| Type | Block of flats |
|---|---|
| Living area approx. | 308 m² |
| Bedrooms | 12 |
| Rooms | 17 |
|---|---|
| Bathrooms | 6 |
| Plot area | 307 m² |
|---|
| Rent excluding bills | 4169 € |
|---|---|
| Service charge | 670 € |
| Total rent | 4839 € |
| Purchase price | 599.000 € |
| Price per m² | 1,944.81 €/m² |
| Commission | 5,95% |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThis offer concerns two connected residential buildings, consisting of five apartments and two storage rooms, dating from 1930. Both houses (No. 5 and 7) predominantly have a pitched roof with tile covering. While house No. 7 has a pitched roof throughout, house No. 5 additionally has a flat roof at the rear.
Both buildings have a shared gas heating system, with a burner from 2015.
House number 5
Ground floor: storage room 1 let, storage room 2 let
Upper floor: Let apartment with 6 rooms and balcony
House number 7
Ground floor left: 1-room apartment, let
Ground floor right: 3-room apartment, let
1st upper floor: 4 rooms with balcony, let
Attic floor: 3-room apartment, let
Fittings
Floor coverings: PVC, laminate, tiles, carpet
Heating: gas heating
Modernizations
2010: Attic floor electrical wiring renewed (No. 7)
2010: Attic floor fuse box renewed (No. 7)
2010: Attic floor bathroom renovated (No. 7)
2010: Attic floor radiators replaced (No. 7)
2013: Burner indicator on the heating boiler renewed
2015: Conversion from oil to gas heating
2015: New burner for the gas heating
2015: All windows replaced (No. 5)
2015: Upper floor windows renewed (No. 7)
2015: Upper floor balcony door replaced (No. 7)
2017: Front door replaced (No. 5)
2023: Flat roof waterproofing (No. 5)
2023: Upper floor new boiler (No. 7)
2024: Gutters and rafters renewed
2024: Exterior facade newly plastered and painted
2024: Attic floor window enlarged in compliance with fire protection (No. 7)
2024: Dormers sealed
2024: Stairwell sealing (No. 7)
Profitability
Cold rent income:
€4,169.44 per month
€50,033.28 per year
Based on the current cold rent, this results in a gross rental yield of approx. 8.4%. Due to the moderate rent levels, a prompt rent increase is feasible. There are no rent arrears.
Investment profile
The property offers a fully let existing building with stable income. The recently completed modernizations strengthen long-term value retention. Through the combination of residential and storage space as well as potential for rent adjustments, the property is particularly suitable for investors seeking a high-yield property in established existing stock.
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