| Type | Block of flats |
|---|---|
| Living area approx. | 290 m² |
| Rooms | 12 |
|---|
| Plot area | 146 m² |
|---|
| Purchase price | 257.000 € |
|---|---|
| Price per m² | 886.21 €/m² |
| Commission | no commission for buyers |
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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 assumptionsIn a central residential location in Detmold, this fully rented apartment building presents an interesting investment opportunity with sustainable development potential. Emilienstraße combines a location close to the city center with good public transport links and short distances to shopping facilities, schools, doctors, and Detmold train station. The historic old town, dining options, and cultural facilities are all within easy walking distance and contribute to a consistently attractive residential location.
Built in 1955, the apartment building comprises four rented residential units with a total living area of approx. 290 m². The apartments comprise three almost identically laid-out 3-room apartments of approx. 77 m² each on the ground and upper floors, as well as an approx. 59 m² 3-room apartment in the attic. The layout is complemented by approx. 75 m² of basement space. The plot has an area of approx. 146 m². There are no parking spaces or garages on the property.
All apartments are rented and are each heated by their own gas-fired apartment heating system. The current total monthly net cold rent is €1,150.82, corresponding to an annual net cold rent of €13,809.84.
Overall, the building is in solid structural condition consistent with its year of construction. In recent years, maintenance work has been carried out mainly as needed. From today's perspective, there is an increased need for modernization and maintenance. In particular, energy-efficiency renovations have not yet been carried out. At the same time, this offers investors the opportunity to sustainably increase both the building standard and long-term earning potential through targeted modernization.
The property also offers income growth potential. Current rents are below the sustainable level achievable according to the rent index. A market-appropriate net cold rent of around €5.85/m² is considered sustainably achievable for the apartments from the ground floor to the 2nd upper floor, and around €6.00/m² for the attic apartment. Accordingly, rent adjustment potential exists in the future within the limits of the law.
The combination of a sought-after location close to the city center, full occupancy, and existing value and rent growth potential makes this apartment building an attractive investment opportunity for investors who see the existing need for modernization as an opportunity to sustainably develop the property.
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