About this house
Up to approx. €5,200 net cold rent per month and a double-digit gross rental yield – this property is clearly aimed at investors! The figures are based on approx. 330 m² of living space, additional parking spaces and other options for expansion requiring approval, which are presented below.
Immediately achievable:
The property currently has approx. 330 m² of living space, distributed across two residential units.
With market-based letting at €8.00/m² net cold rent, this results in:
330 m² × €8.00 = €2,640 / month
= €31,680 / year
In addition, parking spaces can be rented separately:
Solid double garage: 2 parking spaces × €50 = €100 / month
Carport: €35 / month
Target total rent: €2,775 / month | €33,300 / year
Gross rental yield (purchase price €419,000): approx. 7.95%
Expansion stage 1 – Rock cellar
A rock cellar measuring approx. 90 m² is available. Following approval and conversion, it could be used as living space. Also calculated at €8.00/m²:
90 m² × €8.00 = €720 / month
= €8,640 / year
Total: €3,495 / month | €41,940 / year
Gross rental yield: approx. 10.0%
Expansion stage 2 – Ground-floor apartment
On the ground floor there are smaller utility rooms (10.28 +6.53 +2.71 +2.43 +20.02*0.5 = 32 m²), which, subject to approval, could be combined into a compact one-room apartment (e.g. holiday apartment or commuter room).
Conservative flat rent: €350 / month
= €4,200 / year
Total: €3,845 / month | €46,140 / year
Gross rental yield: approx. 11.0%
Expansion stage 3 – Attic conversion
The attic is currently not designated as living or usable space, but has approx. 348 m² of gross floor area. Conservatively estimated (approx. 60% eligible for inclusion), this results in approx. 209 m² of additional living space:
209 m² × €8.00 = €1,672 / month
= €20,064 / year
MAX scenario: €5,517 / month | €66,204 / year
Gross rental yield: approx. 15.8%
Conversion of the rock cellar, apartment and attic each requires approval.
