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This stylish 2-room apartment is located on the 3rd floor of a distinguished, listed apartment building that underwent extensive, high-quality renovation in 2016. The successful blend of historic character and modern living comfort creates a special atmosphere that appeals to both owner-occupiers and investors.
The apartment offers approx. 47.61 m² of living space and impresses with a well-designed, open-plan layout. The entrance area leads directly into the spacious living and dining area with an integrated kitchen. The open design creates a pleasant atmosphere and provides ample space for cooking, dining and relaxing. The cozy balcony is also directly accessible from the living area and offers a lovely spot to unwind outdoors.
The quietly situated bedroom offers enough space for a double bed and a wardrobe, making it an ideal private retreat. The modern bathroom blends harmoniously with the apartment’s high-quality overall condition and is equipped with both a bathtub and a practical washing machine connection.
Underfloor heating throughout ensures a high level of living comfort and provides even, pleasant warmth. In addition, a passenger elevator offers convenient access directly to the apartment. A modern intercom system completes the contemporary standard of amenities.
Overall, the apartment combines high-quality fittings with stylish living comfort and the special charm of a carefully renovated listed property. It is therefore ideal for anyone looking to combine urban living with historic charm.
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Attention investors
This apartment stands out not only for its stylish period character and sought-after location, but also as a sustainable investment opportunity. The unit is very well rented and currently generates net cold rent of EUR 6,144.00 p.a.. This corresponds to an attractive initial yield of approx. 4.93%. The current monthly service charge is EUR 240.46, of which EUR 172.55 can be passed on to the tenants. The remainder is divided between non-recoverable costs (EUR 41.41) and contributions to the maintenance reserve (EUR 26.50).
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Fittings and features, as described
- Parquet flooring - Balcony - Elevator - Underfloor heating - Complete renovation in 2016
Location
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Location details
The property is located in a sought-after, established residential area in Magdeburg’s Stadtfeld Ost district. The neighborhood is one of the state capital’s most popular residential areas and impresses with its charming historic buildings, excellent infrastructure, and successful blend of urban living and a high quality of life.
Shops for everyday needs, bakeries, cafés, restaurants, doctors, and pharmacies are nearby and easily accessible on foot. Daycare centers, schools, and other educational facilities are also a short distance away, making the location particularly attractive to families.
Public transportation links are excellent. Tram and bus stops are within walking distance and provide quick connections to Magdeburg city center, the main train station, and surrounding districts. Federal highways B1 and B71, as well as the A2 motorway, are also quickly accessible by car.
The nearby Glacis Park and other green spaces offer a variety of opportunities for walks, sports, and relaxation. The combination of urban infrastructure, short distances, and a pleasant residential setting makes this one of Magdeburg’s most sought-after addresses.
