Fully renovated period apartment in Lüneburg – 2.5 rooms, commission-free

Key facts

Purchase price & costs

About this apartment

A 2.5-room attic apartment with approx. 60 m² of living space is offered in a period building from the beginning of the 20th century at Schützenplatz in Lüneburg. Sale commission-free, directly from the owner.

The apartment was fully gut-renovated in 2026. The electrical installation, water pipes, the windows, the radiators, and the floor coverings were renewed. The bathroom was completely rebuilt. In addition, full energy-efficient insulation of the roof slopes, the floor ceiling, and the exterior walls was carried out. Nothing will therefore need to be done on the separately owned property for years to come.

THE ECONOMICS AT A GLANCE

- Purchase price: €249,000
- Calculated net cold rent: €900 per month
- Calculated annual net cold rent: €10,800
- Factor (calculated): 23.1
- Gross rental yield (calculated): 4.34%
- Service charge: €220 per month, including €33 allocated to the maintenance reserve
- Property tax: €106 per year
- Handover: vacant possession

Heating and hot water are provided by a gas central heating system from 2021 and can be passed on via the tenant’s advance payment of ancillary costs.

THE OWNERS’ ASSOCIATION

The condominium owners’ association comprises five residential units and two commercial units. As of 2025, the maintenance reserve amounted to €41,071, of which €4,139 is arithmetically attributable to this unit. The building is in a well-maintained condition; special assessments for major work on the common property have not currently been approved and are not planned.

RENTAL AND OWNER OCCUPATION

After completion of the renovation, the apartment is vacant and will be handed over with vacant possession. Both are therefore possible: immediate move-in or an initial letting on freely negotiable terms, without being bound by an existing lease.

Furnished letting is also readily feasible at this location and raises the achievable rent above the figure calculated here. If you would like to take this route, we will support you with furnishing and fittings, independently of the purchase price and as a separate offer.

Fittings and features, as described

The apartment is on the top floor and can be reached via three floors without an elevator. Ceiling heights of approx. 3.00 to 3.30 m in the living room and bedroom underscore the period-building character.

Newly laid oak parquet takes up the character of the rooms. The original paneled doors, the round-arch finishes above the windows, and a historic wooden post in the study have been preserved. The new bathroom has a window, a bathtub, designer fittings, and underfloor heating. A second underfloor heating system is located in the study.

The separate kitchen is fully connected and will be handed over without a fitted kitchen, thus free for your own design. In addition, there is a private utility room of approx. 2.5 m² with a washing machine connection and its own window, a cellar compartment, and bicycle storage. There is no balcony.

Other

Mandatory information under the GEG: energy consumption certificate, energy consumption value 120 kWh/(m²·a), main energy source gas, year of construction according to the energy certificate 1960, energy efficiency class D. The values refer to the building as a whole. The actual consumption of this apartment is likely to be significantly lower after the energy renovation.

All information is given to the best of our knowledge and without warranty. Please no broker inquiries.

Location

Location details

The property is located at Schützenplatz in Lüneburg. The city center and the main station are within walking distance. Local amenities, doctors, and service providers are in the immediate vicinity.

Lüneburg is a Hanseatic city, a university location, and a district town with around 78,000 inhabitants. The Metronom takes about 30 minutes to Hamburg Central Station. Commuters, students, and singles ensure permanently stable rental demand here. The calculated rent is based on this.