| Type | Flat |
|---|---|
| Floor | 1 |
| Living area approx. | 38 m² |
| Year built | 1887 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 2 |
| Fuel type | Gas |
| Purchase price | 275.000 € |
|---|---|
| Price per m² | 7,236.84 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is a very well-designed two-room period apartment with a balcony in the popular Eppendorf district. The apartment is located on the 1st floor and has a size of 37.42 sq m according to the declaration of division (approx. 39 sq m according to the tenancy agreement). It is rented to a senior citizen under a standard Hamburg tenancy agreement.
The overall property was divided on 02/06/1997 into 41 residential units, some of which are owner-occupied and some rented out. The property is well managed and continuously maintained. The apartment itself still features many original elements (e.g. wooden floorboards, old doors, stucco) and offers potential for a lovingly designed renovation when the tenant changes. The apartment also includes a ground-level storage room accessible from the courtyard.
Due to the very low rent of €213.78/month net cold rent, the apartment currently does not work as an investment property. In order to increase the rent significantly, the apartment would first need to be modernised (customary modernisation costs approx. €500–1,500/sq m). This circumstance has been taken into account in the purchase price.
We ourselves bought the rented condominium 10 years ago purely as an investment. We have never increased the rent, nor was there any “failed” owner-occupancy termination by us. Modernisation was considered but ultimately not pursued. However, there is already a planning concept from the current owner, an architect, which can gladly be taken over.
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The location could hardly be better in Hamburg’s most popular district: Eppendorfer Marktplatz with several bus lines, the Alster River with its rowing clubs, Hayns Park and Kellinghusenstraße underground station are just a few steps away. Countless shopping opportunities, restaurants, cultural and leisure facilities, as well as doctors and the university hospital, are nearby—a well-preserved, safe and highly sought-after residential environment.
359.000 € Classic old-building charm in a leafy setting and sought-after location in Hamburg-Eppendorf20251 Hamburg
319.000 € Directly by UKE: 2-room period apartment with eat-in kitchen – 2-person shared flat, investment property, own home in Eppendorf20251 Hamburg– Eppendorf
319.000 € Directly by UKE: 2-room period apartment with eat-in kitchen – 2-person shared flat, investment property, own home in Eppendorf20251 Hamburg
