| Living area approx. | 371 m² |
|---|
| Rooms | 10 |
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| Bathrooms | 3 |
| Plot area | 120 m² |
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| Purchase price | 1.199.000 € |
|---|---|
| Price per m² | 3,229.54 €/m² |
| Commission | 3,57% |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsAttention capital investors and investors:
This residential/commercial building in a prime central location in Detmold city centre combines historic building fabric with commercial and residential use. On a plot of approx. 120 m², it offers approx. 371.26 m² of lettable space across five levels, including approx. 217.70 m² of living space and approx. 153.56 m² of commercial/usable space.
The property is divided as follows:
• Commercial basement/ground floor: approx. 153.56 m² | 2 areas, kitchen, 2 WCs | let
• Apartment 1 – 1st floor: approx. 83.15 m² | 3 rooms, kitchen, bathroom, WC | let
• Apartment 2 – 2nd floor: approx. 81.80 m² | 3 rooms, kitchen, bathroom, WC | let
• Apartment 3 – attic: approx. 52.75 m² | 2 rooms, kitchen, bathroom | let
The fully let property generates net annual cold rent of €74,880.00, corresponding to an average of €6,240.00 per month. With a purchase price of €1,199,000.00, this results in a gross yield of 6.24% or a gross factor of 16.01. Additional, irregular revenue shares from the commercial unit are not included; details are available on request.
The building, originally constructed around 1800, was almost completely renovated around 1975. Parts of the load-bearing timber beam construction were retained. The façade and roof are listed monuments; an increased depreciation allowance is possible for eligible heritage conservation measures.
A large proportion of the windows was replaced in 2024/2025; three more will still be replaced. Fire protection measures were renewed on the ground floor. The 1975 roof is in good condition. The electrical system and water pipes essentially date from 1975 and have been partially renewed.
Heating is provided via district heating with a nearly new system (built in 2024) in excellent condition. Instantaneous water heaters supply all apartments with hot water.
The property is currently held under a hereditary building right. However, the entire package, including the plot, is being sold; its acquisition is already included in the purchase price.
Further information and photos are available on request.
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