Two apartment buildings, Essen, Germany

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Two apartment buildings, Essen, Germany

949,000 €
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Total area: 1,005 m² Yield: 7.4% Built in 1959
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Features
  • Operating Incomе: 70,000 €
  • Land area: 497 m²
  • 5-floor building
  • Occupancy: 100%
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 6.0%

Two residential houses.

Description

The houses consist of 16 apartments. The apartment sizes span between 51 m² and 70 m². 

Some apartments have balconies. One apartment has an access to the terrace.

There is a garden in a courtyard. 

There is a laundry in the basement.

All apartments are rented.

The building was built in 1959. The houses are repaired as necessary.

Equipment

  • PVC windows
  • intercom
  • central gas heating system

Financial performance

Absolute annual income is 70,000 €.

The current yield of 7.4%. 

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

Brokerage fee is 5.95%.

Location

The houses are located in the northern part of Essen, close to public transport stops. The Essen University is situated in a few-minute drive from the buildings.

Statistics in Essen

Price per m², €
2,150
Healthcare efficiency level
83
Index 83 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,150.0
Apartment in a bedroom community, m² 760.0
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.38
Food Price, €
Water, 1.5 l 0.24
Milk, 1 l 0.66
White bread, 500 g 1.04
Eggs, a dozen 1.63
Chicken fillet, 1 kg 7.18
Education Price, €
International school, per year 16,000.0
Health care index
Staff competence 87.5
Medical equipment 100.0
Research accuracy and completeness 87.5
Attitude towards patients 62.5
Security index
Crime rate 50.0
The risk of being robbed 35.42
The risk of car theft 37.5
The risk of break-in and property damage 56.25

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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