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Package of apartments in Berlin, Germany

468,000 €
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Total area: 92 m² Yield: 3.2% Completion in 2020.IV
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Features
  • Operating Incomе: 14,901 €
  • 11-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

Three studio apartments for renting in a new residential complex.

Description

The construction will be completed by the end of 2020.

The residential complex consists of 56 studio apartments ranging from 30 m² to 33 m² and two-, three- and four-room apartments ranging from 59 m² to 84 m².

The cost of the studios ranges from 149,000 € to 199,000 € and the cost of the apartments ranges from 299,000 € to 470,000 €.

There are two commercial units on the ground floor of the building.

Energy standard: KfW-55.

Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low-cost investment.

Interior

The studio consists of a living room combined with a kitchen and a dining area, a bathroom, a storage room, a dressing room, a balcony or a terrace.

The apartments consist of 2, 3 or 4 rooms, a spacious kitchen, combined with a dining area, a bathroom, a storage room, a dressing room, and a balcony. Some apartments have a guest WC.

Equipment

  • fitted kitchen
  • heating floors
  • elevator

Advantages

The complex may offer at residents' disposal: a rooftop terrace and a parking for bicycles. The owners may use services of a management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

Financial performance

The projected annual income is 18,528 €.

The projected annual income after deducting expenses for maintenance and management is 14,901 €.

The projected yield is 3.2%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The cost of ownership

The cost of the management company services is 29.75 €/month per unit.

The operating costs are 2.32 €/m² per month.

According to preliminary calculations, management and maintenance costs are 3,627 € per year.

Location

The residential complex is located in the Lichtenberg district, in a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport stops, a metro station, Aldi and Netto supermarkets are situated in a walking distance from the building. Also, there are a shopping center, parks, a university, schools, a sports field and a hospital nearby. 

The airport is located in 20 km, and Berlin Main Station can be reached in 35 minutes by tram.

Statistics in Berlin

Price per m², €
5,526
Healthcare efficiency level
70
Index 70 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
60
Index 60 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 5,525.81
Apartment in a bedroom community, m² 3,701.04
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.52
Milk, 1 l 0.82
White bread, 500 g 1.4
Eggs, a dozen 1.96
Chicken fillet, 1 kg 7.75
Education Price, €
Kindergarten, per month 200.44
International school, per year 7,627.92
Health care index
Staff competence 75.91
Medical equipment 82.75
Research accuracy and completeness 72.75
Attitude towards patients 65.37
Security index
Crime rate 39.98
The risk of being robbed 37.22
The risk of car theft 35.97
The risk of break-in and property damage 51.22

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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Enquire about this apartments package
Olga Starintseva
Olga Starintseva
Real Estate Expert Tranio in Berlin
+44 17 4822 0039
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