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Apartment house in Essen

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Total area: 360 m² Yield: 8.7% Built in 1948
  • Absolute return: 22,980 €
  • Land area: 625 m²
  • 4-floor building
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 7.1%
  • Total rooms: 7

It is a four-storey apartment house in Essen, North Rhine-Westphalia.


The building with a basement and an attic, total area of 360 m² was constructed in 1948.

The plot of 625 m².

There are seven apartments in total, six of them are two-bedroom and one is three-bedroom situated on the mezzanine.

Each apartment has its own kitchen, loggia, separate bathroom and WC. Living room flooring is laminate, bathrooms flooring is tile.

The building has been completely renovated and now is in good overall condition. Central gas heating. A-class energy saving, annual power consumption rate of 95 kWh/m².

All apartments are leased out.

Financial performance

Absolute income is 22,980 €.

The current yield of 8,7%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6,5%.

The broker's fee of 7,14%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Essen
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