One-room buy-to-let apartment in the center of Munich, Germany

479,000 €

12,605 € /m²

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Total area
38 m²
Bedrooms
1
Bathrooms
1
Yield
4.2 %

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Features

Total rooms: 1
6-floor building
5 floor
Built in 1960
Notary (state registration): 1.5 %
Acquisition tax: 3.5 %
Broker: 4.8 %

One-room apartment on the fourth floor of the six-storey building in the city center.

Description of the building

A residential house with commercial units on the ground floor.

The building was built in 1960.

The last renovation was carried out in 2016.

The building consists of 25 one-room and three-room apartments, which are situated from the first to fifth floor.

The apartment sizes span between 36 m² and 83 m².

It is planned to complete the construction with two attic floors, where 6 penthouses will be located.

Interior

The apartment consists of a kitchen with a storage room, a living room and a bathroom with a shower.

The apartment can be fully furnished at the request of the buyer. The design company will create an exclusive interior in Scandinavian style. Easy, light-toned and minimalist furniture will provide a maximum comfort.

Financial performance

Projected yield of 4.2%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 4.76%.

Location

The building is located in the center of Munich in the district of Ludwigsvorstadt.

The main railway station of Munich, underground stations, tram and bus stops are situated in a walking distance from the house. The airport can be reached within 30 minutes by metro.

Many office buildings Open Spaces, coffee-houses and restaurants are situated not far from the property.

The neighborhood of Klinikviertel with one of the largest and most famous healthcare complexes of Germany is located in a walking distance.

Property on the map

Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Germany.

You can see more buy-to-let apartments for sale in Munich elsewhere on our website.

Statistics in Munich

Price per m², €

10,093

Healthcare efficiency level

Index 78 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

Index 84 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.

Compare with: London, Berlin, New York City, other location

Real estate	Price, €
Apartment in the city centre, m²	10,092.59
Apartment in a bedroom community, m²	7,096.3

Transport	Price, €
Public transport, 1 ride	2.9
Monthly travel card	66.6
Taxi, 1 km	1.9
Petrol, 1 l	1.45

Food	Price, €
Water, 1.5 l	0.56
Milk, 1 l	0.9
White bread, 500 g	1.44
Eggs, a dozen	2.27
Chicken fillet, 1 kg	7.95

Education	Price, €
Kindergarten, per month	622.4
International school, per year	14,350.0

Health care	index
Staff competence	78.75
Medical equipment	91.67
Research accuracy and completeness	80.82
Attitude towards patients	74.69

Security	index
Crime rate	10.77
The risk of being robbed	11.56
The risk of car theft	14.03
The risk of break-in and property damage	21.88

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

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.