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Student apartment for rent with a yield of 4.1% in Berlin, Germany

237,000 €
7,900 € /m²
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Total area: 30 m² 1 bathroom
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Features
  • Yield: 4.1%
  • Operating Incomе: 5,023 €
  • Built in 2019
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.95%
  • Total rooms: 1

Apartment for renting to students in a new residential complex in Berlin-Mitte.

Description

The residential complex includes three buildings.

Apartments are rented in a medium-term lease for 6–12 months.

The construction was begun in spring 2017 and will be completed at the end of 2018. At the moment the project is almost completed.

The residential complex consists of 334 apartments ranging from 19 m² to 30 m².

The cost of apartments ranges from 124,000 € to 237,000 €.

Energy standard: EnEV 2016

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

It is possible to purchase a package of several apartments.

Equipment

  • fitted kitchen
  • wardrobe
  • heating floors

Advantages

The complex may offer at residents' disposal: a laundry in the basement, storage cells and a parking for bicycles. The owners may use services of 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 after deducting costs for the management company is 5,023 €.

The projected yield of 4.1%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The brokerage fee is 5.9%.

The cost of ownership

The cost of the management company is 593 € per year.

Location and nearby infrastructure

The residential complex is located in the city center, in a 4-minute walk from the U-Bahn station. A supermarket, a pharmacy and many attractions of the city are located not far from the property.

There is the largest university clinic in Europe, Charité, as well as the Campus Charité Mitte nearby.

Distance to important sites:

  • Humboldt University of Berlin — 3.5 km (5 U-Bahn stations)
  • Charite Community Complex — 2.6 km (3 U-Bahn stations)
  • Museum Island — 3 km
  • Hackescher Markt — 3 km
  • Alexanderplatz — 4 km
  • Humboldt-Hahn National Park — 500 m
  • Central railway station — 2.5 km

According to statistics, Berlin enjoyed one of the highest rent increases. In the first half of 2016, there was an increase of 7%. In addition, the influx of students in Berlin is constantly growing. As a result, there is a shortage of student apartments. Of about 200,000 students, only about 7% find a place in such a facility.

Statistics in Berlin

Price per m², €
5,832
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 5,832.14
Apartment in a bedroom community, m² 3,963.24
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.52
Milk, 1 l 0.81
White bread, 500 g 1.37
Eggs, a dozen 1.89
Chicken fillet, 1 kg 7.59
Education Price, €
Kindergarten, per month 194.11
International school, per year 8,169.7
Health care index
Staff competence 75.9
Medical equipment 82.43
Research accuracy and completeness 72.77
Attitude towards patients 65.0
Security index
Crime rate 40.42
The risk of being robbed 37.31
The risk of car theft 35.94
The risk of break-in and property damage 51.18

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

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Anastasia Shchepetova
Anastasia Shchepetova
Real Estate Expert
+44 17 4822 0039
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