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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
  • Bathrooms
    1
  • Yield
    4.1 %
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Features
  • Total rooms: 1
  • Annual income: 5,023 €
  • Built in 2019
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 5.95 %

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

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.

  • Property on the map
    Location right down to the building, street or city
  • Panoramas
    Virtual tour along the streets of the neighbourhood
  • Infrastructure
    Shops, schools, transport and entertainment
  • Other properties
    Other offers nearby

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 Mitte elsewhere on our website.

Statistics in Berlin

Price per m², €
5,851
Healthcare efficiency level
69
Index 69 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 5,851.17
Apartment in a bedroom community, m² 3,876.17
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.44
Food Price, €
Water, 1.5 l 0.52
Milk, 1 l 0.78
White bread, 500 g 1.3
Eggs, a dozen 1.94
Chicken fillet, 1 kg 7.56
Education Price, €
Kindergarten, per month 192.67
International school, per year 7,790.42
Health care index
Staff competence 74.17
Medical equipment 82.8
Research accuracy and completeness 72.71
Attitude towards patients 62.82
Security index
Crime rate 40.98
The risk of being robbed 37.75
The risk of car theft 36.09
The risk of break-in and property damage 51.74

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

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      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.

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        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.

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