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Apartment in Berlin, Germany

375,000 €
5,859 € /m²
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Total area: 64 m² 1 bathroom
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Features
  • Yield: 3.0%
  • Operating Incomе: 11,368 €
  • Completion in 2019.IV
  • 11-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Total rooms: 3
  • Balcony or terrace

Three-room apartment for renting in a new residential complex near the center of Berlin.

Description

The construction will be completed by the end of 2019.

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.

It is possible to purchase a package of several apartments.

Interior

The apartment consists of three bedrooms, a spacious kitchen, combined with a dining area, a bathroom, a guest WC, a storage room, a dressing room and a balcony.

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 13,512 €.

The projected annual income after deducting expenses for maintenance and management is 11,368 €.

The projected yield is 3.0%.

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 2,144 € 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, €
5,327
Healthcare efficiency level
70
Crime rate
40
Real estate Price, €
Apartment in the city centre, m² 5,326.67
Apartment in a bedroom community, m² 3,635.69
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 0.59
Milk, 1 l 0.85
White bread, 500 g 1.34
Eggs, a dozen 1.99
Chicken fillet, 1 kg 7.9
Education Price, €
Kindergarten, per month 194.59
International school, per year 10,413.78
Health care index
Staff competence 75.92
Medical equipment 82.83
Research accuracy and completeness 72.75
Attitude towards patients 65.28
Security index
Crime rate 40.24
The risk of being robbed 37.46
The risk of car theft 36.29
The risk of break-in and property damage 51.49

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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Elena Chernyshyeva
Elena Chernyshyeva
Real Estate Expert Tranio in Berlin
+44 17 4822 0039
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