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Buy-to-let apartment with yield 4% in Berlin, Germany

375,000 €
5,859 € /m²
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Total area 64 m² 1 bathroom Yield 3.0 %
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Details
  • Total rooms: 3
  • 11-floor building
  • 11 floor
  • Annual income: 11,368 €
  • Completion in: 2020.IV
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Balcony or terrace
  • Car parks

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

Description

The building will be completed by the end of 2020.

The residential complex consists of 56 studio apartments ranging from 30-33m² and two-, three-, and four-room apartments from 59-84m².

The cost of the studios ranges from € 149,000-199,000 and the cost of the apartments ranges from € 299,000-470,000.

There are two commercial units on the ground floor of the building.

Energy standard: KfW-55

Property of this type is highly sought after. The owner will receive long-term rent revenue for a low-cost investment.

It is possible to purchase a package of several apartments.

Interior

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

Equipment

  • fitted kitchen
  • heated floors
  • elevator

Advantages

There is the option of a rooftop terrace with parking space for bicycles. The owner may use the services of a management company, which assumes responsibilities associated with searching for tenants, signing the lease agreement, property maintenance, 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%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6%.

The cost of ownership

The cost of the management company services is € 29.75 every 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, a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport, a metro station, Aldi and Netto supermarkets are within walking distance from the building. Also, there is a shopping center, parks, a university, schools, sports field, and hospital nearby.

The airport is located 20 km away, and Berlin Main Station can be reached in 35 minutes by tram.

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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.

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.

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

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Daria Batiuk
Daria Batiuk
Real Estate Expert Tranio in Lichtenberg
+44 17 4822 0039
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