REAL ESTATE FOR SALE (€ Euro 219,500)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 000R0633


District: Charlottenburg-Wilmersdorf


Location: Charlottenburg


Located in the Charlottenburg district, this spacious apartment includes an entrance hall, 3 bedrooms, living and dining room, small office/ dressing room, 2 bathrooms, fully fitted kitchen and 2 balconies. Light-flooded rooms and a creative floor plan feature the unit. It is well-kept and is situated on the 3rd floor of the front facing building. Built in 1905 you find here the typical characteristics of German “Altbau” (Old Building) with its stucco, wing doors and high ceilings. The lake “Lietzensee” with its park is in direct neighbourhood, the well-known “Stuttgarter Kiez” is only a few minutes walk away and the shopping road Kurfürstendamm is also nearby (2.5km). Summary: A fantastic place to live...


Specifications:

Apartments is in good condition

Typical charm of Altbau (Old Building)

Fully fitted kitchen

Two bathrooms (1x with bath tub; 1x shower)

Flooring: Parquet and timber floor board in the living areas; tiles in kitchen and bathrooms

Two balconies (1x orientation to the courtyard; 1x orientation to the road)

District heating

Lovely green courtyard

Lift

Very good location in Charlottenburg - “Lietzensee” with its park in direct neighbourhood, well-known “Stuttgarter Kiez” only a few minutes walk away and the Kurfürstendamm 2.5km

Payment:


100% after signing of the notarial purchase contract. Completed - Resale Property


Charlottenburg:


Charlottenburg is situated north of the famous Kurfürstendamm, one of Berlin's major shopping areas that developed in the West during the years that Berlin was divided. Charlottenburg is together with Zehlendorf the wealthiest part of Berlin as well as the most popular residential location. The region has a number of famous landmarks, perhaps the best known being Schloss Charlottenburg, an elegant palace commissioned in 1695 by Queen Sophie Charlotte.


Berlin:


The capital of Germany is dynamic, cosmopolitan and creative, allowing for every kind of lifestyle. East meets West in the metropolis at the heart of a changing Europe.
After experiencing a staggering drop in housing prices since the early 90s, Berlin’s property market is springing back to life. No other property market in Europe offers such undervalued property prices and a solid rental market.


Rental Potential:

The trend goes to properties which are situated in medium/good locations near the town centre.

Berlin: 88% of the habitants are renting properties - 12% are property owners.

Germany has a strong rental culture and tenants tend to live in a property for many years. Therefore, they treat rented property as if it was their own, and this works to the advantages of the owner. Property is let without furniture so tenants must provide their own. This situation might seem a good prospect for investors looking for regular income while they wait for their property to appreciate.

3 Bedroom Apartment – Third Floor – Front Facing Building - Apartment Specification

Rooms (Living Room/ Bedroom): 4.5

Living Size (approx.): 134.30m²

Year of Construction: 1905 (in good condition)

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 1,320 € per year (no allocatable overheads)


Heating costs and allocatable overheads like yearly building insurance, housekeeping etc. are going on top of the basic rent and has to be paid by the tenants: approx. 2,640 € per year


Expected basic rent according to Berlin’s rent table: 12,893 € per year (8.00 € per m²)


Net Yield: 5.27% (yearly additional costs are considered)


From 219,500 €