REAL ESTATE FOR SALE (€ Euro 340,000)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 000R0678


Net Yield: 4.85% (yearly additional costs are considered)


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Enjoy pure lifestyle in this fantastic top floor apartment in the Charlottenburg-Wilmersdorf district… a huge living and dining room with approx. 65m², three bedrooms, high-class fully fitted kitchen, two bathrooms and two balconies include this offer. Only a few minutes walk away from the “Prager Platz” with its shopping facilities etc. as well as the nearness to the Kurfürstendamm, makes your new home so unique. The public transportation connections are excellent.


Specifications:

Apartment is in mint condition

Fitted kitchen

Big light-flooded living room with columns

Two bathrooms (1x bath tub, 1x shower)

Flooring: Timber floor board

Two big balconies (1x south orientation, 1x east orientation)

Separate storage room in the cellar

Gas heating

Lift

Parking space could be rented nearby

Good location in Wilmersdorf – only 1.5km to the Prager Platz, approx. 3km to the Kurfürstendamm and 2.5km away to the well-known Viktoria-Luise-Platz in Schöneberg.

Payment:


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


Wilmersdorf:


Wilmersdorf is a quiet region in the south west of the city, driving through the district you will easily realize that most of the inhabitants are well-off. More exclusive is of course the residential area Grunewald, which partly also belongs to Wilmersdorf. Characteristic for Wilmersdorf are the representative buildings in Wilhelmine style and the Grunewald forest. In the west of Wilmersdorf you can leave the inner city in order to come to the Grunewald with its recreation opportunities and natural areas. The most important women's tennis tournament, the German Open, are held in the stadium at the lake Hundekehlesee. Here, in the middle of the forest on a hill at the river Havel, the Grunewald tower (56m high) offers a spectacular view over the Havel lakes and to Potsdam. North of the Grunewald you can find the Teufelsberg hill, which was heaped up from wreckage after World War 2. Its 110 meters makes it one of the highest hills around Berlin.


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 – Top Floor

Rooms (Living/Dining Room and Bedroom): 4

Living Size (approx.): 145m², total area 160m²

Year of Construction: 1900 (in well-kept condition). Top floor has been extended in 2000.

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 880 € per year (no allocatable overheads)


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. 1,760 € per year (without heating costs)


Expected basic rent according to Berlin’s rent table: 17,400 € per year (10.00 € per m²)


Net Yield: 4.85% (yearly additional costs are considered)