REAL ESTATE FOR SALE (€ Euro 78,500)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 000R0702


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Completely renovated 1 bedroom apartment for sale, located at the border Wilmersdorf/ Schöneberg. This unit with a size of approx. 55m² comprises an entrance hall, living room, single bedroom, good-sized bathroom, kitchen as well as a balcony. The surrounding offers both… a green surrounding and also the nearness to the town centre (West) with its popular shopping road “Kurfürstendamm”. The trendy and chichi places of Schöneberg are close by as well. Driving through the district you will easily realize that most of the inhabitants are well-off. The public transportation connections are excellent.


Specifications:

Apartment is in mint condition – completely renovated

Light-flooded living area

Good sized bathroom (with bath tub) and kitchen

Flooring: Sanded and polished timber floor board; Granite-tiles in bathroom and kitchen

Balcony

Countersash windows

Central heating

Well-kept plot

Building is in very good condition

Very good location in Wilmersdorf – next to the nice Rüdesheimer Platz, approx 3km to the well-known Kurfürstendamm and trendy Olivaer Platz; Schöneberg is only a few minutes drive away.

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. 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.


Bordering Schöneberg hosts several nice restaurants and bars. It is a popular location for young people as well as the fashionable lesbian and gay scene.

Winterfeldmarkt Markets on Thursdays and saturdays are popular with locals. Buy a coffee or have breakfast; this is a place to watch people and being watched. Breakfast is served usually until 2-3pm

Viktoria Luise Platz U-Bahnstation U4 with remarkable old houses and in the nights good restaurants and bars around

Akazien-/Goltzstrasse Restaurants, bars, cafes from afghan to Nepalese and Thai

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.

1 Bedroom Apartment – First Floor

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 54.80m²

Balcony: Yes

Year of Construction: 1956

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 749 € 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. 1,498 € per year


Expected basic rent: 3,945 € per year (6.00 € per m²)


Net Yield*: 4.07% (yearly additional costs are considered)


From 78,500 €