Property Highlights

Freshly renovated bathroom and paintwork
South-west facing balcony with evening sun
Includes cellar and attic storage spaces
Communal laundry and drying rooms available
Stable rental income with indefinite lease
Well-maintained building with communal parking

Overview

This charming condominium in Neumünster was divided on 01.07.2025 in accordance with the German Condominium Act (WEG) and offers an excellent opportunity for investors. Since 01.03.2025, the apartment has been rented out for an indefinite period and thus guarantees stable and secure rental income immediately. The purchase is rented out, so you benefit directly from ongoing income. Particularly attractive is the statutory regulation on the lock-up period after WEG conversion: In Schleswig-Holstein, a three-year lock-up period applies from entry in the land register, during which a termination for personal use is excluded. This gives investors long-term planning security - in this case probably until July 2028. The apartment is located on the 1st floor on the right (apartment number 4) of a well-kept apartment building from 1957. The building comprises a total of eight units that share a stairwell, with two apartments per floor. There are also communal parking spaces available on the property. The 4-room apartment has a living space of 84.06 m². The layout is as follows: Hallway (6.20 m²), bathroom (3.95 m²), kitchen (7.40 m²), room I (15.83 m²), room II (10.90 m²), room III (22.92 m²), room IV (14.37 m²) and a balcony (4.98 m²), 50% of which is included in the living space (2.49 m²). The balcony faces south/west and offers sunny hours into the evening. The apartment has been freshly renovated - both the bathroom and the paintwork have been renewed. The kitchen is the property of the tenants and is therefore not part of the sale. In addition to the living space, the unit has 15.06 m² of its own usable space, consisting of a cellar room (9.70 m²) and an attic compartment (5.36 m²). In addition, the residents can use communal ancillary rooms with an area of 60.99 m², including a laundry room in the basement (19.43 m²), a drying room in the attic (21.61 m²), a utility room (7.23 m²) and a boiler room (12.72 m²). The apartment has been let for an indefinite period since 01.03.2025. The monthly basic rent is currently € 727.32, which corresponds to a net annual rent of € 8,727.84. The rent per square meter is therefore € 8.65. An index-linked rent has been agreed. The current purchase price factor is 15.93, the purchase price per square meter is € 1,653.58. The monthly house rent amounts to a total of € 606.66. Of this, € 233.44 is attributable to apportionable costs (including heating costs of € 98.38), € 228.33 to the allocation to reserves and € 144.88 to non-apportionable costs. This well-kept and well-designed apartment combines a solid rental situation with attractive appreciation potential and thus offers a secure investment in a good location in Neumünster.

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