Flat for sale 1 bedroom • 24 m² without real estateGodramsteiner Str 1 Landau Landau in der Pfalz Rheinland-Pfalz 76829

The offered property is a 1-room/kitchen/bathroom apartment located in a student residence in central Landau, just a few hundred meters from the university campus.

The apartment measures 24 square meters and is divided into an entrance area, a main room with a floor-to-ceiling window, a French balcony with a view of the greenery, a separate kitchen with a kitchenette, and a tiled bathroom equipped with a sink, toilet, and shower cabin. The apartment is in a freshly renovated condition. It has been newly wallpapered; all the room doors, electrical sockets, and switches have been replaced; and both the shower and the bathroom floor have been newly tiled. The kitchenette is also new.

The apartment is rented to a trainee in elderly care. The net cold rent is €405 per month. This results in a very attractive gross rental yield of 5% for Landau—especially considering the condition of the apartment (the average for new rentals according to the Homeday pricing atlas is 3.7%). There are no rental disputes.

The non-recoverable portion of the service charge is €40.

The property’s maintenance reserve amounts to approximately €200,000.

It has recently been decided to renew the heating system. Starting in May, a heat pump will be installed for heat generation. Consequently, the building will be heated 100% with renewable energy in the future, thereby resolving the issues of the “ban on fossil energy sources” and “passing the CO2 cost on to the landlord.”

Currently, there is an energy consumption certificate available with a Class D rating (based on the existing gas heating system from 1990). After the heating upgrade, the rating is expected to improve to a B or C classification due to the calculation methodology of the heat pump.

The property is excellently suited as an investment for the following reasons:

- Very good rentability, as student residences are very popular among students and the university is just a few hundred meters away.

- There is a caretaker who looks after the property and handles minor repairs in the apartments.

- Student residences represent a special form of housing in which many tenancy law restrictions do not apply. For instance, neither the restrictions imposed by the rental index nor the rent control apply, and tenants can only terminate their lease at the end of the semester.

This makes rent adjustments easier and facilitates re-rental, as there is always particularly high demand at the beginning of the semester.