Flat for sale 3+1 • 60 m² without real estateMünster Geist Nordrhein-Westfalen 48153

The community of owners consists of 7 condominiums and 2 parking spaces, as well as the private gardens that are reserved for the two ground floor owners. A separate storage room in the basement is allocated to each condominium.

The multi-family house was built in 1952 and has been continuously maintained. In 1988, the attic was converted into living space and the roof was newly re-covered.

Both structurally and energetically, the property, classified as energy efficiency class D, is in an acceptable condition and has been continuously maintained. The most recent modernization measures within the last 5 years were:

• Construction of a bicycle parking area (2024)

• Installation of a video intercom system (2024)

• Renewal of the front door (2024)

• Construction of a garden fence (2024)

• Heating optimization (2020)

Due to the division of the property into individual condominiums in 2024, only a small maintenance reserve exists. However, no major renovation measures are planned for the coming years.

The location is part of the Geistviertel district and lies in the Mitte city district. Nestled between the Aaseestadt, the Südviertel, Mecklenbett, and Berg Fiedel, the district is very central. From here, the following destinations can be reached in just a few minutes (by bicycle/car):

• Prinzipalmarkt (10 min/12 min)

• Aasee (11 min/9 min)

• Main train station (10 min/8 min)

• A43 and A1 (21 min/10 min)

The proximity to Hammerstraße further emphasizes the central location. Several bus lines (1, 5, 9, N82) depart from here, and the city center is easily reachable via the dedicated bicycle path.

Everyday shops, 6 schools and 6 daycare centers, medical care facilities, and shopping opportunities can be found in the immediate vicinity, particularly along Hammerstraße. Furthermore, the Clemenshospital is located in Geistviertel. A landmark of the district is the water tower, inaugurated in 1902, which served for over 100 years—until 2017—for drinking water storage. Typical for Münster: There are 5 churches in Geistviertel alone.

Nearly 10,000 people live here. The district is very young, with many students living there. Approximately 52% of the population are under 39 years of age.

Geistviertel emerged after the First World War between 1921 and 1931. During that time, the district experienced the most significant construction development in Münster. The incorporated farming community of Geist gave the district its name. The name Geist, or also Geest, refers to the high and dry Kiessand ridges of Münsterland.

Geistviertel is characterized predominantly by small apartments, and the household size is lower than the Münster average. For example, 1-2 room apartments make up approximately 80% of the households.

The unemployment rate among people aged 15 to 64 is 3.31%, slightly below the Münster average.

The 60 sqm apartment for sale consists of 3 rooms, all of which are accessible separately and can thus also be rented out as a student shared apartment. The rooms range in size between 12 and 18 sqm. The kitchen, at approximately 10 sqm, invites you to linger. Most rooms have laminate flooring. In the renovated bathroom from 2010, there is a shower, a toilet, and a washbasin. Ventilation is provided by a window.

The condominium on offer has been rented out to a tenant since 2002, who always pays the rent on time. One room is sub-let by the tenant. The rent amounts to €4,939 per year, which corresponds to a low price of €6.89 per square meter, offering significant potential for rent increases.

The monthly service charge is €239. The non-allocable operating costs are €102 per month, of which €39 are allocated to the maintenance reserve. A termination for personal use can be carried out at the earliest after 8 years.

If the apartment were rented anew, a minimum square meter rent of €13 could be achieved effortlessly due to the good room layout and its location in Geistviertel. That corresponds to a net cold annual rent of €9,360.