Flat for sale 2 bedroom • 40 m² without real estateBiedenkopfer Straße, , North Rhine-Westphalia

The apartment is located on the top floor of a well-maintained 6-party building that was constructed in 1961 using a solid construction method. Both the common property and the apartment itself are presented in an overall good and well-maintained condition.

Various modernization measures have already been carried out for the property. The double-glazed uPVC windows were renewed in the 1980s. In addition, the roof received intermediate rafter insulation in 1990, while the heating system was modernized in 2003.

In the coming months, a new facade paint job and a roof renovation – including partial insulation – will take place. The special assessment of €10,550.00 for the condominium, decided for these measures, has already been paid in full.

The electrical system mostly corresponds to an older construction year. In addition, there is a predominantly horizontal wastewater pipe located within the bathroom/kitchen wall, which, based on experience, should be cleaned approximately once a year.

Investment key data at a glance:

Annual net cold rent: €4,500

Rented – no vacancy, immediate rental income

A non-binding financing example has already been provided by a financing advisor for both investors and owner-occupiers. For example, with a purchase price of €99,000, financing with a monthly rate starting at approximately €335 is possible on a loan amount of €79,000. Alternatively, full financing with a monthly rate starting at approximately €483 is possible at a loan amount of €99,000.

The conditions presented are provided solely as examples and depend on creditworthiness, equity, and personal financing situation.

Living area: 39.81 m²

Rooms: 2 (living kitchen + bedroom)

Floor: Top floor

Year built: 1961

Building condition: Well maintained, partially modernized

Features:

- Living kitchen with dining area

- Separate bedroom

- Modernized daylight bathroom

- Cellar room available

- New, modern facade paint job already financed

- Roof renovation and partial insulation already financed

Note: Has a positive effect on the energy efficiency class

- Double-glazed uPVC windows (1980s)

- Gas central heating (renewed 2003)

- Cable/Sat-TV connection

The Siegener Giersberg is one of the most popular and sought-after residential areas in the city. The area impresses with its successful combination of quiet living, good infrastructure, and short distances. Shops for daily needs, doctors, pharmacies, as well as schools, kindergartens, and other educational institutions are conveniently close and easily accessible.

The public transport connection is also excellent, making it easy to reach both the Siegen city center and the surrounding districts. Numerous leisure, sports, and local recreation opportunities in the area further contribute to a high quality of living.

The attractive location makes the property particularly interesting for couples, professionals, and investors alike.

The roughly 40 m² apartment offers a living kitchen and a separate bedroom with parquet flooring as well as a bathroom. The bathroom was modernized in 2000. Currently, the apartment is rented. In addition, a cellar room is part of the apartment.

Advantages as an investment:

- Immediate rental income without vacancy

- Attractive yield

- Potential for value appreciation in a highly sought-after location

- Low administrative effort

- Manageable investment sum

- Very favorable tax depreciation options