Flat for sale 3+1 • 66 m² without real estateWolfenbütteler Straße 46, , Lower Saxony

A top property for capital investors and investors.

This 3-room apartment, rented out as a shared apartment (WG), generates approximately an 8% return.

The overall yield of a property always consists of the recurring rental yield and the increase in the property’s value.

The rental yield is about 5.5% (roughly €1,131.74 profit per month after expenses) while the capital appreciation is, conservatively speaking, about 2.5%.

Total: approximately 8% yield

And if you sell after 10 years (tax-free), here is what you will have achieved:

1). You will have earned €135,808.80 in rent (profit before taxes) if you never adjusted the rent for the rooms over the 10 years. In reality, however, the normal turnover in a shared apartment means that every approximately 3.5 years you can slightly adjust the rent when a room is re-let. So, in practice, it would even be higher.

2). A conservatively assumed appreciation of only 2.5% per year (only 25% over 10 years) means that the property’s value increases from €250,000 to at least €312,500, which, in addition to the €135,808.80 in rent, results in around €62,500 of tax-free profit.

Total: €198,308.80 (profit over 10 years)

Or put another way, you buy it today for €250,000 and in just about 10 years you will have at least a selling price of €312,500 (with only a 2.5% annual appreciation) plus at least €135,808.80 in rent.

Thus, turning €250,000 into €448,308.80 in only about 10 years.

Other features:

- All windows (NEW) triple glazed

- Electrical system upgraded to 3-phase and mostly renewed around 2015

- Tiles in the hallway, kitchen, and bathroom (very durable)

- Storage space in the hallway (perfect for shared apartment rentals)

- 3 bedrooms (perfect for shared apartment rentals)

- Location, location, location (perfect for shared apartment rentals)

- Radiators renewed (also estimated around 2015)

- Bathroom with a window (perfect for ventilation)

- Well-maintained building (new front door and windows, etc.)

Rent:

- Room 1: €595 (including additional costs, fiber optic, partial furnishing)

- Room 2: €525 (including additional costs, fiber optic, partial furnishing)

- Room 3: €500 (including additional costs, fiber optic, partial furnishing)

Total: €1,620 per month (income)

Expenses:

- €233.26 for homeowner’s association fees, water, and maintenance reserve

- Approximately €120.00 for heating (gas)

- Approximately €65.00 for electricity

- €40.00 for fiber optic connection

- €10.74 for other costs

- €19.26 for property tax

Total: €493.26 per month (expenses)

A profit of €1,131.74 per month after expenses.

A profit of €13,580.88 per year after expenses.

Top purchase price factor!

Normally in Hannover Döhren, the purchase price factor for rented investment properties is about 25–35.

Example:

1). Annual rent of €13,580.88 x 25 = €339,522 value of the property

2). Annual rent of €13,580.88 x 30 = €407,426 value of the property

3). Annual rent of €13,580.88 x 35 = €475,330 value of the property

Why am I then selling this fantastic investment property for only €250,000 (a purchase price factor of only about 18.5)? – This is solely because I am currently buying my first multi-family house and need liquidity for that.

Sale without an agent. This way you save €8,925 (3.57% of €250,000)!!!

Very good location – the subway station “Peiner Straße” is right at the door. This means, for example, that you are only about 10 minutes from the main train station.

The property is furnished and the equipment is included in the purchase price. Among other things, a complete kitchen including appliances such as a BOSCH washing machine, refrigerator, oven with a ceramic cooktop, table, 3 chairs in the kitchen, 3 beds including award-winning mattresses, 3 desks, 3 side tables, 3 chairs in the rooms, kettle, plates, silverware, decorations, a bench in the hallway, etc.