Flat for sale 3+1 • 60 m² without real estateRethfelder Str. 8, , Schleswig-Holstein

This exceptionally designed maisonette apartment combines the character of a classic condominium with the spatial impression of two living levels. The apartment spans the second floor and the attic above, providing a layout that clearly distinguishes itself from an ordinary apartment in this size category.

The living area is approximately 60 m². Due to the sloping ceilings and the additional level, there is actually a considerably larger, practically usable floor space available. The proportional gross floor area is about 93 m², highlighting the comparatively generous overall space including construction and ancillary areas.

On the second floor, you will find the entrance area, the bathroom, the living room with a kitchen area, as well as a spacious balcony. An internal spiral staircase leads to the attic, where there is a hallway, a bedroom, and additional storage spaces that are currently used as a children’s room. An individual basement storage room and a parking space complete the offering.

The apartment itself is in need of renovation or modernization. This, however, presents the opportunity to redesign the layout, surfaces, kitchen, and bathroom entirely to your own taste. The visualizations prepared for marketing purposes exemplify the potential that modern, up-to-date renovations can unlock.

Important: The need for modernization only concerns the interior of the apartment. The communal building is well-maintained and in good repair; there is no overall backlog of building renovations.

Suitable for both owner-occupiers and investors.

The apartment is equally ideal for buyers looking to create an individual home and for investors seeking an already rented unit with development potential. In cases of desired owner-occupancy or an immediately planned renovation, the apartment can be handed over rent-free after prior coordination if necessary.

Investment at a glance:

• Current net cold rent: €860 per month

• Annual net cold rent: €10,320

• Gross rental yield on a purchase price of €195,000: approx. 5.29%

• Purchase price factor: approx. 18.9

• Service charge: €143 per month

The residential environment is characterized by single-family homes, smaller multi-family houses in open construction, and a vocational school. Overall, the area offers a pleasant and established living atmosphere. Facilities for daily needs are in close proximity and easily accessible. The residential location in Elmshorn is considered good to average, offering a solid combination of peaceful living and good connectivity to the surrounding area as well as the Hamburg metropolitan region.