Flat for sale 2+kk • 71 m² without real estateBochum Wattenscheid Nordrhein-Westfalen 44866

For sale is a rented 2-room condominium apartment with 70.22 m² of living space on the first floor of a well-maintained multi-family house in Bochum-Wattenscheid.

The apartment impresses with an unusually spacious layout: the living and dining area alone measures 31.31 m², making it exceptionally ample for a two-room apartment. In addition, there is a bedroom of 15.94 m², a separate kitchen of 11.06 m², and an entrance hall of 6.32 m², which provides a clear separation of the rooms. The bathroom features a window, allowing for natural ventilation – a detail that is by no means standard for buildings of this era. A basement storage room is included with the unit.

The building was constructed in 1954 and comprises a total of eleven residential units. The division according to the Condominium Act has been completed, and the certificate of separability from the City of Bochum is available. Over the years, the property has been continuously maintained – for example, the gas installation has been sealed, several units have been completely renewed with electricity, and the rear area of the property has been reorganized. Currently, the conversion of the attic into two additional residential units is in the approval phase, thereby enhancing the overall value of the property.

A new homeowners’ association has been established. For the purchaser, this means a clean start: no legacy resolutions, no ongoing proceedings, no inherited disputes from the past. The maintenance reserve has already been allocated with €11,000 and, because of approved measures, is not earmarked – the community is free to decide on its use.

The apartment is rented on a long-term and reliable basis. The net cold rent was recently adjusted and currently amounts to €359.00 per month, corresponding to €5.11/m². Thus, from day one, the unit generates stable returns without the buyer having to invest initially in rent adjustments or refurbishments. In relation to the purchase price, this results in a gross rental yield of around 4.4 percent. It should be noted that the rent cap has initially been fully utilized due to the most recent adjustment.

Additionally, there is the possibility to purchase a garage or a parking space on the property together with the apartment. Both are notarized in the same purchase contract, so that no additional notary appointment is necessary. Please feel free to contact us if you are interested.

The price per square meter is noticeably below the local market level. Those looking for a modest entry-size investment with reliable returns and a low capital requirement will find here an asset that operates without any prior input.

Note on the photos: The images show the actual apartment. The tenant’s furniture has been digitally removed to protect their privacy. No changes have been made to the condition, floor plan, or equipment.

Note on tenant protection: After being rented out to the tenant, the apartment was converted into condominium ownership. Therefore, the termination ban according to § 577a of the German Civil Code (BGB) applies: the buyer may only invoke personal use or a termination for redevelopment purposes at the earliest three years after the change of ownership is registered in the land register. Bochum is not within the scope of the North Rhine-Westphalia Tenant Protection Ordinance – thus, the statutory minimum period of three years applies and not an extended ban. Furthermore, the tenant is entitled to a statutory right of first refusal according to § 577 BGB upon the first sale after the conversion. The property is therefore expressly suitable as an investment and not for owner-occupation.

Energetically, the building is classified in efficiency class C with a final energy consumption of 96.4 kWh/(m²·a) – an above-average value for its construction period.

The apartment is located in Bochum-Wattenscheid, an established residential area in the western part of the city at the border with Gelsenkirchen and Essen. The surroundings are characterized by low-rise residential buildings – a down-to-earth location with a stable tenant structure, as is sought after for an investment of this size.

All daily necessities are fully within walking distance: the nearest general practitioner is about 450 meters away, a pharmacy approximately 590 meters. Supermarkets and discount stores can be reached in just a few minutes. An elementary school is located about 760 meters away, and a secondary school about 1.2 kilometers away.

The connectivity is the true advantage of the location: the nearest bus stop is about 220 meters away, and the nearest highway exit is roughly a three-minute drive. Via the A40, Essen, Gelsenkirchen, and downtown Bochum are each accessible within a short journey – a radius that covers the entire middle Ruhr area job market. It is precisely this accessibility combined with low rent levels that ensures a reliable demand for rental housing.

The apartment comprises two rooms, a separate kitchen of 11.06 m², and an entrance hall that clearly separates the rooms. The bathroom is equipped with a window, providing natural light and ventilation.

Heating is provided by natural gas, and the hot water is also generated using gas. A basement storage room is permanently allocated to the unit. Additionally, a garage or parking space on the property can be purchased.

The monthly service charge amounts to €190.00. Of this, €111.00 covers operating costs that can be apportioned and are covered by the tenant’s advance payment for utilities, and €79.00 covers non-apportioned items such as administration and the maintenance reserve.

The apartment is in a well-maintained, rented condition with standard fittings. It will be handed over in its current state.