Flat for sale 2+kk • 59 m² without real estateBochum Wattenscheid Nordrhein-Westfalen 44866

Well-Maintained Investment Property with a 7% Gross Rental Yield

This approximately 59 m² ground floor apartment is a well-maintained, solidly rented investment property located in Bochum-Wattenscheid.

The apartment is in excellent condition and has been rented out for many years. The existing tenancy provides the buyer with a solid basis for a long-term investment.

The current base rent is €406.70 per month. In addition, the buyer will receive a rental subsidy of around €112.50 per month for the next three years, resulting in calculated earnings of approximately €519 per month during that period.

The total rental subsidy of €4,050 will be paid out once after the completion of the purchase contract. Based on the purchase price of €89,000, this results in a gross rental yield of roughly 7% for the first three years. Thereafter, the further rental development can be re-evaluated within the framework of legal possibilities.

The multi-family house was recently divided into condominiums (WEG) and is professionally managed. The owner has already contributed €11,000 to the maintenance reserve, and no special assessments are currently planned.

Initial improvements have already been made to the communal property: the entrance hall has been freshly painted and the intercom system renewed. Additionally, the already sold attic is being developed further, which will enhance the building's value.

Furthermore, the buyer will receive a remaining useful life certificate with a depreciation possibility of at least 4% per annum.

Optionally, there is the possibility to purchase a parking space or a garage in the backyard, as well as additional apartments within the building.

Note on the Pictures: The images shown are original photographs of the apartment. In order to protect the tenants’ privacy, furniture and personal items have been digitally removed for discretion, without altering the spatial conditions.

The apartment is located in Bochum-Wattenscheid, a well-established residential area in the western part of Bochum. The area is characterized in particular by good infrastructure and its central integration within the Ruhr area.

Shopping opportunities, doctors, pharmacies, schools, kindergartens, and other daily necessities are easily accessible. Leisure and recreation facilities can also be found nearby.

Particularly attractive for commuters is the excellent transport connection. Via the A40, the Bochum city center as well as Essen, Gelsenkirchen, and other cities in the Ruhr area are quickly reachable. Additionally, Wattenscheid station and public transport ensure good regional connectivity.

Wattenscheid thus offers a combination of a mature residential location, good infrastructure, and short distances to important employer locations in the Ruhr area, providing a solid foundation for long-term rental suitability for investors.

Rental Subsidy Special Feature

The current base rent is €406.70 per month. For the first three years, the buyer additionally receives a rental subsidy totaling €4,050, which is paid out once after the purchase contract is completed.

This results in calculated earnings of around €519 per month and thus a gross rental yield of approximately 7%. After three years, the further rental development can be reassessed.