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 spacious feeling of two living levels. The apartment spans the second upper floor and the attic above it, offering a layout that clearly sets it apart from an ordinary apartment of this living space class.

The living area is approximately 60 m². Due to the sloping ceilings and the additional level, a significantly larger, practically usable floor area is actually available. The proportional gross floor area is about 93 m², which highlights the comparatively generous spatial extent including structural and ancillary areas.

On the second upper floor you will find the entrance area, the bathroom, the living room with kitchen area, and a spacious balcony. An internal spiral staircase accesses the attic, where there is a hallway, a bedroom, and additional storage areas, which are currently being used as a children's room. An individual basement storage room and a parking space complete the offer.

The apartment itself is in need of renovation and modernization. This represents an opportunity to redesign the layout, surfaces, kitchen, and bathroom according to one’s own ideas. The visualizations prepared for marketing purposes offer an example of the potential that can be unlocked through contemporary modernization.

Important: The need for modernization pertains only to the interior of the apartment. The communal building is kept in a well-maintained condition; there is no overall deferred maintenance of the building.

Suitable for owner-occupiers and investors.

The apartment is equally suitable for buyers who wish to create an individual home and for investors looking for a unit that is already rented out with development potential. For desired owner-occupation or in the case of an immediately planned renovation, the apartment can be handed over rent-free upon agreement if required.

Investment highlights at a glance.

Current net cold rent: €860 monthly

Annual net cold rent: €10,320

Gross rental yield at a purchase price of €195,000: approximately 5.29%

Purchase price factor: approximately 18.9

Service charge: €143 monthly

The residential environment is characterized by single-family houses, small multi-family buildings with open construction, as well as a vocational school. The surroundings overall convey a pleasant and well-established residential picture. Infrastructure facilities for daily needs are found in the nearby area and are easily accessible. The residential location in Elmshorn is rated as good to average, offering a solid combination of quiet living and good connections to the surrounding area as well as the Hamburg metropolitan region.