Flat for sale 3+1 • 84 m² without real estateSiemensstraße 41 Bamberg Bamberg Bayern 96050

The offered condominium at Siemensstraße 41 in Bamberg presents an interesting prospect for both investors and owner-occupiers. Currently, the apartment is used as a furnished shared apartment (WG) and is fully rented. At the same time, it impresses with a highly functional floor plan, an open living concept, and a balcony, making it also suitable for buyers who are considering owner-occupation in the medium term.

The apartment has approximately 84.0 m² of living space and is currently rented out room by room under an all-inclusive model. The rent includes electricity, heating, water, internet, furnishings, and the full equipment of the apartment. For investors, this results in an already established and well-managed rental concept with ongoing income.

The current net cold rent amounts to €1,423 per month, or €17,078 per year. The current warm rent stands at €1,760 per month. Based on the purchase price of €319,000, this results in a gross rental yield of approximately 5.4% and a purchase price factor of about 18.7.

The monthly service charge for the apartment is €422, which includes around €190 allocated for reserves. Additionally, there are currently approximately €67 for electricity and €28 for internet. Taking into account further property-specific costs, including a parking space fee of around €24, the total ongoing costs amount to roughly €541 per month. In comparison, the current warm rent of €1,760 leaves an amount of about €1,219 before financing and taxes.

As of December 31, 2023, the community’s total reserves amounted to €748,845, of which approximately €15,011 is allocated to the apartment.

Additionally, a remaining useful life appraisal is provided, which in the calculation example is based on an increased depreciation rate of approximately 3.3% p.a. This can improve the tax situation for investors.

Particularly interesting for investors is the already implemented rental structure. For owner-occupiers, the apartment offers a spacious and functional layout with three separately usable rooms, an open living, dining, and kitchen area, a bathroom, a separate toilet, and a balcony.

The apartment is located at Siemensstraße 41 in Bamberg in a well-connected residential area with solid infrastructure. Daily shopping facilities, public transportation, and other everyday amenities are easily accessible.

The location is characterized primarily by its practicality for daily life. This is a key advantage of the site: short distances, good access to services, and convenient connections within Bamberg. This is attractive both for rental purposes and for potential later owner-occupation.

Bamberg shows a continuous demand for housing from various user groups. In addition to students and trainees, this includes career starters, project staff, as well as individuals with flexible or temporary housing needs. At the same time, the property is also suitable for buyers looking for a well-designed apartment with a balcony for owner-occupation due to its size and layout.

The apartment is offered furnished and is currently geared towards immediate use as a WG rental. Part of the existing concept includes the nearly new furnishings, a fully equipped kitchen, and an already established all-inclusive rental model.

The features include, in particular, the furnishing of the rooms, the design of the communal areas, and the fitted kitchen. In addition, the overall package also includes a cellar, an elevator, and a parking space.

For investors, it is particularly advantageous that the apartment does not need any preparatory work before being rented out. At the same time, the floor plan also provides an interesting starting point for owner-occupiers, as the apartment is designed to be open, functional, and versatile in its use.