Flat for sale 1 bedroom • 39 m² without real estateBernhard-Letterhaus-Straße 2, , Lower Saxony

Purchase price 176,000 € for apartment and garage. Annual rent 9,000 €, factor 19.6, gross rental yield 5.11%. For you, commission-free.

A clear-cut entry into a turnkey investment: The one-room apartment with 38.50 m² on the 5th floor was freshly renovated in 2026 and has been rented since October 1. The lift stops directly on the floor. It comes with a garage that has its own land register entry. The apartment and garage are sold together only.

The tenant is a student. The net cold rent of 650 € is agreed as an indexed rent and develops with the consumer price index. One parent is liable as a co-tenant, and both parties waive termination until September 30, 2027. The apartment was rented out within two weeks after the start of the rental period. The garage is rented separately and is set at a net rate of 100 € per month.

For investors who focus on the after-tax result, the package is cleanly arranged. The purchase contract distinguishes between land, building, and the new fitted kitchen. This is a solid basis for your depreciation. The kitchen can generally be depreciated much faster than the building, and usually no real estate transfer tax applies to the kitchen portion. If you hold the apartment for more than ten years, a capital gain on sale is tax-free for private investors under current law. What this specifically means for you, please clarify with your tax advisor.

Ongoing costs: Service charge 159 € per month, including 45.60 € for the reserve fund. An additional 14 € per month applies for the garage. The community's maintenance reserve amounts to around 182,700 €.

The house is located at Bernhard-Letterhaus-Straße 2 in the Lüneburg district of Kaltenmoor. For renting, the connectivity is paramount here: The bus stop is located right in front of the building, and both the city center and Leuphana University are easily accessible without a car. This is exactly what students are looking for.

There are shops, doctors, and schools available in the district, and the garage facility is only a few steps from the house. Lüneburg is a Hanseatic city and university town with a direct rail connection to Hamburg. One-room apartments with a lift and loggia are accordingly in demand.

The apartment was freshly renovated in 2026:

+ New shower room with walk-in shower, flat shower tray and glass partition, overhead and hand-held shower, wall-mounted toilet, mirrored cabinet with LED lighting and towel radiator

+ Large-format tiles, light grey on the walls, anthracite on the floor, black fittings, washing machine connection in the bathroom

+ New fitted kitchen from Hano, Linea series, with glossy white fronts and Bosch appliances: induction hob, oven, dishwasher, built-in refrigerator with freezer compartment and wall-mounted oven

+ New design flooring in oak look in the living room, kitchen, hallway, and storage room

New electrical installation according to VDE 0100 with a new sub-distribution, Gira switches, and smoke detectors

+ In the bathroom, all cold, hot, and wastewater pipes have been renewed up to the communal risers and downcomers; in the kitchen, the existing supply lines have been inspected and retained

+ Newly painted walls and ceilings, doors lacquered in white, radiators repainted

+ Loggia facing the quiet west side with afternoon and evening sun and new floor covering

+ Storage room within the apartment, own basement compartment

+ Lift up to the apartment floor, laundry room, drying room, and bicycle storage in the building

+ District heating, energy efficiency class B

The garage is located in a covered collective garage facility just a few steps from the house: swing gate, interior dimensions of approximately 2.72 × 4.81 m, driving aisle 7 m wide.

Energy performance certificate: Consumption certificate, final energy consumption 71 kWh/(m²·a), main energy source district heating, built in 1972, energy efficiency class B.

How to proceed:

You will receive the detailed exposé with floor plan and all the figures. We are happy to answer your questions by phone or via video.

If desired, the complete set of documents will follow, including community documents, the rental contract without personal data, and the unedited original photos.

You can view the house and the garage facility from the outside at any time. We will gladly show you the garage.

If the package suits you, we will also show you the apartment in person. As it is occupied, we will coordinate the appointment considerately with the tenant.

Note about the photos: The images have been processed with AI to enhance their depiction, for example in terms of lighting, color, perspective, and retouching. The two kitchen photos are unedited. You will receive the unedited originals with the documents and can view them at any time.