Flat for sale 2+kk • 60 m² without real estate, Lower Saxony

Offered is a 2.5-room top-floor apartment with approximately 60 m² of living space in an old building from the early 20th century at Schützenplatz in Lüneburg. The property is sold commission-free, directly from the owner.

The apartment was completely renovated in 2026. The electrical installation, water pipes, windows, radiators, and floor coverings were all renewed. The bathroom was completely rebuilt. In addition, complete energy-efficient insulation was applied to the sloping roof surfaces, the floor/ceiling, and the exterior walls. This means that for years to come, there won’t be any issues with the private property.

THE ECONOMIC OVERVIEW

- Purchase price: €249,000

- Calculated net cold rent: €900 per month

- Calculated annual net cold rent: €10,800

- Factor (calculated): 23.1

- Gross rental yield (calculated): 4.34%

- Monthly homeowner’s charge: €220, which includes a €33 contribution to the maintenance reserve

- Annual property tax: €106

- Handover: ready for occupation

Heating and hot water are provided by a gas central heating system from 2021, and the associated costs are passed on to the tenant through the additional cost advance payment.

THE HOMEOWNERS’ ASSOCIATION

The condominium owners’ association consists of five residential units and two commercial units. As of 2025, the maintenance reserve amounted to €41,071, of which €4,139 is attributed to this unit. The building is in well-maintained condition; special assessments for major measures on the communal property have not been decided upon and are not planned.

RENTAL AND OWNER OCCUPANCY

After the renovation has been completed, the apartment is vacant and will be handed over ready for occupation. This means both immediate move-in and first rental on freely negotiable terms are possible—without being bound by an existing lease.

Even a furnished rental is very feasible at this location and can result in achievable rents exceeding the calculated approach. Should you wish to pursue this option, we will support you with furnishing and equipment, independent of the purchase price and as a separate offer.

The property is located at Schützenplatz in Lüneburg. The city center and main train station are within walking distance. Local amenities, doctors, and service providers are in the immediate vicinity.

Lüneburg is a Hanseatic city, a university town, and a district town with around 78,000 inhabitants. The Metronom train takes about 30 minutes to reach Hamburg’s main station. Commuters, students, and singles ensure a permanently stable demand for rentals. This underpins the calculated rent.

The apartment is located on the top floor and is accessible over three flights of stairs without a lift. Ceiling heights of approximately 3.00 to 3.30 m in the living room and bedroom emphasize the old building character.

A newly laid oak parquet floor highlights the character of the rooms. The original paneled doors, the rounded arch finishes over the windows, and a historic wooden column in the study have been preserved. The new bathroom features a window, a bathtub, designer fittings, and underfloor heating. A second underfloor heating system is installed in the study.

The separate kitchen is fully connected and will be handed over without built-in appliances, allowing you to design it as you wish. In addition, there is a private utility room of approximately 2.5 m² with a washing machine connection and its own window, a cellar storage compartment, and a bicycle parking facility. There is no balcony.

Mandatory information according to GEG: Energy performance certificate, energy consumption value of 120 kWh/(m²·a), primary energy source gas, construction year according to the energy certificate 1960, energy efficiency class D. The values refer to the entire building. The actual consumption of this apartment is likely to be significantly lower following the energy-efficient renovation.

All information is provided to the best of our knowledge without guarantee. Please, no inquiries from brokers.