Flat for sale 2+kk • 64 m² without real estateDürerstraße 47 Bielefeld Bielefeld Nordrhein-Westfalen 33615

Modernized 2.5-Room Apartment Near the University with Garage

For sale is an attractive, extensively modernized 2.5-room raised-ground-floor apartment with approximately 64 m² of living space, comprising a living room, bedroom, spacious dining hall, balcony, and basement storage room.

The apartment is currently still rented and will become vacant on January 1, 2027. It is therefore equally suitable for owner-occupiers and investors.

The spacious dining hall forms the heart of the apartment and provides ample room for an attractive dining area.

The living area offers a pleasant view of the greenery and direct access to the balcony.

The apartment is situated in a popular area of Bielefeld with good connections to the university and university of applied sciences. This makes the location attractive to both owner-occupiers and investors.

Shops for everyday needs, doctors, a pharmacy, and other amenities are located nearby. Public transport connections are also good, making many destinations easily accessible.

Its proximity to the higher education campus ensures short travel distances and appeals to a broad range of potential tenants. At the same time, the location offers a pleasant quality of life, good infrastructure, and quick access to Bielefeld city center.

Extensively Modernized—not Merely Refurbished on the Surface

Modernization of the apartment began in 2024 and was completed in 2025. Today, the apartment is in a well-maintained and contemporary condition.

Numerous technical and cosmetic features were replaced or upgraded as part of the modernization work, including:

* Fuse box

* New electrical outlets and switches

* Tankless water heater

* Radiators

* Water pipes within the apartment

* Drainage pipes within the apartment

* Modern shower room

* Wood-effect vinyl flooring

* Interior doors

* Replacement of the previously unmodernized bedroom windows and balcony door

* Extensive painting and refurbishment work

Additional features include a spacious dining hall, a balcony, a private basement storage room, and a garage.

The purchase price for the garage is an additional €10,500 on top of the apartment’s purchase price.

The documented remodeling costs totaled €32,703.13. In addition, a considerable amount of work was carried out by the owner.

This means that many of the typically expensive tasks associated with an existing apartment have already been completed.

Today, the apartment is in a well-maintained and modern condition, offering the major advantage that the buyer will not first have to arrange and finance extensive renovation work.

The property is being sold privately, with no commission payable by the buyer. No additional buyer’s commission will be charged.

The modernization of the apartment was fully completed in 2025. The buyer will therefore not be responsible for any outstanding modernization work from this package of measures. There will also be no need to coordinate contractors or supervise construction work, and no exposure to the associated risk of subsequent price increases.

Of particular interest to owner-occupiers: The existing tenancy ends on December 31, 2026. The apartment will therefore be available for owner-occupation from January 1, 2027.

Particularly Attractive to Investors

The apartment is currently rented under the following terms:

* Net rent excluding utilities for the apartment: €768 per month

* Garage rent: €60 per month

* Total net rent excluding utilities: €828 per month

* Annual net rent excluding utilities: €9,936

* Apartment rent: €12.00/m²

* Gross rental yield: approximately 4.74%, based on the total asking price of €209,500, including the garage

Since November 1, 2026, the monthly service charge has been €292. This includes a contribution of €39.33 to the maintenance reserve.

The apartment’s share of the ground rent is currently approximately €37.14 per month and is already included in the service charge.

Previously Achieved Rent as an Additional Advantage

The net rent excluding utilities of €768 per month was calculated when the apartment was re-let, taking into account the rent cap applicable in Bielefeld and the modernization measures previously carried out.

Under Section 556e(1) of the German Civil Code (BGB), a lawfully payable previous rent may generally be taken into account up to its previous amount when the property is subsequently re-let if it exceeds the rent that would otherwise be permitted.

The rent already achieved—€768 or €12.00/m²—therefore represents an additional economic factor for investors.

Hereditary Building Right

The hereditary building right runs until December 31, 2071. Under this arrangement, no corresponding share of the land is acquired with the property. Depending on its tax classification, this may be of interest to investors. If the apartment is rented out, the ongoing ground rent may also be relevant for tax purposes as an income-related expense.

Documentation relating to the previous tenancy, modernization work, and hereditary building right is available.