House for sale • 308 m² without real estateNeumünster Neumünster Schleswig-Holstein 24534

This attractive multi‐family house, built around 1888, combines historical charm with solid construction and presents an interesting opportunity for investors. The listed ensemble, consisting of a front house and a rear house, offers stable rental income, good rentability, and possibly interesting tax advantages within the framework of monument preservation.

The front house comprises a total of four compact residential units – two on the ground floor and two on the upper floor – ideally suited for singles or couples. The popular apartment sizes ensure consistently high demand. The roof renovation was carried out to a high standard and, together with modern dormer insulation, provides a solid energy basis and preserves the property’s value. The attic (with a floor area of approximately 80 m²) currently offers two spacious storage rooms, providing further potential for conversion. Connections for heating, electricity, fresh water, and wastewater are already in place.

In the front house, the current net cold rents are as follows:

• Ground floor, right: €280 (index rent, rental agreement from 09/2019)

• Ground floor, left: €228 (comparable rent, rental agreement from 05/2004)

• Upper floor, right: €275 (index rent, rental agreement from 11/2022)

• Upper floor, left: €305 (index rent, rental agreement from 05/2020)

In the rear house, there is one apartment on each floor. A large loft as well as a shared storage room on the ground floor are available to the tenants, providing practical storage space. The current net cold rents in the rear house are:

• Ground floor: €150 (rental agreement from 03/2011)

• Upper floor: €295 (rental agreement from 11/2023)

• Attic: €250 plus €25.56 for the rented garage (rental agreement from 04/2005)

The total annual net cold rent currently amounts to approximately €21,700.

The well-maintained property is idyllically situated right on the Schwaale in the heart of Neumünster. The property impresses with its large garden area, which residents enjoy – some even have their own garden pavilions. A lockable bicycle storage area and a covered garbage bin area contribute to the tidiness of the property. A rented garage and three to four additional outdoor parking spaces provide added convenience for tenants and support the excellent rentability. Furthermore, the size of the property – subject to planning permission review – potentially offers further development potential.

The heating is currently provided by a gas heater from 2006. According to Neumünster’s municipal utilities, there is also the possibility of connecting the building in the future to the expanded district heating network.

Overall, this property offers a solid base for long-term rental income with potential for value appreciation. The current average rent is only around €260 per unit and about €5.80 per m² of living space – a comparatively low level for this central inner-city location with a large garden. This provides room for market-oriented development with future modernizations and re-lettings.

Neumünster – Centrally Located, Excellently Connected

In the heart of Schleswig-Holstein lies the independent city of Neumünster, traditionally regarded as an important economic center and key transport hub. With around 80,000 residents, it is the fifth-largest city in the state after Kiel, Lübeck, Flensburg, and Norderstedt.

One of Neumünster’s greatest advantages is its excellent transport connections: the city is located directly on the A7 motorway as well as along federal roads B205 and B430. The state capital Kiel is only 30 kilometers away, and Hamburg can be reached in about 65 kilometers. The city is also very well connected by rail – the routes between Hamburg, Kiel, and Flensburg run directly through the city, making it an important hub on the way to Scandinavia.

The Schwaale flows through Neumünster, merging with the Stör to the south. Particularly attractive is that the Schwale runs right past the garden, giving the property a natural charm. In the north of the city, the Einfelder See and the Dosenmoor invite residents to enjoy nature. The Baltic Sea resorts of the Lübeck Bay are reachable by car in just over an hour, while the North Sea coast is about one and a half hours away.

Neumünster combines a manageable, nature-connected living environment with proximity to the diverse offerings of the Hamburg metropolitan region, the state capital Kiel, and the popular Baltic Sea coast – a balanced combination that guarantees both quality of living and working conditions.

The property is situated in the best downtown location, right in the center of Neumünster. Daily necessities, supermarkets, bakeries, and numerous specialty stores are only a few steps away and easily accessible on foot. Schools, kindergartens, and childcare facilities are located nearby, ensuring short distances in everyday family life. Additionally, doctors, pharmacies, and other essential service providers are available on-site.

The pedestrian zone, with its cafés, restaurants, and small boutiques, offers a lively atmosphere and invites leisurely strolls. Regular weekly markets and events add variety. The nearby train station and excellent public transport connections ensure quick access to surrounding districts as well as to the neighboring cities of Kiel and Hamburg.

Thanks to its central location, residents enjoy urban living with all its conveniences – while parks, green spaces, and the nearby Schwale offer many opportunities for relaxation right in the city.

Equipment with Potential and a Solid Basis

The apartments are presented overall in a functional, well-maintained condition, with equipment that varies according to the state of renovation. Essentially, all bathrooms are tiled, while the living areas feature laminate, PVC, or carpet flooring.

In the front house, targeted modernizations have already been carried out in recent years:

• The apartment on the ground floor at the right was comprehensively modernized in 2017 and offers a contemporary standard.

• The apartment on the ground floor at the left features a simple but well-maintained standard with PVC and laminate floors; the bathroom and kitchen were partially renewed there in 2024.

• In the upper floor on the right, the laminate flooring was replaced in 2018.

• The apartment on the upper floor at the left received a new fitted kitchen and also new laminate flooring in 2020.

In the rear house, the condition is mixed:

• The ground floor area is currently not rented out as a separate unit, but is used as an extension and hobby room by the tenants of the attic apartment – presenting long-term potential for reconfiguration.

• The apartment on the upper floor was comprehensively renovated in 2023: the bathroom, electrical system, and flooring were renewed, while the kitchen modernization is currently underway.

• The attic apartment is in a well-maintained, tidy condition and is valued by its tenants.

With this solid equipment, the property offers a stable rental basis – while at the same time providing the possibility, through targeted modernizations, to further enhance the living quality and generate additional rental income in the long term.

Out of respect for the privacy of the current tenants, no current images of the apartment are available.

The heat supply is currently provided by a gas heater from 2006; according to Neumünster’s utility provider, there is also the possibility to connect the building in the future to the planned expanded district heating network.

With its solid equipment, the property offers a stable foundation for renting – while simultaneously providing the potential, through targeted upgrades, to further increase the living value and generate additional rental income over time. The spacious garden not only contributes to high residential quality but could also, subject to planning permission, offer further development potential.

Broker inquiries are not desired and will not be processed.

The property description in the exposé is provided for initial information only and is not to be understood as a specification in the context of the purchase contract. Deviations remain reserved. In particular, the information regarding living and usable areas is to be regarded as approximate due to the building’s history and must be verified by the buyer. The provided information does not constitute any guarantee.

All details in the exposé have been compiled with the utmost care, but are based on the seller’s information and are provided without any warranty. Liability for the accuracy and completeness of the information is excluded.

Corrections:

The information regarding the garage rent has been corrected (22.07.2025).