Flat for sale 1 bedroom • 31 m² without real estateEilbeker Weg 39 Hamburg Eilbek Hamburg 22089

This bright, attractive, and fully modernized (also senior-friendly) one-room apartment with underfloor heating is located on the third floor of a very well-maintained four-story multi-family house in the popular Hamburg-Eilbek district. An elevator provides convenient access to the apartment, the basement, the underground garage, as well as the laundry room with a coin-operated washing machine and dryer.

The apartment impresses with its central location, very good transport connections, a spacious, partly covered southeast-facing balcony with a storage room, and an underground parking space that can be rented separately. Additionally, a non-visible, completely enclosed storage room in the basement, about 4 m² in size with its own door – located directly opposite the elevator – is available for separate rental.

The comparable rents here are among the highest in Hamburg. Due to the complete modernization, the rent control regulations do not apply for new leases.

The residents’ advisory board performs an excellent job both for the complex and the condominium owners' association.

The apartment is situated in the popular Eilbek district, centrally and conveniently located east of the Hamburg Alster, 250 meters from the U1 "Ritterstraße" station, and just four stops from Hamburg’s city center. A bus to the Wandsbek–Quarree shopping center stops right at the front door.

The on-site garden area, the Eilbeker Auen, and other nearby green spaces invite you to enjoy walks and relaxation.

On the ground floor of the complex, there is a minimarket with a DHL post office branch open on Sundays. An ice cream cafe and the café “Würfel und Zucker,” which offers around 3,000 board, table, and card games, are located in the neighboring building.

Various restaurants, snack bars, the TH Eilbeck sports club, and medical practices are also in the immediate vicinity.

• 1-room apartment, 31 m²

• Wide, bright window front

• Spacious, partly covered southeast-facing balcony, approximately 1.55 x 3.65 meters, with a separated area of about 1.55 x 0.85 meters

• Open kitchen area, new kitchen planned

• New bathroom with a shower

• Hot water provided by a new instant water heater

• New electrical wiring throughout the apartment

• New high-quality interior doors

• New, particularly high-quality vinyl flooring

• Underfloor heating (extremely low consumption costs due to the apartment’s central location)

• Separate storage room in the basement, about 4 m², enclosed with its own access door. Thanks to two internally located heating pipes, the room remains warm and completely dry year-round.

• Underground parking space in the building

• Coin-operated laundry room in the building

• Elevator (to the front door, the underground garage, the storage room, and the laundry room)

• Spacious garden area behind the building

Economic Considerations:

• Sale without a broker – the apartment is sold directly by the owner

• The apartment is vacant and not rented out

• The new kitchen is pre-planned, with all connections prepared for installation according to your preferences

• No rent control – due to the complete modernization, the rent control regulations do not apply for new rentals

• Attractive additional rental income is possible through furnished letting

• High comparative rent – the 2023 rent index (valid, presumably, until 2027) does not provide a value for the construction year 1982 in column L. Due to the property’s condition and apartment modernization, the figures in column O seem applicable: €13.55 - €21.17 net cold rent per m²

• Basement storage room of 4 m² is included in the purchase price – separately rentable (approx. €40-50)

• Underground parking space is included in the purchase price – separately rentable (typically €80-100)

• Monthly service charge (Hausgeld) – €302.25

• Property tax – new from 2025: €48.82 per quarter

• Minimal heating consumption – thanks to underfloor heating, the interior location, and insulated glazing

• Satellite dish installation on the balcony is possible

The market values for modernized/new apartments in the neighborhood are up to over €9,000 per m². For this apartment, I expect a market-appropriate purchase price of €8,000 per m² (including the underground parking space and storage room). Nevertheless, do not hesitate to make a lower offer if needed.

Viewings are available by appointment only.

The notary appointment will be scheduled only after a written financing commitment from a bank.