Flat for sale 3+1 • 53 m² without real estateErdkamp 1 Braunschweig Waggum Niedersachsen 38110

Attractive, fully gut-renovated 3-room apartment on the first floor of a solidly built multi-family house (built in 1966) in Braunschweig-Waggum. The apartment has been rented out for the first time since the renovation in 05/2024 and is in excellent condition. It is ideally suited as a solid investment with stable rental income.

€690.00 net cold rent per month / €8,280.00 net cold rent per year

Key Data

Address: Erdkamp, 38110 Braunschweig-Waggum

Living Area: approx. 53 m²

Rooms: 3

Floor: 1st floor

Year Built: 1966 (solid construction)

Cold Rent: €690 per month

Annual Net Cold Rent: €8,280

Service Charge: approx. €226 per month (including ground rent)

Ground Lease: term until 2060

Ground Lease Fee Component: only €11.63 monthly

Energy Efficiency Class: B

Quiet and green residential location in Braunschweig-Waggum, a well-established district with a pleasant neighborhood and good infrastructure. The location combines relaxed living in a green environment with good access to downtown Braunschweig.

Shopping facilities, doctors, schools, and kindergartens in the immediate area

Good accessibility to the A2 motorway as well as important federal roads

Close proximity to major regional employers, making it attractive for long-term, sustainable tenancy

The surroundings are characterized by quiet residential streets, fields, and plenty of greenery, ideal for leisure and relaxation

The apartment was completely gut-renovated and modernized to a high standard in 2024.

First rental after renovation (05/2024) €690.00 net cold rent per month / €8,280.00 net cold rent per year

New electrical system throughout the apartment

Walls and floors renewed, modernly wallpapered and finished to a high standard

Daylight bathroom

Balcony with a view of the greenery

Private basement storage room

Centralized electricity meter in the basement

Water pipes in the building largely renewed

Building

Facade insulated

Roof already renewed

Verandas renovated

Main entrance door modernized

Features (very good for listing as bullet points)

Energy Efficiency Class B (low energy consumption)

Reliable tenant since 05/2025 with a long-term rental intention

Solid investment with stable returns

Existing ground lease until 2060

No maintenance arrears

Note Regarding the Property: The property was built on a ground lease plot. With ground lease, you purchase the apartment or the building, not the land. The use of the land is regulated long-term by the ground lease and is secured in the land register. For this, a ground lease fee is charged.

Important for those unfamiliar with the model: In practice, this is very transparent and foreseeable because the ground lease runs until 2060 and the ground lease fee is already included in the service charge. The fee component for this apartment is only €11.63 per month. As a result, this aspect is "set" for the coming decades and plays hardly any role in the ongoing costs.

After the expiry of the term (from 2060), the further contractual design, especially the amount of the ground lease fee, will be renegotiated and adapted to the then prevailing conditions. Until then, the conditions are clearly regulated and calculable.

Combined with the very attractive purchase price, this creates the opportunity for an above-average attractive return, which is rarely possible in this region.