Flat for sale 3+1 • 55 m² without real estateElbstraße, , Schleswig-Holstein

This fully renovated 3-room apartment on the 3rd floor of a well-maintained multi-family house (built in 1958) in Wedel offers investors a modern, sustainably tenanted investment opportunity with a solid yield.

The apartment, which spans approximately 55 m², impresses with its efficient layout featuring three well-utilized rooms. As part of the comprehensive renovation, new flooring was installed, all doors including frames were replaced, all walls were re-plastered and repainted, and the shower bathroom was modernized to a high standard. A new fitted kitchen with Bosch appliances completes the offering.

The apartment is rented from March 1, 2026, at a monthly cold rent of €1,050. With a purchase price of €220,000, this results in an annual cold rent of €12,600 and a gross yield of approximately 5.73%.

The monthly service charge is €265 and includes operating, heating, and reserve costs. Approximately €198 of these costs can be passed on to the tenant.

As of December 2024, the owners’ association’s maintenance reserve was around €348,000, underlining the solid financial foundation of the residential complex.

The sale is private and commission-free for the buyer.

This modernized investment property, with secured income, clear financial structure, and sustainable value retention, represents an attractive option.

The apartment is located on the sought-after Elbstraße in Wedel, right at Hans-Böckler-Platz. Just about 30 meters away is the “Wedel, Hans-Böckler-Platz” bus stop, which is served by several lines such as 189, 601, and 621, offering quick connections to the Wedel S-Bahn station (line S1), which is reachable in about a 5-minute walk. The S-Bahn runs every 10 minutes during the day and connects Wedel directly with Hamburg-Blankenese, Altona, and the main train station in approximately 25 to 35 minutes – ideal for commuters.

The location stands out due to its quiet, central residential quality alongside excellent transport connections. Families will appreciate the many nearby childcare facilities, such as the Evangelical Day Care Center Christus (approximately 280 m away), as well as several schools of all levels, including Altstadtschule, Moorwegschule, Johann-Rist-Gymnasium, and Gebrüder-Humboldt-Schule, all conveniently accessible.

Shopping options for everyday needs, including supermarkets, bakeries, and pharmacies, are within walking distance (approximately 160 m). Wedel’s city center, which offers additional shops and services, is about a 10-minute walk away. For larger purchases, the Elbe Shopping Center in Hamburg-Osdorf is available and also well-connected.

The location is further enhanced by diverse leisure opportunities in the nature-rich surroundings along the Elbe, with dike paths, the Willkomm-Höft, a marina, and additional recreational areas. Overall, Elbstraße 78 offers an excellent combination of urban infrastructure, peaceful living, and superb transport connections.

The high quality of life and the strong demand for housing in Wedel ensure excellent rentability, making the property appealing both as an investment and for owner-occupancy.

As part of the complete renovation, all walls were re-plastered and repainted, high-quality flooring was installed, and all doors including their frames were replaced. The bathroom was also completely modernized and now features a new shower, a new washbasin, and a new toilet executed in a contemporary style. In addition, three out of five radiators were replaced. The modern fitted kitchen with Bosch brand appliances harmoniously complements the overall high-quality impression.

The modernized shower room has been equipped with new tiles, a toilet, a washbasin, and a towel radiator. The apartment is located on the 3rd floor of a well-maintained building dating from 1958 (without an elevator). A balcony extension is already in the planning stages.