House for sale • 273 m² without real estate, North Rhine-Westphalia

ONE HOUSE – MANY POSSIBILITIES

This meticulously maintained and comprehensively modernized multi-family house (renovated throughout in 2023) combines on approximately 273 m² of total living area and a plot of about 551 m² everything discerning buyers are looking for: comfort, flexibility, and solid value.

FOR CAPITAL INVESTORS: YIELD & TAX ADVANTAGES

This property offers capital investors an exceptionally attractive overall package, featuring solid rental yield, demonstrable tax benefits, and limited market availability in Lechenich.

Rental yield at a glance:

• Annual net cold rent: €46,200

• Purchase price factor: approx. 20

• Gross rental yield: approx. 5.00%

A proven tax advantage: Depreciation (AfA) of 3.03% resulting from a remaining useful-life appraisal significantly enhances the after-tax yield as an investment.

Three completely separate residential units provide the ideal basis for various usage concepts. Whether used as a multi-generation home where the entire family lives under one roof yet enjoys privacy, as an investment property with attractive returns, or in a combination of owner occupancy and rental—the property offers you maximum flexibility in design.

The central location in Erftstadt-Lechenich, the most desirable and expensive district of Erftstadt, underscores the quality of this offer. In Lechenich, property availability is extremely limited, further supporting the asset’s value.

The sale is conducted commission-free by a private seller, saving you the usual agent fees of 3.57%—which amounts to a significant sum of approximately €33,000.

THE THREE RESIDENTIAL UNITS IN DETAIL

Ground Floor – approx. 108 m² – Spacious Living with Garden and Fireplace

The ground floor forms the heart of the house and impresses with its generous, open-plan living, dining, and kitchen area of approximately 45 m². A stylish open fireplace gives the space an especially cozy atmosphere, while decorative brick cladding adds a charming accent.

The apartment features three bedrooms (approx. 17 m², 11 m², and 11 m² including built-in closets), a shower room, and a separate guest WC, making it the ideal family residence. A spacious corridor provides additional room and design potential.

The absolute highlight is the large terrace of approximately 20 m² that leads directly into the private garden with a southeast orientation—a dream for families, garden enthusiasts, and those who enjoy convivial evenings.

Upper Floor – approx. 110 m² – Bright and Airy with Balconies and Attic

The apartment on the upper floor stands out for its clever layout and ample natural light. The spacious living room (approx. 25 m²) and the separate kitchen (approx. 14 m²) offer comfortable living space for couples and families.

Two large bedrooms (approx. 20 m² and approx. 18 m²), along with a generous entrance area and two corridors, complete the layout. A daylight bathroom (approx. 8 m²), two balconies (totaling approximately 8 m²), and a generous sun terrace with individual privacy (approx. 24 m²) round off this attractive apartment. An extra bonus is the usable attic space, which offers valuable storage or potential for development.

Basement – approx. 55 m² – The Flexible Unit

The independent unit in the basement presents a compact, fully functional home featuring a combined living kitchen (approx. 18 m²), a bedroom (approx. 18 m²), a bathroom with daylight, a storage room, and a hallway. With its separate access, this unit is ideal for a diverse range of usage concepts. Whether as an apartment for a younger generation, as a rentable commercial space (practice, office), or as an independent rental apartment, this unit offers maximum flexibility and contributes reliably to the overall yield. Moreover, if desired, the direct connection to the ground-floor apartment can be restored with little effort.

PRIME LOCATION IN ERFTSTADT-LECHENICH

Erftstadt-Lechenich is considered the most expensive and sought-after district of Erftstadt and has always been a preferred address in the southwestern Cologne suburban area. The charming historic old town, excellent local amenities, and family-friendly atmosphere make Lechenich a residential location with enduring appeal.

The rental market in Erftstadt-Lechenich is characterized by an extremely limited supply combined with high demand. Recently, rental rates in the Rhein-Erft district have risen by approximately +5.1%—the strongest increase in the Cologne/Bonn region.

The micro-location is set in a quiet, established residential neighborhood with excellent access to everyday infrastructure:

• Supermarkets, bakeries, drugstores, and pharmacies within walking distance

• Bus stop "Lechenich Schulzentrum" only about 200 m away

• Primary schools, kindergartens, and playgrounds in the immediate vicinity

• Quick access to highways A1 and A61

• Liblar train station with regional connections to Cologne

• Cologne/Bonn Airport just under 30 km away

• Excellent access to green spaces and recreational areas

The region’s economic centrality, its close proximity to the Cologne job market, and the high quality of life make this location attractive for both families and capital investors. Erftstadt boasts a below-average unemployment rate of 4.9%, offering a stable economic environment.

COMPREHENSIVE MODERNIZATION IN 2023

The house underwent comprehensive modernization in 2023 and now presents itself in a very well-maintained, contemporary condition. The modernization measures extended across nearly all aspects of the interior:

• Windows: Modern double glazing in all units

• Bathrooms: Complete renewal of all bathrooms

• Flooring: New, high-quality floor coverings in all areas

• Electrical Installation: All sockets, switches, as well as the main and sub-distribution boards have been renewed

• Interior Finishing: Extensive modernization of all interior areas, including high-quality interior doors

• Façade and Entrance: Attractively redesigned

• Outdoor Area: Redesigned with a high-quality video intercom system, mailbox setup, and a well-maintained front garden area

Additional features include:

• Video intercom system in all three residential units – providing both security and comfort

• Fiber-optic connection – offering future-proof high-speed internet available for all parties on request

• Wallbox preparation – the infrastructure for electromobility is already in place

• Oil heating system from 2004 – reliable and fully functional

• Solid construction with reinforced concrete ceilings – ensuring enduring structural integrity for generations

• Fully basemented

• Ample storage space in all units

Year of construction: originally built in 1969, extended in 1991, and comprehensively modernized in 2023. The listing’s reference to “1980” on the portal is an averaged figure since only one construction year can be registered.