Flat for sale 3+1 • 68 m² without real estateMünster Geist Nordrhein-Westfalen 48153

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The condominium owners’ association consists of 7 condominiums and 2 parking spaces, with the private gardens being reserved exclusively for the two owners of the ground-floor apartments. Each condominium is assigned a separate storage room in the basement.

The multi-family house was built in 1952 and has been continuously maintained. In 1988, the attic was expanded and the roof was re-covered.

Structurally and energetically, the property is in an acceptable condition with an energy efficiency rating of D and has been regularly maintained. The most recent modernization measures within the last five years were:

• Construction of a bicycle parking area (2024)

• Installation of a video intercom system (2024)

• Renewal of the front door (2024)

• Erection of a garden fence (2024)

• Heating system optimization (2020)

Due to the division of the property into individual condominiums in 2024, only a small maintenance reserve is available. However, no major renovation measures are planned in the coming years. The monthly service charge amounts to €271. The non-apportioned operating costs total €109 per month, of which €39 are allocated to the maintenance reserve.

The location is part of the Geistviertel district in the Mitte borough. Nestled between Aaseestadt, Südviertel, Mecklenbett, and Berg Fiedel, the district is very centrally located. From here, you can reach the following destinations within a few minutes (by bicycle/car):

• Prinzipalmarkt (10 min/12 min)

• Aasee (11 min/9 min)

• Main train station (10 min/8 min)

• A43 and A1 (21 min/10 min)

The proximity to Hammer Street underscores the central location. Several bus lines (1, 5, 9, N82) depart from there, and the city center is easily accessible via the developed bicycle path.

Convenience stores, 6 schools and 6 kindergartens, medical services, and shopping opportunities can be found in the immediate vicinity – particularly along Hammer Street. In addition, the Clemenshospital is located in Geistviertel. A landmark of the district is the water tower, inaugurated in 1902, which served as water storage for over 100 years until 2017. Typical of Münster: there are 5 churches in Geistviertel alone.

Nearly 10,000 people live here. The district is very youthful, with many students residing there. Approximately 52% of the population is younger than 39 years.

The Geistviertel was developed after World War I, between 1921 and 1931, during which the district experienced Münster’s most significant building boom. The incorporated rural community of Geist gave the district its name. The name “Geist” (or “Geest”) refers to the high and dry gravel-sand ridges of Münsterland.

Geistviertel is characterized predominantly by small apartments, and the average household size is lower than that of Münster as a whole. For example, 1-2 room apartments make up approximately 80% of all households.

The unemployment rate among people aged 15 to 64 is 3.31%, which is slightly below the Münster average.

The apartment for sale, measuring 67.40 m², consists of 3 rooms that can all be accessed separately – making it suitable for rental as a student flat share. The rooms range in size from 12 to 20 m². The kitchen, at approximately 11 m², invites you to linger. Additionally, the condominium boasts a south-facing balcony that is accessible from the kitchen. In most rooms, laminate flooring has been installed. There is ample storage space in a private cellar compartment.

The condominium offered for sale has been rented since the end of 2022 to a young couple who always pay the rent punctually. The rent amounts to €7,080 per year (8.75 €/m²). No further rent increases have been applied since move-in.

If the apartment were newly rented, a rate of at least €13 per m² could be achieved. This corresponds to an annual net cold rent of €10,599.