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Cologne South: Buy below market value and secure significant potential for rental increases!
Wormser Str. 49, 50677 Köln (Innenstadt) – Nordrhein-WestfalenProperty Description:
Located in one of the most desirable and vibrant areas of Cologne – the Cologne South district – we offer an exclusive selection of apartments as part of a subdivision project. Out of a total of 31 units, 12 apartments have already been successfully sold, which highlights the high attractiveness of this property. The available apartments offer custom-designed layouts with living areas ranging from approximately 35 m² to 116 m², and from 1 to 4 rooms, catering to a wide range of potential buyers – from single apartments to spacious family homes. The entire property has been recently renovated and is in excellent condition. The stairwell and hallways have been freshly painted and equipped with modern lighting. In addition, all apartments benefit from new, highly efficient, triple-glazed plastic windows, which provide excellent energy performance, insulation, and soundproofing. A top-quality investment with exceptional potential for appreciation.
The apartments are currently let to reliable tenants under solid lease agreements. The current average rental income is approximately... While the price of 9 EUR per square meter is already below the current market level, the seller has opted for an exceptionally attractive selling price of approximately 4,850 - 5,200 EUR per square meter. Furthermore, regular modernization and maintenance work has been carried out on the units. For comparison, comparable apartments in the desirable southern district of Cologne are currently fetching around 6,000 - 7,500 EUR per square meter. For you, as a buyer or investor, this represents an immediate price advantage below the current market value, and therefore an ideal opportunity to get started.
Enormous potential for rental income and appreciation.
For forward-thinking investors, this situation offers significant development potential:
* Potential for increasing existing rental income: Take advantage of the legal framework to gradually adjust existing rental rates to the prevailing market level.
* Profitability with new rentals: In the southern district of Cologne, it is currently possible to achieve new rental rates of up to 22 EUR per square meter with tenant turnover – a significant lever for your future rental yield. Sustainable retirement planning: Whether you're laying the foundation for your children's future home or seeking an attractive retirement residence in one of Cologne's most popular districts, this property combines prime location with enduring value. Key features at a glance:
- Excellent location: Cologne's Südstadt (high demand, first-class infrastructure)
- Apartment sizes: 35 m² to 116 m² (1 to 4 rooms)
- Attractive purchase price: approximately €4,850 - €5,200 per m² (market value of comparable properties: approximately €6,500 per m²)
- Modernized condition (see also details regarding fixtures and fittings)
- High potential for rental income: Current average rent of approximately €9 per m² compared to potential new rents in Südstadt of up to €22 per m²
- Sales progress: 12 out of 31 units have already been successfully sold.
- Sold directly by the owner, without commission.
Take advantage of this rare opportunity to invest in Cologne's Südstadt at a price below market value and benefit from the dynamic nature of this prime location in the long term!
Are you interested in this apartment?
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Object Number
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OM-350794
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Object Class
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Apartment
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Object Type
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Apartment
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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295.000 €
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Purchase additional costs
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approx. 23,566 €
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Total costs
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approx. 318,566 €
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HOA fee
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200 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 1,162€
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Details
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Condition
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Well-kept
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Number of floors
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5
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Level
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1st floor
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Usable area
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4 m²
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Bathrooms (number)
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1
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Bedrooms (number)
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1
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Flooring
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Parquet, Laminate, Tiles
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Heating
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Floor heating
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Year of construction
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1934
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Equipment
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Balcony, Basement
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
Highlights of the apartments:
✅ Long-term, very favorable rental agreements – All apartments are solidly rented, ensuring immediate income.
✅ High ceilings – Some apartments feature ceilings up to 3.20 meters high, offering classic old building charm.
✅ New windows – High-quality, triple-glazed Schuco windows with an integrated ventilation system have been installed in all apartments.
✅ Bright bathrooms – Welcoming, light-filled bathrooms with natural light.
✅ Balconies – Most apartments have a south-west-facing balcony.
✅ Optimal layout – Efficient room arrangement; some apartments are even ideal for shared living arrangements.
✅ Gas central heating – Each apartment independently controls its consumption, allowing for individual heating cost billing.
✅ Insulated facades – Energy-efficient exterior walls help to reduce heat loss.
✅ Modernized stairwell – New plaster, paint, and lighting with motion sensors enhance comfort and security.
✅ 12 out of 31 units have already been sold.
Location
High quality of living: Cologne's Südstadt district offers an urban atmosphere with numerous cafés, restaurants and shopping opportunities
Excellent transport connections: the subway, bus and main train station are all within easy reach
Attractive tenant structure: constant demand from professionals, students and expats
Location Check
Energy
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Final energy consumption
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170.86 kWh/(m²a)
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Energy efficiency class
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F
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Energy certificate type
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Consumption certificate
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Main energy source
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Gas
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Wormser Str. 49 Geschosspläne
Miscellaneous
A T T E N T I O N:
Please note that inquiries will only be answered if you provide your complete contact information (name, address, phone number, email).
Furthermore, please be aware that I can only respond to inquiries from INVESTORS. Please explicitly confirm this in your request.
Inquiries from individuals seeking to purchase for personal use are possible, provided you are aware that there is a statutory waiting period of 8 years (in Cologne) before such a property can be used for personal purposes.
To protect the privacy of potential tenants, we request that you provide proof of financing (e.g., a financing certificate or evidence of equity) before scheduling a viewing appointment.
"There are no vacant properties available for immediate occupancy."
No inquiries from real estate agents. Unsolicited contact from real estate agents constitutes an unacceptable form of harassment under § 7 para. 2 No. 1 UWG and will not be answered.
THANK YOU FOR YOUR UNDERSTANDING.
- Subject to change -
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Send a message directly to the seller
Questions about this apartment? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Eigentümer: Herr Das
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