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Newly renovated apartment, very well let, 4.5% rental yield

Godramsteiner Str 1, 76829 Landau (Landau in der Pfalz) – Rheinland-Pfalz
108.000 €
1
Room
24 m²
Living Area
Private offer
Apartment

The property on offer is a 1-room/kitchen/bathroom apartment in a student residence centrally located in Landau and only a few hundred meters from the university campus.
The apartment is 24 square meters in size and is divided into an entrance area, a main room with floor-to-ceiling window, French balcony and view of the greenery, a separate kitchen with kitchenette and a tiled bathroom with washbasin, toilet and shower cubicle. The apartment is in a freshly renovated condition. It has been newly wallpapered, all room doors, sockets and switches have been renewed and the shower and bathroom floor have been newly tiled. The kitchenette is also new.

The apartment is rented to a student who is expected to study at the University of Landau for at least another three years. The net rent is €405/month. This results in a very attractive gross rental yield of over 4.5% for Landau and especially for the condition of the apartment (average for new rentals according to the Homeday price atlas: 3.7%). The student's father is included in the tenancy agreement as additional security. There are no rental disputes.

Are you interested in this apartment?

Object Number
OM-402399
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
108.000 €
Purchase additional costs
approx. 7,323 €
Total costs
approx. 115,322 €
HOA fee
40 €

Breakdown of Costs

Purchase price 108.000 €
Real estate transfer tax 5,400 € (5.00%)
Notary costs 1,267 € (1.17%)
Land register entry 656 € (0.61%)
Broker commission 0€ (0%)

* 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: 423€

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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.87%

Details

Condition
Renovated
Flooring
Tiles, Vinyl / PVC
Heating
Central heating
Year of construction
1990
Equipment
Balcony, Shower bath, Fitted kitchen

Information on equipment

The non-apportionable portion of the house rent is €40.
The property's maintenance reserve amounts to around €200,000. The renewal of the heating system was recently discussed. The decision on this is in the final stages and it will probably come down to a central heat pump or a solution with split air conditioning units. In both cases, the house will be heated 100% with renewable energy in the future, which solves the issues of 'banning fossil fuels' and 'passing on the CO2 price to the landlord'.
The special levy resulting from the heating renovation will still be borne by me as the seller

The property is an excellent investment due to the following points:
- Very good rentability, as student residences are very popular with students and the university is only a few hundred meters away
- There is a janitor who takes care of the property and minor repairs in the apartments
- Student halls of residence are a special form of housing in which many rental restrictions do not apply. For example, neither the restrictions of the rent index nor the rent freeze apply and tenants can only give notice at the end of the semester.
This makes it easier to adjust the rent and facilitates re-letting,
as there is always particularly high demand at the start of the semester.

Location

Location Check

Health
750m
Child Friendliness
Shopping
200m
Eating Out
50m
Nature
400m
Sports
550m
Nightlife
50m
Culture
700m
Public Transport
100m

Energy

0 25 50 75 100 125 150 175 200 225 ≥250
Energy efficiency class
B
Energy certificate type
Demand certificate
Main energy source
Gas
Final energy demand
70.00 kWh/(m²a)

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Miscellaneous

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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