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Freshly renovated apartment, currently very well let, offering a rental yield of 5%.

Godramsteiner Str 1, 76829 Landau (Landau in der Pfalz) – Rheinland-Pfalz
97.000 €
1
Room
24 m²
Living Area
Private offer
Apartment

The property offered is a one-room apartment with a kitchen and bathroom, located in a student residence in the center of Landau, just a few hundred meters from the university campus.

The apartment is 24 square meters in size and comprises an entrance area, a main room with a floor-to-ceiling window, a French balcony, and a view of greenery, a separate kitchen with a kitchenette, and a tiled bathroom with a sink, toilet, and shower cubicle. The apartment is in excellent, newly renovated condition. It has been freshly wallpapered, all interior doors, sockets, and switches have been replaced, and the shower and floor in the bathroom have been retiled. The kitchenette is also new.

The apartment is currently rented to a trainee in geriatric care. The net cold rent is €405 per month. This results in a very attractive gross rental yield of 5% for Landau, and especially considering the condition of the apartment (average for new rentals according to the Homeday price atlas: 3.7%). 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
97.000 €
Purchase additional costs
approx. 6,714 €
Total costs
approx. 103,713 €
HOA fee
40 €

Breakdown of Costs

Purchase price 97.000 €
Real estate transfer tax 4,850 € (5.00%)
Notary costs 1,235 € (1.27%)
Land register entry 629 € (0.65%)
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: 391€

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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 4.05%

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-deductible portion of the monthly service charges is €40. The property's maintenance reserve fund is approximately €200,000. Most recently, a decision was made to replace the heating system. Starting in May, a heat pump will be installed to generate heat. This means that the building will be heated entirely by renewable energy in the future, effectively resolving the issues of "prohibition of fossil fuels" and "imposition of the CO2 price on the landlord." Currently, an energy performance certificate exists, with a rating of D (based on the current gas heating system from 1990). After the heating system upgrade, the rating is expected to improve to B or C due to the calculation methodology of the heat pump.

The property is an excellent investment for the following reasons:
- Very high rental potential, as student residences are very popular among students, and the university is only a few hundred meters away.
- There is a caretaker who manages the property and handles minor repairs in the apartments.
- Student residences are a unique form of housing where many legal restrictions do not apply. For example, neither the rent control regulations nor the rent cap apply, and tenants can only give notice at the end of the semester. This makes it easier to adjust the rent and facilitates re-renting, as there is always particularly high demand at the beginning of each semester.

Location

Location Check

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