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Apartment building in Schneverdingen as a capital investment

Ottostraße 36, 29640 Schneverdingen – Niedersachsen
820.000 €
386 m²
Living Area
762 m²
Plot Area
Private offer
Apartment building or investment property
Apartment building

The multi-family house for sale at Ottostraße 35 in Schneverdingen offers an ideal investment opportunity in an attractive residential area. The house consists of a total of 6 apartments and is situated on a spacious plot of 762 square meters. The total living area is 386 square meters, with an additional 125 square meters of usable space in the basement. The property, including the four apartments on the ground floor and first floor, was completed in 1972. The attic, with two further apartments, was converted in 1979/1980.

The property offers ample space and includes a well-maintained garden, as well as six parking spaces directly at the house and 4 more around the corner on Rosenstraße, available for the residents. A bicycle storage area complements the offering and provides additional convenience.

Are you interested in this offer?

Object Number
OM-412431
Object Class
Apartment building or investment property
Object Type
Apartment building
Handover from
By arrangement

Purchase price & additional costs

purchase price
820.000 €
Purchase additional costs
approx. 51,328 €
Total costs
approx. 871,328 €
Price per m²
1,865.00 €
Operating costs allocated p.a.
6,600 €
Non-allocatable operating costs p.a.
700 €

Breakdown of Costs

Purchase price 820.000 €
Real estate transfer tax 41,000 € (5.00%)
Notary costs 6,831 € (0.83%)
Land register entry 3,498 € (0.43%)
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: 3,061€

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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 3.60%

Details

Condition
Well-kept
Year of last modernization
2022
Number of floors
3
Level
2nd floor
Total area
511 m²
Other areas
125 m²
Number of parking lots
12
Net rental income (target) p.a.
38460 €
Net rental income (actual) p.a.
38460 €
X-times rental income
19.00
Number of units
6
Flooring
Parquet, Laminate, Tiles, Vinyl / PVC
Heating
Central heating
Year of construction
1972
Equipment
Balcony, Garden, Basement, Full bath, Shower bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The property is in good condition. Various renovations have been carried out, including the replacement of the gas boiler in 2020 and the installation of an air-to-water heat pump for heating domestic water. A new energy performance certificate from 2024 is available, indicating an energy efficiency class of D. In 2022, a new entrance door with an intercom and mailbox system was installed. Furthermore, apartments have been renovated and partially equipped with new windows. A detailed property brochure, a breakdown of the investments, floor plans, and further information can be provided upon request. Example investor calculation:
Financial assumptions:
• Purchase price: €820,000
• Equity: €200,000
• Debt: €620,000
• Interest rate: 3.5%
• Amortization: 2.0%
• Total annuity: 5.5%
• Reserve contribution: €10/m²/year (market standard)
Income, expenses, and results:
• Annual net cold rent: €38,460
• Annuity (620,000 € × 5.5%): €34,100
• Reserves (386 m² × €10/m²): €3,860
• Positive cash flow: €500 per year. Equity return:
• Without appreciation, without amortization: 0.25% per year.
• Including amortization: 6.45% per year.
• Including appreciation (2% per year): 14.65% per year.
Conclusion for investors:
Even at a purchase price of €820,000, the property offers a positive cash flow, attractive equity returns, and a total return of up to 14–15% per year. This makes it a solid and long-term profitable investment in Schneverdingen.

Location

The property is in a very attractive location in Schneverdingen. Centrally located, yet quiet and green, supermarkets, pharmacies, doctors, schools and the popular Heidegarten are all within easy walking distance.

Location Check

Child Friendliness
150m
Nature
300m
Health
600m
Shopping
400m
Eating Out
350m
Sports
500m
Culture
700m
Nightlife
350m
Public Transport
150m

Energy

Final energy consumption
102.00 kWh/(m²a)
Energy efficiency class
D
Energy certificate type
Consumption certificate
Main energy source
Gas

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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Offer from: Andreas Smailus