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Attractive 3-room apartment with balcony and cellar compartment in the Geistviertel district

48153 Münster (Geist) – Nordrhein-Westfalen
230.000 €
3
Room
67.40 m²
Living Area
Private offer
Apartment

Please, no real estate agent inquiries.

The property consists of 7 apartments and 2 parking spaces. The private gardens are reserved for the owners of the ground-floor apartments. Each apartment has a separate storage room in the basement.

The apartment building was constructed in 1952 and has been continuously maintained. In 1988, the attic was converted, and the roof was replaced.

The building is in good structural and energy-efficient condition, with an energy efficiency class of D, and has been continuously maintained. The most recent modernization measures within the last 5 years include:

* Construction of a bicycle storage area (2024)
* Installation of a video intercom system (2024)
* Replacement of the front door (2024)
* Construction of a garden fence (2024)
* Heating system optimization (2020)

Due to the division of the property into individual apartments in 2024, there is a small maintenance reserve fund. However, no major renovation work is planned for the next few years. The monthly service charge is €271. The operating costs that are not included in the service charge are €109 per month, of which €39 is allocated to the maintenance reserve fund.

Are you interested in this apartment?

Object Number
OM-428342
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
230.000 €
Purchase additional costs
approx. 18,556 €
Total costs
approx. 248,555 €
HOA fee
271 €

Breakdown of Costs

Purchase price 230.000 €
Real estate transfer tax 14,950 € (6.50%)
Notary costs 2,395 € (1.04%)
Land register entry 1,211 € (0.53%)
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: 862€

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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 3.62%

Details

Condition
Well-kept
Number of floors
3
Level
1st floor
Heating
Floor heating
Year of construction
1952

Information on equipment

The apartment, with a total area of 67.40 square meters, consists of 3 rooms, all of which are separately accessible and could therefore be rented out as a student shared apartment. The rooms range in size from 12 to 20 square meters. The kitchen, with approximately 11 square meters, is inviting. Furthermore, the apartment boasts a south-facing balcony accessible from the kitchen. Most of the rooms have laminate flooring. There is ample storage space in a private cellar compartment.

The apartment, which is for sale, has been rented to a young couple since the end of 2022, and they have always paid the rent on time. The rent amounts to €7,080 per year (€8.75 per square meter). No further rent increases have been implemented since they moved in.

If the apartment were to be re-rented, a rental rate of at least €13 per square meter would be achievable. This corresponds to a net annual cold rent of €10,599.

Location

The location is in the Geistviertel district and is situated in the Mitte district of the city. Nestled between the Aaseestadt, Südviertel, Mecklenbett, and Berg Fiedel areas, the district enjoys a very central location. From here, the following destinations can be easily reached in a few minutes (by bike/car):
* Prinzipalmarkt (10 min / 12 min)
* Aasee lake (11 min / 9 min)
* Main train station (10 min / 8 min)
* A43 and A1 highways (21 min / 10 min)
The proximity to Hammerstraße further emphasizes the central location. Numerous bus lines (1, 5, 9, N82) operate from here, and the city center is ideally accessible via the well-developed network of bike paths. Shops for daily needs, 6 schools, and 6 kindergartens, as well as medical facilities and shopping options, are located in the immediate vicinity, particularly on Hammerstraße. Furthermore, the Clemenshospital is located in the Geistviertel. The landmark of the district is the water tower, which was inaugurated in 1902 and served as a water reservoir for over 100 years, until 2017. A typical feature of Münster: there are 5 churches located solely in the Geistviertel. Approximately 10,000 people live here. The district is very young, and many students reside there. Roughly 52% of the population are younger than 39 years old. The Geistviertel district was created between 1921 and 1931, following the First World War. During this period, the district experienced the most significant construction and development in Münster. The formerly independent farming community of Geist gave the district its name. The name "Geist" or "Geest" refers to the high, dry gravel ridges characteristic of the Münsterland region. The Geistviertel is characterized by predominantly small apartments, and the average household size is smaller than the Münster average. For example, approximately 80% of households consist of apartments with 1-2 rooms. The unemployment rate among people aged 15-64 is 3.31%, which is slightly below the Münster average.

Location Check

Shopping
Sports
Eating Out
Public Transport
Health
Nightlife
Child Friendliness
Culture
Nature

Energy

Final energy consumption
111.00 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: F. Hausswald