2-room apartment – 4.5% yield, indexed rent, new kitchen, parking space, significant depreciation!

For sale is a recently rented 2-room apartment located at Sauerbruchstraße 29, 95447 Bayreuth. The apartment is on the 1st floor of a well-maintained apartment building with a total of 12 units and offers approximately 67-68 square meters of living space. The building was constructed in 1971.

The apartment has been rented since January 1, 2026. The current base rent is €890 per month, and an index-linked rental agreement is in place. This means the property offers the buyer immediate income from day one, as well as the potential for future rent adjustments based on the index. The apartment was renovated prior to the new lease. This included installing new vinyl flooring and a new kitchen. The bathroom was completely renovated in 2023. The windows were also replaced in 2015 and are double-glazed.

The layout is practical and easily rentable: a spacious living room with access to a balcony, a separate bedroom, a kitchen with a dining area, and a bathroom. The property also includes a parking space directly in front of the building and a storage room in the basement. The floor plan in the brochure clearly shows the classic and appealing layout of the 2-room apartment with a balcony. Yield / Investment
This apartment is clearly an attractive investment opportunity. With a monthly gross rent of €890, the annual net rent is €10,680. If we calculate based on a gross yield of 4.5%, the estimated purchase price is approximately €237,300. This property is therefore suitable for buyers looking for an already rented apartment with no initial vacancy risk. Another attractive aspect is the tax implications: A valuation report indicates a remaining useful life of 16 years for the property. This could result in increased depreciation potential for the building component, depending on tax recognition, the allocation between the building value and the land value, and the buyer's individual tax situation. This can further improve the net yield after taxes.

The apartment is located in the Meyernberg district of Bayreuth. The location offers a good combination of peaceful living and convenient access to amenities. There are shops, a kindergarten, a school, and a city bus stop nearby. From a landlord's perspective, this is also a solid location with good rental potential.