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Historic property with 3 apartments, offering beautiful views.
In der Märtschelt 8, 56812 Cochem – Rheinland-PfalzA property with development potential.
This historic property, dating back to 1898, is located in Cochem, offering views of Reichsburg Castle. Over the decades, the building has been continuously maintained and modernized. Today, it presents itself as a well-maintained multi-family building with three self-contained apartments, generous ancillary spaces, and a plot of land that offers potential for various uses. Whether as a long-term investment, as a combination of personal use and rental income, or as a prospective development project in the touristically significant Moselle Valley, this property offers diverse opportunities.
Property overview:
Year of construction: 1898
Plot size: 376 m²
Total living area: 262 m²
3 self-contained apartments
2 garage spaces
Garden: approximately 100 m²
Living area breakdown:
Ground floor: 95 m²
First floor: 89 m²
Attic floor: 78 m²
Ancillary spaces:
Cellar: approximately 114 m²
Attic: approximately 61 m²
The property consists of three self-contained apartments, each with three rooms, a bathroom with a bathtub and shower, and a functional layout. The house has been maintained and technically renovated over decades. The structure is well-maintained and solid, with some areas already modernized, while others intentionally allow for individual customization. A particular feature of this property is the view of Reichsburg Castle in Cochem. The castle dominates the house's panorama and gives each of the three apartments its own unique character. Details of the apartments:
Ground floor – 95 m²
- 3 rooms
- Bathroom with bathtub and shower
- Large terrace (approx. 32 m²)
- Direct view of Reichsburg Castle
- Currently rented
- The ground floor apartment offers a particularly high standard of living due to its spacious terrace and is suitable for both owner-occupiers and high-quality rentals.
Upper floor – 89 m²
- 3 rooms
- Bathroom with bathtub and shower
- Balcony (approx. 7 m²)
- Unobstructed view of Reichsburg Castle
- Newly renovated
- Available immediately
- This apartment is the most flexible unit in the house and is ideal for owner-occupiers or as a starting point for future alternative uses. Attic Apartment – 78 m²
- 3 rooms
- Bathroom with bathtub and shower
- View of Reichsburg Castle
- Currently rented
- The attic apartment offers an attractive layout and a view of Cochem's Reichsburg Castle. It is currently rented and serves as a third independent living unit within the building. Garden & Outdoor Areas:
Behind the house, there is a garden of approximately 100 m², offering a sheltered outdoor space with various uses. The garden complements the house with a green area and creates additional space for leisure and relaxation. Combined with the spacious terrace on the ground floor and the balcony on the upper floor, it creates an attractive interplay between indoor and outdoor spaces.
Are you interested in this house?
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Object Number
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OM-452365
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Object Class
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House
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Object Type
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Multi-family house
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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655.000 €
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Purchase additional costs
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approx. 41,336 €
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Total costs
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approx. 696,335 €
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Breakdown of Costs
* 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
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Estimated monthly rate: 2,424€
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Details
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Condition
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Well-kept
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Number of floors
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3
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Number of garages
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2
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Flooring
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Carpet, Tiles, Vinyl / PVC
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Heating
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Floor heating
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Year of construction
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1898
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Equipment
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Balcony, Terrace, Garden, Basement, Shower bath, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
- Three separate gas-fired heating systems:
- Ground floor: 2019
- Upper floor: 2016
- Attic: 2024
- Double-glazed windows
- Energy performance certificate available
- Well-maintained building structure
- Two parking spaces in the basement
- Spacious basement area (approximately 114 m²)
- Attic space suitable for conversion (approximately 61 m²)
Location
Cochem is one of the most well-known and popular towns on the Moselle River in Germany. The historic old town, the Reichsburg castle, and the Moselle landscape make the town a desirable location for both living and tourism.
The property is located in a well-established residential area with good access to the old town, the Moselle promenade, as well as shops and restaurants.
The region is characterized by viticulture, tourism, and a stable demand for both residential and vacation properties.
Location Check
Energy
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Energy certificate type
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Demand certificate
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Main energy source
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Gas
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Final energy demand
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174.00 kWh/(m²a)
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Miscellaneous
For Investors:
The property offers a solid foundation for long-term investors. Two of the three residential units are currently rented, and one apartment is vacant and can be immediately occupied or re-rented. The existing leases have been in place for many years and do not reflect current market rates, creating opportunities for improvement and increased value in the medium to long term. Additionally, the prepared structure for a future completion certificate allows for a flexible layout and potential individual sale of units.
For Owner-Occupiers:
The property offers a rare combination of owner-occupation and additional financial stability. The recently renovated apartment on the top floor is immediately available and is ideal as a primary residence. At the same time, the other two residential units provide a continuous source of income, allowing for a meaningful combination of living and investing. Development Potential (Holiday Rental & Structuring):
The location in Cochem, along with the view of Reichsburg Castle, offers – subject to compliance with public and private regulations – interesting possibilities for future use in the holiday rental sector. The existing structure, with its three self-contained living units, provides a suitable starting point for this. Furthermore, preparations have already been made for the creation of a certificate of separate ownership. The declaration of division can be flexibly designed after acquisition, allowing the attic and basement areas to be individually assigned.
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