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Attractive 3-room apartment in the historic district.

48153 Münster (Geist) – Nordrhein-Westfalen
203.000 €
3
Room
59.76 m²
Living Area
Private offer
Apartment

The property consists of 7 apartments and 2 parking spaces. The two owners of the ground floor apartments do not have access to the private gardens. Each apartment has its own storage room in the basement.

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

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

* Construction of a bicycle parking area (2024)
* Installation of a video intercom system (2024)
* Replacement of the front door (2024)
* Construction of a garden fence (2024)
* Optimization of the heating system (2020)

Due to the partial division of the property into individual apartments in 2024, there is a small reserve fund for maintenance. However, no major renovation work is planned for the next few years.

Are you interested in this apartment?

Object Number
OM-455246
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
203.000 €
Purchase additional costs
approx. 16,488 €
Total costs
approx. 219,488 €
HOA fee
239 €

Breakdown of Costs

Purchase price 203.000 €
Real estate transfer tax 13,195 € (6.50%)
Notary costs 2,185 € (1.08%)
Land register entry 1,109 € (0.55%)
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: 797€

More accuracy in a few seconds:

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 3.89%

Details

Condition
Rehabilitated
Number of floors
3
Level
2nd floor
Heating
Central heating
Year of construction
1952

Information on equipment

The apartment, which is for sale, has an area of 60 square meters and consists of 3 rooms, all of which are accessible separately, making it suitable for renting to students as a shared accommodation. The rooms range in size from 12 to 18 square meters. The kitchen, approximately 10 square meters in size, is inviting. Most of the rooms have laminate flooring. The bathroom, renovated in 2010, features a shower, a toilet, and a sink. Ventilation is provided through a window. The apartment, which is being offered for sale, has been rented to a tenant since 2002, and the rent has always been paid on time. One of the rooms is currently sublet by the tenant. The annual rent is €4,939, which corresponds to a very low price per square meter of €6.89, offering significant potential for rent increases. The monthly service charges (Hausgeld) are €239. The operating costs (Betriebskosten) that are not included in the service charges are €102 per month, of which €39 is allocated to the maintenance reserve. An eviction notice based on personal use (Eigenbedarfskündigung) can be served at the earliest after 8 years. If the apartment were to be newly rented, a rental price of at least €13 per square meter would be easily achievable due to the good layout and location in the "Geistviertel" (cultural district). This would correspond to a net cold annual rent of €9,360.

Location

The location is situated in the Geistviertel district and belongs to the Mitte city district. Nestled between the Aaseestadt, Südviertel, Mecklenbecken, and Berg Fiedel, 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 bicycle paths. Shops for daily needs, 6 schools, and 6 daycare centers, as well as medical services and shopping opportunities, are located in the immediate vicinity, particularly along 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 drinking water reservoir for over 100 years, until 2017. Typical 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 its most significant development in Münster. The formerly independent farming community of Geist gave the district its name. The name "Geist" or "Geest" refers to the elevated and 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 only 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

PDF

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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