Well-let, 70 square meter apartment in Bochum-Wattenscheid – a solid property with potential for improvement.

For sale is a 2-room apartment with a living area of 70.22 m², located on the first floor of a well-maintained apartment building in Bochum-Wattenscheid. The apartment stands out for its unusually spacious layout: the living and dining area alone measures 31.31 m², which is exceptionally large for a two-room apartment. In addition, there is a bedroom of 15.94 m², a separate kitchen of 11.06 m², and a hallway of 6.32 m², which provides a clear separation between the rooms. The bathroom has a window, providing natural ventilation – a feature that is not always common in buildings of this era. The apartment includes a storage room in the basement. The building dates back to 1954 and comprises a total of eleven apartments. The condominium process is complete, and the certificate of completion from the city of Bochum is available. The building has been continuously maintained over the years – for example, the gas system has been sealed, several units have been completely rewired, and the rear area of the property has been redesigned. Currently, the expansion of the attic into two additional residential units is in the approval phase, which enhances the overall value of the property. A new homeowners' association has been established. This means a fresh start for the buyer: no outdated resolutions, no ongoing legal proceedings, and no inherited disputes from the past. The maintenance reserve is already funded with €11,000 and is not tied to any specific projects – the association is free to decide how to use these funds. The apartment has been reliably rented for many years. The net cold rent was recently adjusted and is currently €359.00 per month, which is €5.11 per square meter. This unit generates a stable income from day one, without the buyer initially having to invest in rent adjustments or repairs. Based on the purchase price, this results in a gross rental yield of approximately 4.4 percent. It should be noted that the rent increase limit has been initially exhausted due to the recent adjustment. In addition, there is an opportunity to purchase a garage or parking space on the property along with the apartment. Both properties are included in the same notarized purchase agreement, eliminating the need for an additional notary appointment. Please feel free to contact us if you are interested. The price per square meter is noticeably lower than the local average. Those seeking a manageable property size with reliable income and low capital investment will find that this property operates effectively without requiring significant upfront investment. Note regarding the photos: The images show the actual property. The furniture belonging to the tenant has been digitally removed to protect her privacy. Nothing has been altered regarding the condition, layout, or fixtures. Regarding tenant protection: After being leased to the tenant, the property was converted into a condominium. Therefore, the termination restrictions outlined in § 577a of the German Civil Code (BGB) apply: The buyer can only terminate the lease based on personal need or for the purpose of realizing the property's value after a minimum of three years from the registration of the ownership transfer in the land register. Bochum is not subject to the North Rhine-Westphalia tenant protection regulations; therefore, the statutory minimum period of three years applies, and there is no extended termination restriction. Furthermore, the tenant is entitled to a statutory right of first refusal under § 577 BGB during the first sale after the conversion. Therefore, this property is explicitly suitable as an investment property and not for personal use. In terms of energy efficiency, the building is classified in efficiency class C with a final energy consumption of 96.4 kWh/(m²·a) – a value above average for the year it was built.

The apartment is located in Bochum-Wattenscheid, a well-established residential area in the west of the city, bordering Gelsenkirchen and Essen. The surrounding area is characterized by small-scale residential buildings – a down-to-earth location with a stable tenant base, which is exactly what is sought for an investment property of this size.

All daily necessities are easily accessible on foot: the nearest general practitioner is located approximately 450 meters away, and a pharmacy is about 590 meters away. Supermarkets and discount stores can be reached in just a few minutes. A primary school is located approximately 760 meters away, and a secondary school is about 1.2 kilometers away.

The excellent transport links are the real advantage of this location: the nearest bus stop is located about 220 meters away, and the nearest highway entrance is reachable in about three minutes by car. Via the A40 motorway, Essen, Gelsenkirchen, and the center of Bochum are all easily accessible in a short drive – a radius that covers the entire central Ruhr area labor market. This excellent accessibility, combined with a relatively low rental level, ensures a reliable demand for rental apartments.