Rented apartment in Essen, WE176 | 6.5% gross yield | Factor 15.4 | No commission | Package option available.

The rented apartment is located on the top floor of the residential building at Bäuminghausstr. 153 / Kleine Hammerstr. 55–57 in Essen-Altenessen, and offers approximately 30.41 square meters of living space spread over two levels. The living and dining area is illuminated by skylights. An internal staircase leads to the mezzanine level, which can be used as a separate bedroom or workspace. The apartment also includes a small kitchenette and a tiled shower room. The kitchenette will be sold as part of the property; a separate allocation of the purchase price is possible. The apartment has been rented to a student since August 2022, and the rent payments are made on time. This complies with the usage regulations outlined in the property declaration. The security deposit is held in a separate account and will be transferred to the buyer. The building was constructed in 1991 and is heated by district heating. It features two passenger elevators, a resident caretaker with an office in the building, and a shared laundry room with app-based control. The property includes 120 parking spaces, which can be rented separately; the revenue from these rentals is included in the building maintenance fees. The subway station Bamlerstraße (U11, U17) is approximately 450 meters away. From there, it's one stop to the Universität am Campus Essen station and about 5 minutes to the main train station. The apartment is being sold directly by the owner, without any realtor fees. The property details include a complete return on investment calculation, as well as a transparent overview of all relevant points regarding the condominium (usage regulations according to the declaration of division, basement waterproofing, insurance, reserve fund). All documents are available via a Dropbox link.

KEY FIGURES:
Living space: 30.41 m² on two levels
Location in the building: Top floor (attic)
Cold rent: 404.00 EUR/month
Annual cold rent: 4,848 EUR
Condominium fees: 231.00 EUR/month (Budget proposal for 2027: 242.00 EUR)
Of which, not included in the rent: 57.00 EUR/month (Proposal for 2027: 54.95 EUR)
Cold rent minus non-included condominium fees: 347.00 EUR/month
Purchase price: 74,900 EUR
Price-to-rent ratio: 15.4
Gross rental yield: 6.47%
Net rental yield on the purchase price: 5.56%
Net rental yield on the total investment (including purchase ancillary costs): approximately... 5.1%
Year of construction: 1991
Heating: District heating
Energy performance certificate: Consumption certificate
Energy performance value: 99.70 kWh/(m²*a)
Energy efficiency class: C
Currently rented: Yes, since August 2022 to a student.
Commission: None.
PACKAGE OPTION:
In the same building, there is also a rented 1-room apartment, unit WE53, with 23.84 m² and a cold rent of €328 (available from November 1, 2026), which is also for sale (individual price: €59,900). If both apartments are purchased together, the package price is €124,900 instead of €134,800, representing a package discount of €9,900, and including lower ancillary costs, a total saving of approximately €10,700. The combined annual cold rent is €8,784. This corresponds to a gross rental yield of 7.03% and a net rental yield on the total investment of approximately 5.5% (individually, approximately 5.1%).

The apartment is located very close to the University of Duisburg-Essen. There are shops, restaurants, and public transportation options nearby. The compact size of the apartment and its proximity to the university make it particularly appealing to students, apprentices, and young professionals.