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For sale by owner: Bright, 2-room apartment, completely renovated (2022/2023), centrally located.

22525 Hamburg (Eidelstedt)
285.000 €
2
Room
60 m²
Living Area
Private offer
Apartment
Ground floor apartment

The apartment for sale, currently vacant, is located in a well-maintained apartment building constructed in 1962. The building comprises a total of nine apartments and, due to its manageable size, offers a pleasant and peaceful living environment. The apartment includes a private storage room in the basement, providing additional space. A particular highlight is the recently renovated balcony. The original balcony was removed and replaced with a spacious, sunny balcony, which provides the apartment with an attractive outdoor area that enhances its living quality. As part of the balcony renovation, further construction work was necessary. For example, the access to the basement at the rear of the building was renovated to ensure continued safe and comfortable access. In addition, the glazing in the stairwell was replaced. The building has also undergone significant energy-related improvements. In 2005, a thermal insulation composite system (TICS) was installed, which significantly improved the energy efficiency of the building's exterior. In addition, the property features double-glazed plastic windows. The building is heated by an oil-fired central heating system installed in 2006. The final energy consumption, as indicated in the energy performance certificate, is 136.2 kWh/(m²·a), corresponding to energy efficiency class E. Overall, the property presents itself as a solid residential building with modernization and maintenance measures already carried out, as well as an energy-efficient building envelope. Of particular note are the redesigned, spacious balcony, the improvements already made to the communal areas, and the manageable size of the residential complex, which comprises only nine units.

Are you interested in this apartment?

Object Number
OM-502075
Object Class
Apartment
Object Type
Ground floor apartment
Is occupied
Occupied
Handover from
Immediately

Purchase price & additional costs

purchase price
285.000 €
Purchase additional costs
approx. 19,703 €
Total costs
approx. 304,703 €
HOA fee
250 €

Breakdown of Costs

Purchase price 285.000 €
Real estate transfer tax 15,675 € (5.50%)
Notary costs 2,666 € (0.94%)
Land register entry 1,363 € (0.48%)
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: 1,212€

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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 4.38%

Details

Condition
Rehabilitated
Number of floors
3
Level
Ground floor
Usable area
60 m²
Bathrooms (number)
1
Bedrooms (number)
1
Flooring
Other (see text)
Heating
Central heating
Year of construction
1962
Equipment
Balcony, Basement, Full bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

This apartment is ideally suited for personal use as well as being an attractive investment property. It is being sold in the modernized and well-maintained condition shown in the pictures, and thanks to the comprehensive renovation, it provides an excellent foundation for long-term and sustainable use. A particular feature of the apartment is its bright and airy living environment. The good natural light and the spacious balcony ensure that the living spaces are pleasantly illuminated, creating a welcoming and open feeling. The apartment underwent a comprehensive and high-quality renovation in 2022/2023. This renovation went beyond simply modernizing the bathroom; the entire apartment was completely overhauled. Almost every area was renewed or completely redesigned. Investments were made in every room, from the electrical wiring and flooring to the walls and kitchen. The existing doors were professionally refurbished and renovated. The renovation work included, among other things:
- Complete renewal of the electrical wiring
- High-quality new flooring throughout the apartment. Modern and durable click-vinyl/parquet flooring
Complete bathroom renovation, including tiles, fixtures, sanitaryware, and electrical work
New fitted kitchen
All rooms have been extensively renovated and redesigned
Walls completely refurbished and repainted
Refurbished and renovated interior doors
Comprehensive painting and renovation work throughout the apartment
As a result, the apartment is now almost entirely in a new and modern condition after the renovation. The work carried out is documented with corresponding invoices, making the significant investments transparently traceable. The well-designed layout includes an inviting entrance area with a hallway, two well-proportioned bedrooms, a spacious and particularly bright living room with direct access to the newly designed, large balcony, a modern kitchen, and the completely renovated bathroom. The communal areas have also been upgraded in recent years through various measures, including:
Year of construction: 1962
Oil-fired central heating system (installed in 2006)
Existing external thermal insulation composite system (ETICS) Redesigned and spacious balcony
Newly landscaped lawn area
Renovated staircase glazing
Freshly painted staircase
Private cellar room
It is particularly worth noting the combination of the comprehensive renovation of the apartment, the bright and welcoming living environment, the spacious balcony, and the modernization measures already carried out on the communal areas. For investors, this property offers an attractive starting point, as the modern and almost new interior creates a contemporary living standard that supports long-term rental potential. At the same time, the apartment is ideal for owner-occupiers seeking a comprehensively modernized home without the need for immediate renovations. The combination of a completely modernized interior, a spacious balcony, good natural light, and the improvements already made to the building makes the apartment an attractive property for both owner-occupation and sustainable investment.

Location

The property is located in Eidelstedt, a well-established and dynamically developing district in the Eimsbüttel district of western Hamburg. The district is characterized by its excellent infrastructure, its established residential areas, and its superb transport links, making it an attractive location for both owner-occupiers and investors. Numerous shops and services are available nearby to meet daily needs. Supermarkets, convenience stores, and other services are easily and conveniently accessible. The educational and childcare facilities are also comprehensive: kindergartens and all types of schools are located in the immediate vicinity and can be reached within minutes. A particular advantage of the location is its excellent connection to public transportation. Various bus lines, as well as the AKN and S-Bahn, provide a quick connection to the Hamburg city center and the surrounding districts. The Altona district of Hamburg, for example, can be reached in approximately 10 minutes by S-Bahn (suburban train), while Hamburg Central Station is reachable in about 20 minutes. Eidelstedt also offers an excellent starting point for those traveling by car. Due to its proximity to the Hamburg-Northwest motorway junction, there are quick connections to the A7 and A23 motorways. This makes both the Hamburg city center, as well as the surrounding areas and destinations outside the region, easily accessible. Eidelstedt thus combines the advantages of an urban living environment with an excellent transportation infrastructure and short distances to shopping facilities, educational institutions, and workplaces. The combination of good accessibility, established infrastructure, and ongoing development makes the district an attractive and consistently sought-after residential area within Hamburg.

Location Check

Public Transport
Shopping
Sports
Eating Out
Health
Culture
Child Friendliness
Nightlife
Nature

Energy

Final energy consumption
136.20 kWh/(m²a)
Energy efficiency class
E
Energy certificate type
Consumption certificate
Main energy source
Oil

Miscellaneous

Existing Rental Agreement – Ongoing Income
A particular advantage for investors: The apartment is currently rented and already generates ongoing rental income. The current monthly rental arrangement is as follows:
Net rent (cold rent): €980.00 per month
Advance payment for operating costs: €125.00 per month
Advance payment for heating costs: €125.00 per month
Total payment by the tenant: €1,230.00 per month
Annual net rent: €11,760.00
Therefore, the buyer acquires an apartment that is already rented and modernized, with an existing cash flow. This makes the property particularly attractive to investors who prioritize an immediate and easily verifiable rental income. The specific gross rental yield can be determined individually based on the purchase price. Crucially, the buyer is not simply acquiring a property with theoretical rental potential, but rather an apartment with an existing rental agreement and ongoing income. Location with Long-Term Prospects
In addition to the current rental income, the development of the location is particularly relevant for a long-term real estate strategy. Eidelstedt benefits from its integration into the Hamburg real estate and labor market, its excellent transportation infrastructure, and its proximity to established residential and commercial areas. The Eimsbüttel district also pursues long-term development goals, focusing on the further development of existing neighborhoods and the creation of additional housing potential. The district's current housing development program includes approximately 9,100 potential housing units across 101 sites, with plans extending to 2029 and beyond. From an investor's perspective, the property combines several key factors:
Existing property + comprehensive modernization + existing rental agreements + attractive outdoor space + established residential location in Hamburg. The extensive renovation that has already been carried out significantly reduces the need for short-term renovations within the property and creates a modern standard of living. At the same time, the existing rental agreements provide an immediately understandable income stream. For a long-term investor, the combination of ongoing rental income, potential for long-term rental growth, and the potential appreciation of the Hamburg residential location may be attractive. Any future rental growth should always be assessed in light of current rental laws, the lease agreement, and specific comparable rental rates. Overall, this is a comprehensively modernized and tenanted apartment within a manageable residential complex, offering an attractive long-term investment profile. This property allows investors to consider both current income and potential future development of the location and living space when making their investment decision.

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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Offer from: Familie Hansson