Almost 7% return - Rented 2-room apartment with rental subsidy included, potential depreciation of 4%, and no commission fees.

For sale: Rented 2-room apartment with 59 m² of living space on the 3rd floor in Bochum-Wattenscheid, commission-free.

This is a 2-room apartment with 58.73 m² of living space, located on the 3rd floor of an apartment building in Bochum-Wattenscheid. Both the living room and bedroom are generously sized, approximately 18 m² each, and offer views of greenery. The separate kitchen, measuring 11 m², has enough space for a dining table, and the bathroom has a window. The apartment has its own gas-powered central heating system and a storage room in the basement. It is located on the top habitable floor; the attic above is currently being renovated, which will improve the insulation. A parking space in the courtyard can be purchased for an additional €5,000.

Rental Information:
The apartment has been rented since May 2022. The base rent was adjusted in 2026 to €401.70 and is currently paid at that rate. You are purchasing an apartment that generates rental income from day one. Rental Subsidy, Explained Simply:
Because the rent was recently adjusted and a further increase is not possible for several years, we, as the sellers, will provide you with a rental subsidy of a total of €4,000 for the first three years. This is an additional €111.11 per month, for a total of 36 months, on top of the rent. The rental income for the first three years is €512.81 per month, which represents a 6.91% return on the purchase price. From the fourth year onwards, the regular rent continues (6.42% return, as of today). The subsidy is included in the purchase price and is stipulated in the notarized purchase agreement.

Potential:
With a rent of €6.84 per square meter, the rent is below the current market level in Wattenscheid, which is around €8.27 per square meter. In the event of a tenant change, the apartment can be re-rented at market conditions; a similar-sized apartment in the same building, renovated in 2026, was recently rented for €11 per square meter. With a purchase price of approximately €1,515 per square meter, you are buying significantly below the average asking price in the area.

Taxes:
An expert report will be prepared to determine the remaining useful life of the property. We anticipate that this will allow for a building depreciation rate of at least 4% per year, instead of the usual 2% (as per § 7 Abs. 4 Satz 2 EStG). Example: €71,200 (building share) × 4% = €2,848 depreciation per year. This is not tax advice; please consult with your tax advisor.

Building and Community:
The building was constructed in 1954, is a solid construction, and has an energy efficiency class of C. The homeowners' association was newly established in 2026. The seller contributes €1,000 per apartment sold into the maintenance reserve fund. After selling all eleven apartments, this amounts to €11,000. A cost estimate for the facade is approximately €18,000. Through the city of Bochum's courtyard and facade program, up to 50% of eligible costs can be subsidized. The homeowners' association will decide whether the renovation is carried out; no special assessment has been decided. The attic apartment has been sold and will be renovated; the costs are borne solely by the owner. Monthly service charges are €171.57 per apartment. Other apartments in the building are also for sale; package prices are available upon request.

The apartment is located in the Günnigfeld district of Wattenscheid, a residential area in Bochum. It's a well-established neighborhood with post-war apartment buildings and a strong sense of community. A supermarket is within a few minutes' walk, and the Wattenscheid town center, with its doctors' offices, pharmacies, cafes, and other shops, is very close by. There are also a primary school, a secondary school, and a daycare center in the area.

The nearest bus stop is just a few minutes' walk away. Several bus lines, the Wattenscheid train station, and the A40 and A448 highways provide quick access to Bochum, Essen, and Gelsenkirchen. Green spaces in the surrounding area offer opportunities for recreation, and fiber optic and 5G internet are readily available.

This neighborhood is a stable rental area in the affordable segment, which means the risk of vacancies is relatively low. Bochum has a population of approximately 365,000 and is a significant educational center in the Ruhr area, home to the Ruhr University and several other higher education institutions.