Investment opportunity starting at €82,000: 2-room apartment in Bochum, with a 6.99% return including rental subsidies, and potential for a 4% depreciation allowance.

For sale: a rented 2-room apartment with 54 m² in Bochum-Wattenscheid, starting from €82,000, commission-free.

This is a rented 2-room apartment with 53.79 m² of living space, located on the 3rd floor of an apartment building in Bochum-Wattenscheid. The living room and bedroom are almost the same size, at approximately 16 m², offering flexible use. The separate kitchen, with 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 measuring 9.59 m². A parking space in the courtyard can be purchased for an additional €5,000. At €82,000, it's the most affordable option in the building.

Rental Information:
The apartment has been rented since July 2023. The base rent was adjusted to €377.55 on June 1, 2026, and the tenant's approval is in place. You are buying an apartment that generates rental income from day one.

Rental Subsidy, Explained Simply:
Because the rent has just been adjusted and a further increase is not possible for several years, we, as the sellers, will pay you a rental subsidy of a total of €3,600 for the first three years. This is an additional €100 per month, on top of the rent, for 36 months. The rental income for the first three years is €477.55 per month, which represents a 6.99% return on the purchase price. From the fourth year onwards, the regular rent continues (a 5.53% return, as of today). The subsidy is included in the purchase price and is stipulated in the notarized purchase agreement.

Potential:
At €7.02 per square meter, the rent is still below the current market level in Wattenscheid, which is around €8.27 per square meter. In the event of a change of tenant, the apartment can be re-let at market conditions; a similar-sized apartment in the same building, renovated in 2026, was recently rented out for €11 per square meter. With a purchase price of approximately €1,525 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: €65,600 (building share) × 4% = €2,624 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 €165.73 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 neighborhood.

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 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, with the Ruhr University and several other higher education institutions.