Friedrichshain-Kreuzberg

Charming vacant studio in the uber-cool district of Kreuzberg

€160,000

Investment Essentials

34.5 m²

€4,637 per m²

1 bedroom(s)

50% LTV

Price Score*

54%

*Price Score = 0% is the lowest priced properties in the location and 100% is the highest priced properties in the location

City Centre

15 minutes

Vacant (Est. Yield)

3%

*Price Score = 0% is the lowest priced properties in the location and 100% is the highest priced properties in the location

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Why is this apartment a great investment?

A renovated studio apartment near to Berlin’s city centre in an established and affluent area. The neighbourhood is renowned for its vibrant lifestyle venues including numerous restaurants, bars, clubs and galleries. The micro-location of the property near Viktoria Park and Bergmannstraße, which is the continuation of Kreuzbergstraße, is considered the most established and affluent area of the neighbourhood.

Investment Opportunity

A hassle-free investment property in a classic Altbau building with a modern central heating system has been installed in the property. The lobby and stairwells were renovated in 2014. As part of the renovations in the building, 6 new apartments will be built above the existing structure in the front wing, and a communal roof terrace will be developed.
KRE45 - Apt 10 Floorplan

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Location Analysis

Centrally located near Mitte, Kreuzberg neighbourhood is considered one of the trendiest areas in Berlin, with a strong presence of Berlin’s creative class. The neighbourhood is renowned for its vibrant lifestyle venues including numerous restaurants, bars, clubs and galleries. The micro-location of the property near Viktoria Park and Bergmannstraße, which is the continuation of Kreuzbergstraße, is considered the most established and affluent area of the neighbourhood.

Friedrichshain-Kreuzberg

The smallest of Berlin’s 12 districts with the highest population density and the lowest average age. Separated by the Spree river and connected by Berlin’s most historic and recognisable landmarks; The Oberbaum Bridge. Originally Friedrichshain and Kreuzberg were independent East and West Berlin districts, merging in 2001 under the Berlin administrative reform. Friedrichshain – Kreuzberg is one of the coolest and most sought after neighbourhoods in Berlin, centrally located, known for a diverse nightlife and cultural life and home to the youngest residents. A trendy hub filled with creative and digital media companies, independent outlets and alternative venues

8.1%

Purchase price increase 2019

0%

Rental price Increase 2019

4.7%

Population forecast increase 2018-2030

8.5%

Unemployment rate

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Inspiration Asia is part of the Inspiration Group  an established real estate investor with offices in Berlin, Hong Kong and Israel that has successfully developed property in Germany’s capital over the past 11 years.  Our full service approach provides peace of mind to all our real estate investors.