Mitte

Large one bedroom apartment located in The Kietz: Vacant in highly desirable area

€275,000

Investment Essentials

66.32 m²

€4,146 per m²

1 bedroom(s)

50% LTV

Price Score*

46%

*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)

3.5%

*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?

This one bedroom apartment is spacious with a large open plan kitchen, situated on the 4th floor of a beautiful and renovated 1904 Altbau building. Located on Malplaquet, a quiet pedestrian street next to the Schiller Park. High rental demands in this location offers secure and rising yields with strong capital growth predicted.

Investment Opportunity

The apartment is in good condition, vacant and ready to rent. However significant benefits would be gained from some refurbishment to reap further rewards of this investment opportunity. The huge open plan kitchen would allow the current living room to become a 2nd bedroom making it ideal for sharing professionals or a small family. Inspiration Asia offer our clients full services, including refurbishment, design and renovation services.
Floor plan of apartment

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Location Analysis

Wedding is on the up and emerging as a property and real estate hotspot for Berlin, whilst this notion was once seen as unbelievable the Unesco protected architecture of the Schillerpark Settlement, excellent location and elegant 19th century apartments are making up for the area’s perceived once perceived rough edges. Expensive and trendy Mitte finally has serious competition! Extremely well connected by public transport, the U-bahn, S-Bhan, Tram and Busses stops are abundant in the district. Berlin’s main station Hauptbanhof is also in Mitte and is easily accessible from all neighbourhoods by bus, S-bahn and Tram and the TXL, express bus to the Tegel airport offers numbers stops throughout the Mitte district.

Mitte

Mitte is the first and most central borough of Berlin, home to the German parliament, embassies and Berlin’s oldest University, Humboldt University. Although Mitte resides in the heart of the city it offers numerous parks, notably, the famous Tiergarten and the Monbijou park with plenty of children playgrounds to enjoy outdoor activities. Mitte offers a wide range of museums, art galleries, theatres, concert hall shopping galore, restaurants, bars, night club and along the Spree river during the summer it has its own beach bar.

10.7%

Purchase price increase 2018

5.7%

Rental price Increase 2018

6.8%

Population forecast increase 2015-2030

10.3%

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.

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