Mitte

One bedroom spacious apartment: Vacant and in need of renovation

€157,885

Investment Essentials

45.11 m²

€3,500 per m²

1 bedroom(s)

50% LTV

Price Score*

39%

*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 spacious apartment is ready for renovation, situated on the 1st floor of a desirable and renovated 1912 Altbau building in an up and coming area which is only 15 minutes to the city centre.

Investment Opportunity

This apartment is located in the heart of the city and just 2 miles from the most expensive area in Berlin; Mitte. The apartment is in need of renovation, however the investor who has vision for this project will reap the rewards with similar properties in the area listing at €280,000+. Inspiration Asia offer our clients full service which includes design and renovation services. This is an opportunity not to be missed.

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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

10.6%

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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