Pankow

Two-bedroom apartment with fitted kitchen and balcony

€485,000

Investment Essentials

85.78 m²

€5,654 per m²

2 bedroom(s)

50% LTV

Price Score*

75%

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

City Centre

9 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?

This spacious family apartment is a great find for any investor. Like a well-kept secret, the building is located on a hidden cobblestoned street between Heinz-Kapelle-Strasse and Kniprodestasse. The apartment has a large master bedroom and children’s room on one side and one the other a generous living room with a balcony. The secluded street means there is no through traffic, which creates a quiet atmosphere that is highly attractive to renters.

Investment Opportunity

The apartment is renovated and furnished so it can be rented immediately and start providing a yield to the investor. The high standard of the apartment will produce an above-average yield. The building was built in 1905 and has received several major upgrades in recent years including the additional of an elevator and renewed electric system and plumbing.
HK6 - Apt 8 Floorplan

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Location Analysis

Prenzlauer Berg is undisputedly on the most desirable parts of Berlin. The area offers residents everything that they need; peaceful residential areas, numerous parks and a vibrant cultural scene full of the cities best restaurants, bars and cafes. In the 1920s, Prenzlauer Berg attracted artists and bohemians and it has preserved much of this character today. Apartments in this district are highly sought after providing strong and stable yields to investors.

Pankow

Pankow is the most populous and the second largest of the twelve boroughs of Berlin. Named after the Panke river and covers the northeast of the city region, including the inner city locality of Prenzlauer Berg. It borders Lichtenberg in the east, Mitte and Reinickendorf in the west and Friedrichshain-Kreuzberg in the south. Whilst Pankow is a large residential district it offers both great connectivity to the more lively neighbourhoods of Mitte and Prenzlauer Berg and a relaxed ‘small town living’ feeling. Plenty of parks for outdoor sports activities and children’s playground are widely available along with family friendly restaurants, cafes and daily shopping opportunities.

3.1%

Purchase price increase 2019

-0.5%

Rental price Increase 2019

11%

Population forecast increase 2018-2030

6.2%

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.