Neukölln

Vacant one bedroom investment apartment: in need of refurbishment

€230,000

Investment Essentials

51.3 m²

€2,500 per m²

1 bedroom(s)

45% LTV

Price Score*

40%

*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?

Vacant one bedroom apartment in need of renovation to reap the rewards of Berlin’s real estate and property market. We offer a full service approach to all our International clients, including design and renovation services. Contact us to discuss this investment property and for full details.

Investment Opportunity

The building was constructed in 1900 and underwent a substantial renovation in 2006-2008. New water and sewage systems were installed, and the facades and public areas were renewed. A modern central gas heating system supplies has been installed in the property.

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Location Analysis

The property is situated a short walking distance from the vibrant cultural scene of Neukölln with tens of cafés and restaurants, and a short walk from shopping venues, schools and clinics.

Neukölln

Neukölln is one of the twelve boroughs of Berlin and located in the south eastern part from the city centre towards Berlin Schönefeld Airport. The district has undergone a complete transformation in recent years, attracting more artists and city dwellers which has resulted in the increase of bars, cafes, independent galleries and vintage stores. Alexanderplatz is only 10 minutes away, while Charlottenburg can be reached in 25 minutes, while the airport at Schönefeld is just 33 minutes away. Additionally, bus line M41 travels from Hermannplatz to Berlin’s main railway station in approximately 20 minutes.

10.4%

Purchase price increase 2018

2.6%

Rental price Increase 2018

4.4%

Population forecast increase 2015-2030

12.6%

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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