Freshly Renovated 1 Bedroom Apartment with Sunny Terrace Close to the City

€ 156,147

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Property Specification

Ref: BB370
Price per m²: €2,788
Size: 56m²
Bedrooms: 1
Bathrooms: 1
Type: Apartment
Status: Tenanted
Rent Yield: 3.35%
Year Built: 1927/2017

1 Bedroom Apartment in Reinickendorf


The calm, bright and fully renovated, 1927 built, 1 Bedroom Apartment is a property located in a quiet neighborhood, surrounded by trees and with a nice garden view, giving the feeling to be in the middle of a park. It is perfectly maintained and organized and gives a good impression. This 56.05m2 unit has laminate and PVC floors and white walls, it also has a south oriented large sun-drenched terrace (with dome lights and slabs floor), accessible from both rooms. From the corridor of the unit, you enter the bright living room, which can be subdivided into a dining and living area. The living room also offers a pleasant view of the green garden. The modern fitted kitchen includes oven and hob, extractor hood and single sink. The floor of the kitchen is white tiled and there is plenty of space for a dining table. The white tiled bathroom with window allows a lot of natural light. You have a bath tub included. In the hall there is an open room area, which offers enough storage space. The apartment can be rented for € 7.79 (net) per m² as of 1 October 2017, so the total annual rent income can be € 5,238.60 (yield: 3.35%, x factor: 29.81) , The running costs of the apartment amount to 282.84 € per month (including maintenance reserve).

About Reinickendorf, Berlin

Located in the green north-west of Berlin, the Reinickendorf district offers both idyllic rural and urban flair with excellent infrastructure. The property is located in the southern part of the district, adjacent to the districts Wedding and Pankow, directly on the U8 underground line. Despite the quiet location there are in close proximity schools, day-care centers, doctors and many shopping opportunities. The area is surrounded by sports centers. Also the newly renovated Paracelsus bath is in the immediate vicinity. With the Tegeler See and the Tegeler Forst, the district has large water areas and green spaces, which occupy more than a quarter of the district area - an absolute record in Berlin.Thanks to the 23 buses, three S-Bahn lines and two subway lines (Residenzstraße and Seestraße) as well as the Stadtautobahn A 111 the paths in Reinickendorf are short, in a few minutes you can easily reach the inner city of Berlin.