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High yield as new Pankow apartment

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Charlottenberger
Germany,Pankow ,Berlin

1 bedroom - 41.6 sqm - 47,500 EUR
Tenant paying 298.1 EUR cold rent
Ground floor of 5

Commission : 3000

Year of construction : 1998
Year of renovation :
Price per sqm : 1142
Cold rent yield 7.53 %

Status: Available

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You may have seen this property on other well known sites for 57,500 EUR!

This is a modern apartment built in 1998. It has an open-plan fitted kitchen, tiled bathroom, living area, bedroom, cellar and terrace. In addition the apartment benefits from central heating, community gardens and lift. The building has an underground garage. The house manager lives in the building. It is a quiet side street but well linked to public transport. It is walking distance to Prenzlauer Berg (possibly 15 minutes).

Pankow has the highest birth rate of all the Berlin districts and the highest migration gain. A lot of people are moving here, and few are leaving. Pankow has no extensive “problem zones” such as areas with shabby old buildings or isolated areas with prefab concrete apartment blocks. The area is still in the approach path of Tegel airport, but once it closes in 2011/2012, the area is likely to see another strong valuation upwards. This apartment is in Weißensee. It is the most sparsely populated part of the district, and the one furthest from the city centre. Today, Weißensee includes the sub-districts of Buchholz, Blankenburg, Karow and Buch. The original Weißensee has quiet residential areas dating from the years between the wars with lots of green, in particular near the lake for which the neighbourhood is named. Berliner Allee is the central axis of the district, but, being an extension of the B2 motorway, has a high traffic volume.