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Rental yield: 5.49% / Factor: 18.2 / Refurbished, currently rented, indexed rent, garage included, no commission fees.

Bernhard-Letterhaus-Straße 2, 21337 Lüneburg – Niedersachsen
149.000 €
1
Room
38.50 m²
Living Area
Apartment

Purchase price: €164,000 for the apartment and garage (apartment: €149,000, garage: €15,000). Annual rent: €9,000, representing a factor of 18.2 and a gross rental yield of 5.49%. This property is offered commission-free. A manageable entry point into a ready-to-go investment property: The one-room apartment, measuring 38.50 m², is located on the 5th floor and was renovated in 2026. It has been rented since October 1st. There is a lift that stops directly on that floor. The property also includes a garage with its own land registry entry. The apartment and garage are only being sold together. The tenant is a student. The net cold rent is €650, which is an index-linked rent and adjusts with the consumer price index. One parent is jointly liable as a co-tenant, and both parties agree not to terminate the lease until September 30, 2027. The apartment was rented within two weeks of being advertised. The garage is separately rented and generates €100 net per month. For investors who focus on the after-tax return, this package is well-structured. The purchase agreement clearly separates the land, the building, and the new fitted kitchen, providing a solid basis for your depreciation. The kitchen can typically be depreciated much faster than the building, and property transfer tax is usually not applicable to the kitchen portion. If you hold the apartment for longer than ten years, any capital gains from a sale are currently tax-free for private investors. Please discuss the specific implications for you with your tax advisor. Ongoing costs: monthly service charges are €159, including €45.60 for the reserve fund. An additional €14 per month is charged for the garage. The community's maintenance reserve fund currently stands at approximately €182,700.

Are you interested in this apartment?

Object Number
OM-493229
Object Class
Apartment
Object Type
Apartment
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
149.000 €
Purchase additional costs
approx. 9,902 €
Total costs
approx. 158,901 €
Purchase price garage/parking space
15,000 €
HOA fee
159 €

Breakdown of Costs

Purchase price 149.000 €
Real estate transfer tax 7,450 € (5.00%)
Notary costs 1,621 € (1.09%)
Land register entry 831 € (0.56%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 640€

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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 4.44%

Details

Condition
Rehabilitated
Number of floors
7
Level
5th floor
Bathrooms (number)
1
Bedrooms (number)
1
Number of garages
1
Flooring
Tiles, Vinyl / PVC
Heating
Central heating
Year of construction
1972
Equipment
Balcony, Basement, Elevator, Shower bath, Fitted kitchen

Information on equipment

The apartment was completely renovated in 2026:
• New bathroom with a walk-in shower, low-profile shower tray, glass partition, overhead and hand shower, wall-mounted toilet, mirrored cabinet with LED lighting, and a heated towel rail.
• Large-format tiles, light gray on the walls, anthracite on the floor, black fixtures, and a washing machine connection in the bathroom.
• New kitchen from Hano, Linea series, with white gloss fronts and Bosch appliances: induction cooktop, oven, dishwasher, built-in refrigerator with freezer compartment, and a wall-mounted range hood.
• New kitchen window.
• New designer flooring in an oak finish in the living room, kitchen, hallway, and storage room.
• New electrical installation according to VDE 0100, with a new distribution board, Gira switches, and smoke detectors.
• In the bathroom, all cold, hot, and wastewater pipes have been replaced up to the building's main risers. In the kitchen, the existing supply lines have been inspected and remain in place.
• Walls and ceilings have been repainted, doors have been painted white, and radiators have been repainted.
• Balcony facing a quiet west-facing side, with afternoon and evening sunlight, and a new floor covering.
• Storage room within the apartment, and a private storage space in the basement.
• Elevator to the apartment floor, laundry room, drying room, and bicycle storage in the building.
• District heating. Energy efficiency class: B.
The garage is located in a covered communal garage complex, just a few steps from the house. It features a swing door, with internal dimensions of approximately 2.72 x 4.81 meters, and a driveway access lane that is 7 meters wide.

Location

The house is located at Bernhard-Letterhaus-Straße 2 in the Kaltenmoor district of Lüneburg. Its main advantage for renters is its excellent transport links: a bus stop is located directly in front of the building, and the city center and Leuphana University are easily accessible without a car. This is exactly what students are looking for.

The district offers shops, doctors' offices, and schools, and the parking garage is just a few steps from the house. Lüneburg is a Hanseatic city and a university town with direct train connections to Hamburg. One-room apartments with elevators and balconies are therefore in high demand.

Location Check

Nearest places
Nearest places

Energy

0 25 50 75 100 125 150 175 200 225 ≥250
Final energy consumption
71.00 kWh/(m²a)
Energy efficiency class
B
Energy certificate type
Consumption certificate
Main energy source
District heating

Miscellaneous

Energy Performance Certificate: Consumption certificate, final energy consumption 71 kWh/(m²·a), main energy source: district heating, year of construction: 1972, energy efficiency class: B.

Here's how to proceed:
• You will receive the detailed property description with floor plan and all relevant figures. We are happy to answer your questions by phone or video call.
• Upon request, you will receive the complete documentation package, including condominium documents, the lease agreement without personal data, and the original, unedited photographs.
• You can view the building and garage complex from the outside at any time. We would be happy to show you the garage.
• If this property seems like a good fit for you, we can arrange a personal viewing of the apartment. Because it is currently occupied, we will coordinate the appointment with the tenant with consideration.

Note regarding the photos: The images have been edited using AI to improve their presentation, for example, in terms of lighting, color, perspective, and retouching. The two kitchen photos are unedited. You will receive the original, unedited versions with the documentation and can view them at any time.

Broker inquiries not welcome!

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Offer from: Dennis Bosse