Living room (1/2)

Dining room (2/2)

Munich - Nymphenburg

sold

Top floor apartment with bay window and atrium terrace

Modern bright 3 room apartment between Hirschgarten and Nymphenburger Park, 3rd floor, elevator, large living area with bay window, separate dining place, bathroom with window, the living rooms and the bedroom with floor-to-ceiling windows are grouped around the quietly situated secluded atrium terrace with south/west orientation, underground parking space.

Basic data

Property: ETW 2455
Property type: Apartment
Construction year: 1985
Floor: 3RD FLOOR
Lift: no

Area listing

Living space: approx. 83,5 m²

Space and equipment

Room: 3

Purchase price

This property is already sold.

View current offers

Location

Heiner Riedel

Founder and shareholder

+49 89 15 94 55-14 Send e-mail

Real estate guide

What do you need to consider when buying income property?

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

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What is a "ground lease" anyway?

The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". A "hereditary building right" is a right equivalent to real property which is formed in a separate "hereditary building right land register".

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How can I value my single family home?

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).

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Is new construction generally more expensive than a used property?

If only the price per m² of living space is taken into account, new buildings can be up to 50 % more expensive than existing properties.

(read more)

Is real estate financing still possible when you are over 50?

This depends on the income situation as well as on the amount of equity capital invested in order to enable an extensive debt relief until retirement age.

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What is important to look out for during the visit?

Before buying a property, the building fabric and building services should be examined in detail. In the case of houses, the building must be thoroughly examined from the outside. Are the facade, windows and doors in order? Is there a need for repair? The gutters, downpipes and exterior lighting should also be considered.

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Real Estate Agent Munich

Real Estate

Top floor apartment with bay window and atrium terrace