Ref: FBAL1100                                    Rooms: 4

City: Berlin                                            Baths: 2

Area: Grunewald                                 Type: Apartment

Street: Hagenstr.                                  Size: 96, 33 m²

Tenanted: no 

Located in the beautiful, parkland area of Berlin-Grunewald this vacant apartment has four rooms. This modern apartment built in 1966 is on the first floor of this two story building. It has a fully fitted, tiled kitchen (including dishwasher, fridge and cooker), bathroom and WC.

The orientation is south-west with a loggia off the bedroom. In addition there is parquet flooring, central heating and a cellar. An additional garage can be rented for 30 €/month.

The property represents a beautiful apartment in an exclusive residential area of Berlin. Grunewald offers the largest wooded area within the city limits and is well known for the exclusive residences built here over the last hundred and fifty years.

A perfect area for walkers and cyclists enjoying outdoor pursuits. Nearby is the beautiful Wansee lake offering pleasure boat rides, swimming and even a popular beach! A beautiful area in which to live and play within easy reach of the city. This apartment offers an exclusive lifestyle.

Mortgages Available For This Property

Q: What LTV can an investor get?

A: Up to 90% of the purchase price, but this has become a rare exception. Furthermore, an investor has to bear in mind that the higher the LTV, the higher the interest rates charged by banks.

Q: How many and what banks are involved in an enquiry?

A: All banks operating in Germany are in the pool. It has turned out that most finances are arranged with an ever-changing hard core of seven banks, which include mortgage or retail banks.

Q: What is the minimum loan possible?

A: Euro 25,000 – this means that a property should at least have a purchase price of Euro 50,000 because for small flats banks rarely give more that 50% of the purchase price.

Q: What properties can be financed?

A: Almost everything, everywhere: residential, commercial, blocks and single flats in big cities as well as the countryside. The bigger the property (or bundle of properties), the better the sustainable yield, the better the state of the property, the less vacancies and the better the location (macro as well as micro), the higher the LTV which should result. Some properties, however, might unfortunately not be financeable at all. This for example can happen if the sustainable yield is lower than 5%. Important for commercial units: The longer the remaining duration of the lease contract, the better for the LTV.