German Property

Investment Property in Germany

Wichertstraße, Berlin - Prenzlauerberg

The entire building was extensively refurbished 11 years ago. The property for sale is a lovely, quiet apartment facing South-West. It is 2 minutes by foot to the S-Bahn Prenzlauer Allee (commuter train) and the tram. Alternatively the tube station at Schoenhauser Allee can be reached on foot in 7 minutes.

Summary

Pricing: £100,000
Bedrooms: 1
Development Type: Apartment
Listing Type: Sale

You will find restaurants and shops for your everyday needs in the immediate area. The apartment has a nice fitted kitchen, which is not standard for Berlin; normally tenants bring in their own kitchen units. The apartment has wood panel flooring and the bathroom is equipped with a shower unit, with tiled walls and floor. All rooms have windows and therefore it is a nice bright apartment. There is also a cellar included for storage.

• 1 bedroom
• Size: 67.40
• 2nd Floor
• Built in 1903
• Central heating
• Fitted kitchen
• Currently Tenanted

Location:

The district of Prenzlauer Berg is located off Berlin's center to the north east, and is the most sought after borough of Berlin. The value of apartments in this area continues to rise as more investors seek this location, which is historically known for value for money. This perception is changing rapidly as local demand for properties increases, along with the interest shown from international investors, all pushing up prices and promising excellent potential for capital appreciation in the long term.

Prenzlauer Berg is a former Berlin borough. In 2001 it was merged with the former boroughs of Pankow and Weissensee retaining the name Pankow. After German reunification in 1990 Prenzlauer Berg began to attract young people and soon became renowned for its nightlife and alternative lifestyle.

Prenzlauer Berg is also famous for being one of the few places in Germany that has seen somewhat of a baby boom in recent years. There is an abundance of playgrounds, kitas (child day-care centres), and toyshops. There is also over 350 restaurants in Prenzaluer Berg, as well as 12 churches and 30 schools.

Features

• Guaranteed Rental
• Mortgage Available