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Grenzweg 8686a 22359 Hamburg Hamburg

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Property for rent in Grenzweg 8686a 22359 Hamburg Hamburg

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Real estate insights for Grenzweg 8686a 22359 Hamburg Hamburg

AspectSummary
Gross YieldApproximately 3.5% to 5% depending on property type.
Rental DemandHigh demand due to proximity to public transport and amenities.
Average Rent PriceAround €12 to €15 per square meter.
Vacancy RatesLow vacancy rates at about 3%.
Tenant Turnover RateModerate turnover at around 20% annually.
Operating ExpensesTypically 25% to 30% of rental income.
Regulation and Rent ControlRent control laws limit annual increases to inflation plus 1%.
Furnishing/Unfurnishing Rate60% of rentals are unfurnished.
Short-Term vs. Long-Term Rental MixPredominantly long-term rentals; short-term is less than 10%.
Local Economic IndicatorsStrong local economy with low unemployment rates.
Rental Price TrendsIncreasing trend by approximately 2% per year.
Lease TermsCommonly 1 to 2 years.
Deposit RequirementsUsually 2-3 months' rent as a deposit.
Utilities and Other CostsUtilities average around €200 monthly.
Safety and SecurityGenerally safe neighborhood with low crime rates.

Grenzweg 8686a 22359 Hamburg Hamburg FAQ

  • What is the average rental price for apartments in Grenzweg 8686a?

    The average rental price for apartments in the vicinity of Grenzweg 8686a in Hamburg typically ranges from €10 to €14 per square meter. For a one-bedroom apartment, residents might expect to pay around €800 to €1,200 per month, depending on the specific amenities and the apartment's condition. Larger two or three-bedroom apartments can go for €1,500 to €2,200 monthly. These prices reflect the overall housing market in the Hamburg area, which has seen rising demand and limited supply, particularly in well-connected neighborhoods. Amenities like modern kitchen appliances, balconies, or proximity to public transport can influence the rental costs significantly.

  • How do rental prices in Grenzweg 8686a compare to other areas in Hamburg?

    Rental prices at Grenzweg 8686a in Hamburg generally fall within the mid-range spectrum compared to other neighborhoods in the city. For instance, in the nearby district of Wandsbek, average rents can be around €12 to €15 per square meter, while more central areas like Hamburg-Mitte may soar to €18 or even higher depending on proximity to amenities and public transport. Meanwhile, residential areas such as Eimsbüttel and Altona command average rents that often exceed €16 per square meter due to their popularity and vibrant community atmosphere. In contrast, Grenzweg offers a more suburban feel with lower density, which can lead to slightly more affordable rental options. Factors like accessibility to public transport, parks, and schools also play a significant role in the price variations across the city.

  • What factors influence the rental prices in Grenzweg 8686a?

    Rental prices at Grenzweg 8686a in Hamburg are influenced by several factors, including location, property size, and local amenities. The proximity to public transportation, such as U-Bahn and S-Bahn stations, can significantly raise the demand for apartments, leading to higher rental prices. Additionally, the condition and age of the property play a role; newly renovated apartments often command higher rents compared to older, less-maintained units. Local amenities, such as shops, restaurants, and parks, also impact desirability—areas with better access to these features typically see increased rental valuations. Moreover, the overall housing market dynamics in Hamburg, including economic conditions and the supply-demand balance, further contribute to variations in rental prices at this specific address. For instance, during periods of economic growth, more people may seek housing in desirable areas, pushing rents up.

  • Are there any additional costs associated with renting in Grenzweg 8686a?

    When renting a property at Grenzweg 8686a in Hamburg, there are several additional costs to consider beyond the base rent. Tenants typically are responsible for utilities such as electricity, water, and gas, which can vary significantly based on usage. In addition, a monthly service charge may be applicable for communal services, like maintenance of common areas or building security. It's also common for landlords to require a security deposit, usually ranging from one to three months' rent, to cover potential damages. In some cases, tenants might need to budget for internet and television subscriptions, which can add an extra burden. Furthermore, if the apartment is part of a larger complex, there could be fees associated with amenities like gym access or pool maintenance. Lastly, local taxes, such as the property tax or garbage collection fees, may also be part of the monthly expenses.

  • What is the typical size of apartments available for rent in Grenzweg 8686a?

    Apartments for rent in Grenzweg 8686a, located in the Hamburg neighborhood of 22359, typically range in size from small studios to larger two-bedroom units. Studio apartments can start around 30 square meters, featuring efficient layouts that maximize living space, often including an attached kitchenette and a compact bathroom. One-bedroom apartments are more common, generally ranging from 45 to 60 square meters, providing a separate living area, a bedroom, and a bathroom. Larger two-bedroom apartments may range from 70 to 90 square meters, offering more generous living spaces for families or roommates, commonly equipped with a larger kitchen and possibly a balcony or terrace. The variety in size accommodates different renter needs, from singles to small families.

  • How do rental prices vary between furnished and unfurnished properties in Grenzweg 8686a?

    In Grenzweg 8686a, rental prices for furnished properties tend to be significantly higher than those for unfurnished units. Furnished apartments often come with essential amenities, including sofas, beds, and kitchen appliances, which justifies a premium on the rent. For instance, a furnished one-bedroom might rent for around €1,200, while a comparable unfurnished unit could be listed at €900 per month. This price difference reflects the added convenience of not having to purchase or transport furniture. Moreover, shorter leasing terms for furnished rentals can attract a demographic willing to pay more for flexibility, such as business travelers or students. Meanwhile, unfurnished properties might appeal to long-term residents looking to personalize their space without the higher upfront costs associated with furnished options.

  • What amenities can I expect in rental properties around Grenzweg 8686a and how do they affect prices?

    Rental properties around Grenzweg 8686a in Hamburg typically offer a mix of amenities that can significantly influence rental prices. Common amenities include modern kitchens with integrated appliances, in-unit laundry facilities, and private balconies, which appeal to families and young professionals alike. Many properties also feature communal spaces such as gardens, bike storage, and parking facilities, which can further drive up demand and, consequently, rental costs. The presence of public transportation access, like nearby bus and subway stations, enhances convenience, impacting prices positively. For instance, a one-bedroom apartment with high-end finishes and access to fitness centers might rent for a premium compared to a more basic unit without these features. Additionally, proximity to local schools, shops, and parks tends to raise rent, reflecting the desirability of the location.

Other property types in Grenzweg 8686a 22359 Hamburg Hamburg