Germany

Str. 155 51147 Koln Nordrhein Westfalen

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Houses for rent in Str. 155 51147 Koln Nordrhein Westfalen

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Real estate insights for Str. 155 51147 Koln Nordrhein Westfalen

AspectSummary
Gross YieldEstimated at 4-6% based on average rental income versus property prices.
Rental DemandHigh demand due to proximity to universities and businesses.
Average Rent PriceAverage rent for a 1-bedroom apartment is around €1,000 per month.
Vacancy RatesRelatively low, around 5%, indicating strong rental market.
Tenant Turnover RateModerate, with an average annual turnover of about 30%.
Operating ExpensesTypically about 20-30% of rental income.
Regulation and Rent ControlSubject to German rent control laws; caps on rent increases.
Furnishing/Unfurnishing RateAround 40% furnished, 60% unfurnished rentals.
Short-Term vs. Long-Term Rental MixPredominantly long-term (80%), with growing short-term demand (20%).
Local Economic IndicatorsStable economy with low unemployment and high population growth.
Rental Price TrendsRental prices have increased by approximately 3-5% annually.
Lease TermsCommonly 1-year leases, with options for renewal.
Deposit RequirementsTypically 2-3 months' rent as a security deposit.
Utilities and Other CostsUtilities average €200-€300 per month, varies by size.
Safety and SecurityGenerally safe, low crime rates reported in the area.

Str. 155 51147 Koln Nordrhein Westfalen FAQ

  • What is the average rent for a one-bedroom apartment in Str. 155 51147 Koln Nordrhein Westfalen?

    The average rent for a one-bedroom apartment in Str. 155, 51147 Köln, Nordrhein-Westfalen, typically ranges from €800 to €1,200 per month, depending on factors such as location, amenities, and the condition of the building. For instance, newer developments or those with modern conveniences like in-unit laundry or nearby parking tend to be on the higher end of that spectrum. Older buildings or those that don’t offer as many features might fall closer to the €800 mark. Additionally, proximity to public transportation can significantly affect rental prices; apartments closer to tram and bus stops generally attract higher rents, while those situated further away might present more affordable options. It’s also worth noting that competition in the rental market can fluctuate, impacting average rents seasonally.

  • How much do utilities typically cost for rental properties in this area?

    Utilities for rental properties in the 51147 Köln area typically encompass electricity, water, heating, and sometimes internet and waste management. On average, tenants can expect to pay about €200 to €300 per month for basic utilities in a one-bedroom apartment. For instance, electricity costs can range from €60 to €100 monthly, depending on usage and the season. Water bills, usually combined with sewage charges, might add another €30 to €50 per month. Heating costs can be significant, particularly during the colder months, potentially increasing the monthly total by an additional €50 to €100. Internet and television services may be bundled together, generally costing around €30 to €50 each month. It's also common for landlords to include some utilities in the rent, particularly in older buildings, which can affect the overall expenses a tenant faces.

  • What factors influence the rental prices in Str. 155 51147 Koln Nordrhein Westfalen?

    Rental prices in Str. 155, 51147 Köln, Nordrhein-Westfalen, are influenced by several key factors. The location plays a significant role; being close to public transportation hubs, schools, and essential services can drive prices up. For instance, properties within walking distance to the German railway network might attract higher rents due to ease of access to employment centers. The condition and age of the building are also important; newly renovated apartments often command higher prices compared to older ones that may require maintenance. Additionally, demand and supply dynamics in the local real estate market affect rental costs—if the area becomes increasingly desirable, prices are likely to rise. Lastly, economic factors, including local employment rates and income levels, can further shape rental values, as higher average incomes in the vicinity generally correlate with an ability to pay more for housing.

  • Are there any additional fees when renting a property in this neighborhood?

    When renting a property in the neighborhood of Str. 155, 51147 Köln, Nordrhein-Westfalen, potential tenants should be aware of several additional fees that may apply. First, there's often a security deposit, typically ranging from one to three months’ rent, which is refundable at the end of the tenancy provided there’s no damage. Additionally, many landlords charge a one-time administrative fee for processing the rental agreement, which can vary greatly but is often between €100 to €300. It’s also common for tenants to incur extra costs such as utilities (water, gas, and electricity), which may not be included in the rent and can add a significant amount to monthly expenses. Furthermore, in some cases, tenants might be responsible for a part of the property’s maintenance fees, especially if they’re renting in a managed building or complex. Finally, when moving in, there might be a small fee for the registration process with local authorities, required for official residency documentation.

  • How does the rent in Str. 155 compare to nearby areas?

    Rent in Str. 155, 51147 Köln, reflects the broader trends seen in the surrounding areas of Nordrhein-Westfalen. For example, residential properties in this portion of Cologne typically range from €700 to €1,200 for a two-bedroom apartment, which is somewhat competitive when considering nearby neighborhoods like Porz or even parts of Deutz. In Porz, rents tend to hover around €650 to €1,100, depending on the condition and location of the apartment. Meanwhile, areas closer to the city center, like Innenstadt, can see prices soaring to €1,500 or more for similar accommodations, indicating a substantial premium for proximity to central amenities and services. Overall, while Str. 155's rents are on par with suburban prices, they remain lower compared to central districts, making it an attractive option for those seeking a balance between affordability and accessibility.

  • Is there a trend of rising or falling rental prices in Koln Nordrhein Westfalen?

    In recent years, rental prices in Köln, Nordrhein-Westfalen, have shown a notable upward trend. According to data from the German Federal Statistical Office, average rents in the city have consistently increased, with reports indicating a growth of approximately 4-6% annually over the past five years. This surge is largely driven by a combination of high demand for urban living and a limited supply of housing. Neighborhoods like Ehrenfeld and Sülz have become particularly popular, with rental prices in some cases exceeding €15 per square meter. Furthermore, the influx of students and young professionals, due to the presence of several universities and a vibrant job market, further intensifies competition for rental properties. For instance, listings in desirable areas can see multiple bids, pushing prices higher. Even outside the core city center, areas like Kalk are experiencing rising rents, reflecting a broader trend that suggests a shift in housing dynamics within Köln.

  • What amenities are usually included in the rent for properties in this location?

    In Köln, Nordrhein-Westfalen, rental properties often include a variety of amenities that are intended to attract tenants. Commonly included are basic utilities such as water, heating, and sometimes electricity, which can be rolled into the total rent or billed separately. Many apartments also come equipped with kitchen essentials like a refrigerator and stove, and sometimes even a dishwasher. In larger apartment complexes, amenities such as laundry facilities, communal gardens, or fitness centers may be available to residents. Some properties might also feature additional perks like balconies or access to secure parking spaces. Internet access is increasingly included or readily available through local providers. Overall, the specifics can vary significantly based on the type of property and its location within the city.