Evaluation of condominium postal code 56170

Hello dear community,

I have the opportunity to buy the apartment that I am currently renting. I find the sales price reasonable, but I would like to get feedback from people who deal with such topics.

The following parameters:

[*]House built in October 2012 with three condominiums, basement included
[*]My apartment: 3 rooms, kitchen, bathroom (without window), hallway, altogether 84 sqm (including terrace, basement) on the ground floor
[*]Basement with one storage room each / connections for washing machine and dryer (each with exclusive usage rights)
[*]Heating room with gas heating + water connections, common property
[*]Covered terrace and small piece of garden (2 by 2 meters), both with exclusive usage rights
[*]2 parking spaces with exclusive usage rights
[*]The bathroom has a shower and bathtub, is tiled
[*]The kitchen has a fitted kitchen (nothing special), and is also tiled, just like the living room
[*]Children’s and bedroom have laminate flooring
[*]We were the first occupants
[*]An expert (for damages, not for valuation) could not detect any major defects
[*]The size of the property is 377 sqm, to which the apartment corresponds 344/1000
[*]Electric shutters, no underfloor heating
[*]House is solid construction
[*]Equipment and condition are, in my view, “normal”
[*]The postal code is 56170
[*]Location of the house is, in my opinion, in a “solid residential area,” and the house is directly at the end of a cul-de-sac, so we have no through traffic
[*]Fast DSL, satellite dish on the roof
[*]A property management company takes care of everything
[*]The other two apartments (1st and 2nd floor) are rented out, each owned by different owners
[*]Current cold rent all inclusive: 600 euros, whereby I would be willing to pay up to 750 euros; I paid 600 as the first occupant in 2012, with no rent increase since then
[*]Additional costs about 200 all inclusive, including janitor (who does not do repairs but winter services, empties trash bins, sweeps, mows lawn, etc.)
[*]Reserves in the building approx. 3600; according to the minutes of the owners’ meeting, there are no hidden charges.

What would be a fair sales price here (excluding all incidental acquisition costs such as property transfer tax, etc.), i.e., the pure sales price.
A range from-to would also be helpful.
If you have any questions, feel free to ask.
Best regards, Ralf

What I would like to add:

- there is an electronic ventilation system in the apartment with 3 levels.

I don't think anyone here will give you a price. For that, you would need to know the market in your area. Have you looked at property listings? What do comparable apartments cost? In addition to the ancillary costs you pay as a tenant, as an owner, the non-transferable costs come on top. In the end, you have to decide for yourselves what the apartment is worth to you.

I'll start off the wild guessing:

Based on the information available here, I myself would probably go into the race with €150,000. Up to €180,000 would probably still be okay.

Prices vary greatly even in the local micro-location. Compare with offers on site to get an impression, feel free to ask a real estate agent or at the Sparkasse. Maybe you will find a friendly person who helps without immediately asking for money. You can also ask an independent mortgage broker locally, they also know the micromarket.

Between €2,000 and €3,000 per sqm - at least that's what the offers on ImmoScout say. So roughly €170K to €250K. Compare your apartment with those on ImmoScout and you have a fairly rough but correct direction.