Renovation Apartment with South-Facing Balcony in Amsterdam Noord

This light apartment is situated on the first floor of a well-maintained residential complex in the Banne-Noordoost neighborhood of Amsterdam North. The property offers approximately 57 square meters of living space and presents an excellent opportunity for buyers who wish to create a home entirely according to their own taste and preferences. The apartment comes with a south-facing balcony and a separate private storage box located on the ground floor.

The entrance to the apartment is reached via a shared communal entrance. Upon entering the property, you arrive in a hallway that provides access to the various rooms. The bedroom is located at the front of the apartment and offers a comfortable space for a double bed and additional furniture. The bathroom is accessible from the hallway and is equipped with a shower, a washbasin, and a toilet. While the bathroom is functional, it may benefit from modernization depending on the new owner's preferences.

The spacious living room forms the heart of the apartment and is currently an open canvas waiting to be finished. All necessary connections for installing a kitchen are already present, allowing the future owner to choose their own kitchen layout, style, and appliances. The living room provides ample space for both a seating area and a dining table. From the living room, you have direct access to the balcony, which faces south. This orientation ensures that you can enjoy the sun throughout a large part of the day, making it an pleasant spot for relaxation during the warmer months.

On the ground floor of the building, there is a separate storage box that can be used for storing bicycles, garden furniture, or other belongings. This is a practical addition that helps keep the living space uncluttered.

The apartment is classified as a renovation property, meaning it requires work to be completed by the buyer. This is a former rental property that has been vacated and is now available for quick transfer. The property is being sold by Ymere, a housing corporation that regularly offers properties for sale to private individuals.

The building dates from 1976 and features a flat roof covered with bituminous roofing material. The apartment has double glazing for most of the windows, contributing to energy efficiency. The energy label is rated D. Heating and hot water are provided by an Intergas combination boiler that was installed in 2022 and is owned by the current seller. The property has both mechanical and natural ventilation systems, as well as a TV cable connection.

The apartment is located on leasehold land (erfpacht) owned by the municipality of Amsterdam. The ground rent (canon) has been prepaid until December 31, 2053. After this date, the leasehold conditions will need to be addressed. Buyers should inform themselves about the future terms and costs associated with the leasehold extension.

The monthly service costs amount to 121 euros. The homeowners association (VvE) is properly organized and registered with the Chamber of Commerce. Annual meetings are held, periodic contributions are collected, a reserve fund is maintained, a maintenance plan is in place, and building insurance has been arranged. These are all positive indicators of a well-managed residential complex.

The surroundings of the apartment are notably green and park-like. The complex is situated on a car-free residential street (woonerf), which makes it particularly child-friendly. Within cycling distance, you will find various amenities including shops, restaurants, schools, sports facilities, the BovenIJ hospital, and the popular shopping centers Boven 't Y and Banne Centrum. For nature lovers and outdoor enthusiasts, the recreational area 't Twiske is nearby, offering walking and cycling routes, playgrounds, and natural scenery. The nature areas Ilperveld and Het Twiske are also in close proximity.

The location provides excellent connectivity to other parts of Amsterdam and beyond. The North-South metro line station Noord is very close by, offering a direct connection to the city center and beyond. Bus connections are also available in the area. For those who prefer to travel by car, the IJ-tunnel provides access to the center, and within a few minutes you can reach the A10 ring road, from which you can access the A1, A2, A4, and A8 highways.

Parking in the area is regulated through a paid parking system with permit options. Prospective buyers should check the current permit requirements and waiting times with the municipality.

There are several legal conditions attached to this sale that buyers should be aware of. A non-self-occupancy clause will be included in the deed, meaning the property cannot be rented out immediately. An asbestos clause and an age clause will also be part of the purchase agreement. An anti-speculation clause applies for a period of three years, restricting resale within this timeframe at a higher price. The sale is limited to owner-occupiers, with the exception of parent-child situations. A priority arrangement applies for social housing tenants from the Amsterdam metropolitan region. The transaction will be handled by a project notary designated by the seller.

The asking price is 275,000 euros, which translates to approximately 4,825 euros per square meter. This price is buyer's costs (kosten koper), meaning that additional costs such as transfer tax, notary fees, and possibly broker fees will apply on top of this amount. The property is currently available and can be transferred quickly as it is already vacant.

In summary, this apartment in Banne-Noordoost offers a solid foundation for creating a personalized home in a green and child-friendly environment. The south-facing balcony, the private storage, and the proximity to various amenities and public transportation are definite advantages. The property does require renovation work, which should be factored into the overall budget. The prepaid leasehold until 2053 provides financial certainty for the coming decades. This property may be particularly suitable for first-time buyers or those with a limited budget who are willing to invest time and effort in creating their ideal living space.