Guide

8 min

Aug 28, 2026

Retrofitting a 1910 building to EPC B

Windows, insulation and a heat pump: what it cost and what tenants save.

Scaffolding and stacked insulation panels on a facade at dusk, lit by one work lamp
Lena Hoffmann, asset management, reading a boiler gauge with a technician

Lena Hoffmann

Asset management

Looks after boilers, roofs and leases in our fourteen Berlin buildings.

EPC B

the rating a 1910 building can reach with the right works

Where we started

Our oldest Berlin buildings were rated E or F when we bought them: single glazing, uninsulated roofs and gas boilers in every apartment.

Retrofitting them is not about a single big project. It is a sequence of works, each done when it costs the tenants the least disruption.

The order of the works

We start with the roof and the top-floor ceilings, then the windows, then a shared heat pump in the courtyard. Facades on listed streets stay as they are and are insulated from the inside.

Done in that order, a 1910 building can reach an EPC B rating. Tenants pay less for heating, and the building is protected from the stricter rent rules on poorly rated homes.

Every retrofit is paid for from the fund’s reserve and repair budget, never by cutting a monthly payout.

Illustrative content for a demo fund. Not investment advice. Capital at risk; past distributions do not predict future returns.

02·L

In this letter

3 takeaways

Key takeaways.

  • Roof first, then windows, then a shared heat pump.

  • A 1910 building can reach EPC B without touching a listed facade.

  • Works are paid from the reserve, never from a payout.

City

Berlin

City

Berlin

Homes

26

Homes

26

Acquired

Oct 2022

Acquired

Oct 2022

Gross yield

5.5%

Gross yield

5.5%

Energy rating

C

Energy rating

C

Rentroll logo: a black tile with three rent-roll lines, the middle one paid in orange

Rentroll

Own the building. Collect the rent.

Next payout · 10th
04days
:23hrs
:24min
:38sec

Rentroll®

© 2026 Rentroll Ltd · [Regulator] · [License no.] · Demo company, not a regulated fund.

Illustrative data. Capital at risk; past distributions do not predict future returns.

Rentroll logo: a black tile with three rent-roll lines, the middle one paid in orange

Rentroll

Own the building. Collect the rent.

Next payout · 10th
04days
:23hrs
:24min
:38sec

Rentroll®

© 2026 Rentroll Ltd · [Regulator] · [License no.] · Demo company, not a regulated fund.

Illustrative data. Capital at risk; past distributions do not predict future returns.

Rentroll logo: a black tile with three rent-roll lines, the middle one paid in orange

Rentroll

Own the building. Collect the rent.

Next payout · 10th
04days
:23hrs
:24min
:38sec

Rentroll®

© 2026 Rentroll Ltd · [Regulator] · [License no.] · Demo company, not a regulated fund.

Illustrative data. Capital at risk; past distributions do not predict future returns.

Create a free website with Framer, the website builder loved by startups, designers and agencies.