House for rent in Rheinberg, Germany

• Keller

Based on the provided description of the property in undefined, let's analyze it from a buyer's perspective, keeping in mind both real estate investment and lifestyle purchase factors. Property description: - Zweifamilienhaus (Two-family house) - Baujahr: ca. 1964 - Erbbaurecht liegt vor (Heritable building right) - 1 Etage(n) (1 floor) - Dachgeschoß ausgebaut (Loft conversion) - Wohnfläche: 148m² (1,600 sq ft) - Keller/vollunterkeller (Full basement) - Garage vorhanden (Garage available) - stark renovierungsbedürftig (Strongly in need of renovation) - zum Zeitpunkt der Wertermittlung leerstehend (Vacant at the time of valuation) Price: 179,000€ Real estate investment: From an investment perspective, a few key factors come into play for this property: 1. Price point: At 179,000€, the property is relatively affordable, but it may still be unaffordable for some buyers due to its renovation needs and the general housing market prices in the area. 2. Location: Rheinberg is a mid-sized town with good infrastructure and a variety of amenities. This makes it a desirable location for both buyers and renters. However, it is not a major city, so investment returns may not be as high as for properties in larger cities. 3. Renovation needs: The property is described as being in strong need of renovation. This could be a risk for investors, as it involves additional costs, time, and potential unforeseen expenses during the renovation process. 4. Heritable building right: This means that the buyer will obtain ownership of the land and the property for an indefinite period, which can provide long-term security and value appreciation. Considering these factors, the property might be a good investment for experienced renovators or property developers who are aware of the potential risks and have the expertise to manage them. However, for novice investors or those looking for a move-in-ready property, this might not be an ideal investment. Lifestyle purchase: For a lifestyle purchase perspective, consider the following factors: 1. Property type: The two-family house offers an ideal configuration for a growing family or those with elderly relatives who prefer to have their own space within close proximity. 2. Renovation potential: Buyers with appreciation for older properties and the ability to renovate can turn this property into a comfortable and modern living space with their desired aesthetic and functional features. 3. Location: As mentioned earlier, the town of Rheinberg offers a good quality of life with its amenities, green spaces, and close proximity to RheinGeorg Bay, which can be used for recreational purposes or for commuting to nearby cities. 4. Vacant at the time of valuation: A vacant property provides the buyer the opportunity to complete their renovation or refurbishment at their own pace without disrupting the living space of existing tenants. In summary, this property may appeal to those looking for a two-family home with renovation potential, offering a unique opportunity to create their dream living space. For buyers looking for a move-in-ready home or a purely investment-driven purchase, they may want to look for alternative options in the area.