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06567 Bad Frankenhausen
Gross Yield:
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Time to pay off with rent:
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From a buyer's perspective, this property is located in Bad Frankenhausen, a town with a population of approximately 21,600 people. The property itself is a two-storey, semi-detached house with a total living area of 110 m². It includes a garden and a parking space. The house, which was built in the 1920s, has been modernized between 1994 - 1997, including the façade, roof, windows, and heating system. The property has been standing empty since April 2021 and is in a good condition with minor defects. For real estate investment, the property's location in Bad Frankenhausen might be a drawback as it is a relatively small town, and the local real estate market may not be as vibrant as larger cities. However, considering the renovated and good condition of the house, it could be a good investment opportunity, especially if the buyer can take advantage of the 30% discount on the verkehrswert, reducing the final purchase price to 105,000 euros. As a lifestyle purchase, the property offers a good space in a quiet location, with the opportunity to renovate and make it your own. The garden and parking space can be a significant plus for families or those who enjoy outdoor activities. However, the location in a smaller town might not be ideal for those seeking city life or amenities like shopping, dining, and entertainment options close by.
06567 Bad Frankenhausen