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House for sale in Coppenbrugge, Germany
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House for sale in Coppenbrugge, Germany

124 000€

31863 Coppenbrügge

Investment Breakdown

Gross Yield:

7%

Time to pay off with rent:

14.8 years

Price Difference:

-15%

Expected Rent:

700€/month

Property description

This two-story residential building, along with attached garages, was constructed in 1900 or even earlier. The first documented alteration or expansion occurred in 1921. The property includes central heating, although an interior inspection could not be arranged. This building offers potential for renovation and improvement, making it an attractive opportunity for investors seeking a project. Its historical character adds charm and potential value in a market where such properties attract interest. Located in Coppenbrügge, the property stands to benefit from local amenities and the growing demand for residential spaces in the area. Prospective buyers should note that this property is being sold through a court auction and has a market value set at 124,000 EUR, with the possibility of acquiring it at a significant discount of around 30%, bringing the potential purchase price down to approximately 86,800 EUR. Additionally, buyers can save on notary fees and agent commissions, making this an even more appealing investment option.

Location

31863 Coppenbrügge

Date added: 16.12.2024

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