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House for sale in Gummersbach, Germany
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House for sale in Gummersbach, Germany

390 000€

51645 Gummersbach

Investment Breakdown

Gross Yield:

4.5%

Time to pay off with rent:

27.1 years

Price Difference:

-50000%

Expected Rent:

1200€/month

Property description

This detached two-family house is constructed in half-timbered fashion using oak wood. It spans two floors and features a partially existing vaulted cellar. The total living area is approximately 140 square meters for one unit and 95 square meters for the other. The building dates back to 1798, is listed as a historic monument, and underwent modernization in 2012, which included renovations of the complete upper floor and partial updates on the ground floor. In addition to the two-family house, there is also a single-family home built in the same half-timbered style, but clad with larch boards. This home is organized over one floor, is partially cellarized, and has an additional developed attic space with a living area of 55 square meters. The estimated construction year of this unit is around 1900. The property includes a barn, also finished with larch boards. Heating is provided by a gas boiler, while hot water is supplied through an electric instantaneous water heater. The windows are made of wood and equipped with insulated glazing. Unfortunately, it was not possible to conduct an interior inspection.

Location

51645 Gummersbach

Date added: 20.12.2024

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