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House for sale in Halle (Saale), Germany
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House for sale in Halle (Saale), Germany

138 260€

06116 Halle (Saale)

Investment Breakdown

Gross Yield:

5.5%

Time to pay off with rent:

13.6 years

Price Difference:

-15000%

Expected Rent:

850€/month

Property description

This property is a leasehold for a semi-detached house, single-storey without a basement, featuring a developed attic floor and a living area of 103 square meters. The building, constructed in 1965, also includes storage and shed buildings on the land. It has been unused for several years, and therefore interior visits were not possible. The leasehold was granted on May 24, 2002, for a duration of 90 years. The property represents a unique opportunity to acquire a home with potential for renovation or investment in a location that may benefit from future development. While the property requires updates and repairs due to its current condition, the significant potential for value appreciation exists given the right renovations and market conditions. This property is ideal for a buyer willing to invest time and resources into restoring it to its full potential.

Location

06116 Halle (Saale)

Date added: 03.12.2024

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