House for sale in Halver, Germany

Based on the property description, this 6-unit, multi-family duplex with 284 square meters of living space was built in 1940 and is priced at €115,000. It has 3 rented units and is heated by electro-night storage heaters. Limited interior viewings were possible, and the property is being auctioned by the local court. The estimated market value is €115,000, and the potential purchaser could secure a 30% discount on this price, reducing the total investment to €80,500. This includes notary costs and estate agent fees. For a real estate investment, this property appears to offer a significant saving and discount on the estimated market value. However, the limited information provided and the property's age might raise concerns about potential maintenance and repair costs in the future. Furthermore, the seller has only allowed limited interior viewings, which may create uncertainty about the property's true condition and suitability for the potential buyer's needs. From a lifestyle perspective, owning this property would provide a passive income through renting out the units. This could be a good investment for someone looking to generate income from property while creating wealth over time. The property's location in Halver, Germany, offers potential lifestyle advantages, such as being surrounded by local amenities and proximity to other neighborhoods or cities. However, the location might not be ideal for those seeking peace and quiet or a more rural environment. Overall, this property has potential both as an investment and for a lifestyle purchase. However, the limited information available and the property's condition should be carefully considered before making a decision. It would be wise to obtain a detailed property inspection and legal advice before proceeding with any purchase.