House for sale in Hattingen, Germany

Describe this property as a buyer from the perspective, taking into account its features, location, and price. Estimate its suitability for real estate investment and lifestyle purchase. Property Description: This freestanding house is located in Hattingen, Germany and offers a spacious living area of 194.79 m². The property features a separate entrance, ground floor, basement, attic, and mansard, providing ample living space. The house boasts a terrace and two parking spaces, ensuring outdoor entertainment possibilities. The property was constructed in 1975 and offers the following layout: washer/dryer room, separate storage room, WC, kitchen (52.11 m²), lounge, hallway, bathroom, bedroom, and walk-in closet on the ground floor; bathroom, bedroom, and walk-in closet on the attic floor; and a separate apartment with bathroom, office, and living room in the annex. The property is heated by a gas central heating system. Real Estate Investment: From an investment perspective, this property offers several advantages. The spacious living area and multiple rooms provide options for generating rental income through short-term rentals or long-term tenants. Additionally, the property is located in Hattingen, a well-established and popular area in Germany. The presence of multiple rooms and a separate annex also opens up options for potential expansion or income generation through Airbnb or homestays. However, it is essential to conduct thorough market research and consider factors like rent demand, local competition, and potential renovation costs before investing. Lifestyle Purchase: For those seeking a comfortable and spacious living environment, this property offers excellent potential. The layout and amenities cater to a comfortable lifestyle, with ample living spaces, a terrace, and plenty of outdoor recreational opportunities. The property's location in Hattingen also offers easy access to local amenities, transportation routes, and recreational activities. However, consider factors like local infrastructure, neighborhood demographics, and proximity to essential services when assessing the property's lifestyle suitability. In conclusion, this property offers potential for both real estate investment and lifestyle purchase, thanks to its spacious living areas, amenities, and desirable location. However, thoroughly researching local market conditions, rental demand, and potential renovation needs is essential to making a well-informed decision.