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House for sale in Heiligenhaus, Germany
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House for sale in Heiligenhaus, Germany

267 000€

42579 Heiligenhaus

Investment Breakdown

Gross Yield:

5.5%

Time to pay off with rent:

18.5 years

Price Difference:

-15000%

Expected Rent:

1200€/month

Property description

This semi-detached house features one floor, a basement, and a converted attic. Each of the two apartments offers approximately 52/50 square meters of living space, comprising two rooms each, along with a single garage for parking. The building was originally constructed in 1954, with the attic being converted in 1974 to include dormer windows, and the garage was added in 2009. The heating system is outdated, relying on a gas heating system, while hot water is provided via an electric instantaneous water heater. Due to water damage, the property is in need of extensive renovation, presenting a significant opportunity for buyers willing to invest in restoration. This property stands out in the market, not only for its location in Heiligenhaus but also as a potential lucrative investment, especially considering the prompt for potential discounts during the auction process. It represents a unique chance for interested parties to acquire a property at a reduced price, with the added benefit of avoiding notary and brokerage fees.

Location

42579 Heiligenhaus

Date added: 27.11.2024

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