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House for sale in Hilgenroth, Germany
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House for sale in Hilgenroth, Germany

87 000€

57612 Hilgenroth

Investment Breakdown

Gross Yield:

6%

Time to pay off with rent:

8.5 years

Price Difference:

5000%

Expected Rent:

850€/month

Property description

This charming two-story single-family home, set in the picturesque village of Hilgenroth, offers a unique opportunity for potential buyers. With a total living area of 139 square meters and an additional usable space of 301 square meters, this property promises ample room for comfortable living and future expansion. The home, built in 1972, features a convertible attic that presents an exciting possibility for further development, allowing new owners to tailor the space to their individual needs. Complementing the home is a spacious attached double garage, which includes a hobby room—ideal for those seeking extra workshop or leisure space. The garage was constructed in 1975, enhancing the convenience and functionality of the property. Additionally, the plot includes a vacant piece of land, offering further potential for outdoor projects or landscaping. The property is heated via an oil heating system, providing a reliable source of warmth during the colder months. Please note, the interior of the house has not been viewed, thus any renovations or updates will need to be assessed based on buyer preferences. This versatile property is being sold at a competitive market price of €87,000, which may offer buyers a unique opportunity to acquire real estate below market value, especially given the possibility of a 30% discount at auction. This might result in a final purchase price of just €60,900, a compelling proposition in the current market. Buyers should consider the significant benefits this home offers, combined with the potential financial advantages of purchasing a property at auction without the need for additional notary fees or realtor commissions.

Location

57612 Hilgenroth

Date added: 04.12.2024

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