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House for sale in Hinterweidenthal, Germany
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House for sale in Hinterweidenthal, Germany

166 000€

66999 Hinterweidenthal

Investment Breakdown

Gross Yield:

5.5%

Time to pay off with rent:

17.3 years

Price Difference:

-10%

Expected Rent:

800€/month

Property description

This is a two-story single to two-family house with a cellar and expanded attic, originally built in 1920 and reconstructed after the war in 1947. The property includes a double garage, a barn, and a wooden outbuilding used for animal husbandry. The layout of the house consists of four rooms in the cellar with partly packed earthen floors, and the ground floor features an entrance area, a WC, a hallway, a bathroom, a kitchen, a bedroom, and a living room. The attic contains a bathroom, a bedroom, a kitchen, and a living room. Heating is provided via a wood heating system, which is connected to a buffer tank located in the barn, built in 2012. While modifications are necessary for its use as a two-family house, the sandstone barn is at risk of collapse, and the outbuilding holds no value. The estimated cost for partial demolition of the barn and roofing of the heating room is €42,500. The property is surrounded by several other buildings, and the rear part of the fencing does not align with the actual property boundaries. The shape of the land is very irregular, offering unique challenges for future development or modifications.

Location

66999 Hinterweidenthal

Date added: 01.12.2024

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