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House for sale in Lauchhammer, Germany
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House for sale in Lauchhammer, Germany

40 000€

01979 Lauchhammer

Investment Breakdown

Gross Yield:

6%

Time to pay off with rent:

3.7 years

Price Difference:

-20000%

Expected Rent:

900€/month

Property description

This property is a single-family house built in 1900, situated in Lauchhammer. It features one floor with partial basement and a partially developed attic. The total living space is 150 square meters, and it includes an additional outbuilding. A partial modernization occurred in 2000, which updated the windows, heating system, and facade. The property is accompanied by a garden, enhancing its appeal for potential occupants. The layout of the house includes various functional spaces. In the basement, there are corridors, two storage rooms, an oil tank storage area, and the heating room. The ground floor comprises an entrance hall, a kitchen, two bathrooms, a corridor, a room equipped with a kitchenette, and living areas. The attic contains two smaller rooms that have limited suitability for residential purposes due to their size, alongside two additional rooms. Heating and hot water supply are provided by an oil heating system. Notably, one bathroom remains unfinished. Additionally, the roof, top floor ceiling, and basement ceiling lack adequate insulation, and the attic area is only partially and insufficiently insulated. The overall structural condition and fittings are evaluated as average to poor, necessitating further investment. Furthermore, the property is located in proximity to the railway station, resulting in significant noise disturbances from nearby train traffic, which could affect the living experience. Overall, this property presents a unique opportunity for those willing to undertake renovation work and adapt the space to their needs.

Location

01979 Lauchhammer

Date added: 09.12.2024

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