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House for sale in Luneburg, Germany
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House for sale in Luneburg, Germany

386 000€

21337 Lüneburg

Investment Breakdown

Gross Yield:

3.5%

Time to pay off with rent:

24.7 years

Price Difference:

-15000%

Expected Rent:

1300€/month

Property description

This property is a semi-detached family home featuring a separate apartment and is located in Lüneburg. Originally built in 1894, the residence is a single-story structure with a small basement and an attic that has been converted for additional use. The total living area spans 95 square meters, complemented by an additional 15 square meters of usable space. Inside the basement, you will find the heating room and an extra storage room. The ground floor layout includes an entrance hall, a bathroom with a toilet, a kitchen, two bedrooms, and a living room. The attic features a corridor, an office, another bathroom with a toilet, a bedroom, a kitchen, a living room, and a balcony. Heating and hot water are supplied via an outdated oil heating system. The property enjoys sufficient light and sun exposure, though there are some design issues with the layout that include passage rooms. There are various construction defects and damages noted, such as partial cracking, weathering marks on wooden panels and balcony structures, leaks in the balcony door, possible need for roof insulation, moisture issues in the basement, and significant rust formation on the steel beams supporting the basement ceiling. This property offers great potential for renovation and personalization to suit new owners.

Location

21337 Lüneburg

Date added: 12.12.2024

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