House for sale in Minden, Germany

• Keller

Property Description: This semi-detached house is a 2-story unit with a partial basement. It has an estimated build date of approximately 1966. The property features a basement that is fully connected, offering additional living space and storage. The total living area of the house is around 128 m², which can accommodate a comfortable lifestyle for a family or individuals who prefer more space and potential for expansion. Some of the house's assets are an extra attic, which is rarely found in other similar properties. The property is equipped with an eavesholders association and has an annual heating cost of approximately 6,921 euros (which may be subject to changes). It seems that the property has been occupied by the owner during the time of market analysis and may be in good condition as it is reported as being eigengenutzt (self-occupied). Since an interior inspection was not provided, it can be assumed that there may be some details that need to be addressed during the purchase negotiation or inspection process. Investment Perspective: As a real estate investor, the property has a market value of 118,000 € (not including taxes or the cost of living), which is considered affordable for the current market. However, it is essential to consider the property's age, overall condition, and the potential for renters within the local real estate market. Although being in a popular area where demand is steady, it might take some time and effort to ensure profitability, especially considering the almost 7,000 euros annual heating cost (which may vary and can be up for negotiation). The land value tax is around 600 euros per year and could be subject to change. Therefore, from an investment standpoint, potential buyers should be aware of existing maintenance issues that might arise whilst considering the potential short-term or long-term benefits of buying this specific property. Lifestyle Purchase Perspective: This property being eigengenutzt (self-occupied) by the current owner might indicate the potential for a well-maintained house for future residents. As it is located in a 3-bedroom house with a supportive infrastructure, it may have a sleeper potential for families or individuals who desire this particular layout. There is a lack of information regarding improvements, but this could be an opportunity for the buyer to incorporate their personal taste and flair while investing in this property. Even though the property is located in Minden, one should also consider any proximity to parks, public transportation, shops, and other desirable amenities since these factors can enhance the overall satisfaction and lifestyle of living in the property. The buyer will need to weigh these factors and determine if this property offers the right balance between space, presence, and convenience for their lifestyle preferences and needs.