1/1
House for sale in Saalfeld/Saale, Germany
second image

All photos

third image

Look at map

third image

House for sale in Saalfeld/Saale, Germany

274 700€

07318 Saalfeld/Saale

Investment Breakdown

Gross Yield:

6.5%

Time to pay off with rent:

1526.1 years

Price Difference:

10%

Expected Rent:

15€/month

Property description

This magnificent property is a Renaissance-era castle featuring a total of 10 residential units. With a combined living and usable area of 890/1,070 square meters, the property boasts charming features, including a terrace and a winter garden. It also comes with a gatehouse that offers an additional living space of 117 square meters, a series of ancillary buildings, a barn, and ten parking spaces. Built in 1534, the building is protected as a historical monument and underwent restoration prior to the year 2000. Furthermore, the estate includes forested areas, enhancing its natural appeal. The heating system is diverse, utilizing a wood stove, some electric heaters, and oil stoves, while the gatehouse benefits from an oil central heating system. Please note that an internal viewing of the property was not possible, and it requires extensive renovations, including significant repairs to the severely damaged external plaster and notable vertical cracks in the facade. This property represents a unique opportunity for investors and those looking to restore a piece of history.

Location

07318 Saalfeld/Saale

Date added: 13.12.2024

More properties for you