1/1
House for sale in Schmolln, Germany
second image

All photos

third image

Look at map

third image

House for sale in Schmolln, Germany

61 000€

04626 Schmölln

Investment Breakdown

Gross Yield:

6.9%

Time to pay off with rent:

12.1 years

Price Difference:

-15000%

Expected Rent:

420€/month

Property description

This two-story terraced house is located in Schmölln and offers a living area of 69.96 m², along with a basement and a shed. The property was built in 1928 and underwent modernization after 1990, which included the installation of new windows, a heating boiler, partial electrical installations, the addition of a bathroom, a new auxiliary entrance door, and improvements to the interior decor. The layout of the house is functional and practical. On the ground floor, there is a hallway, a foyer, a bathroom with a toilet, and one bedroom. The upper floor features a corridor, a storage room, a dining room, a kitchen, and a living room, making it suitable for small families or individuals looking for a cozy home. Heating and hot water are supplied through an oil central heating system. While the house has potential, it does show signs of deferred maintenance and requires some finishing touches to reach its full potential. The shed is only partially usable, and the garden area has been neglected, making it overgrown and wild. This property represents a foundational opportunity for those willing to invest in renovations and gardening to restore it to its former glory.

Location

04626 Schmölln

Date added: 18.12.2024

More properties for you