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House for sale in Seegebiet Mansfelder Land, Germany
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House for sale in Seegebiet Mansfelder Land, Germany

89 000€

06317 Seegebiet Mansfelder Land

Investment Breakdown

Gross Yield:

6.8%

Time to pay off with rent:

12.4 years

Price Difference:

-15%

Expected Rent:

600€/month

Property description

This property is a single-story semi-detached house with a living area of 74.52 m², partially cellar and featuring an expanded attic. The building was likely constructed around 1953 and has been partially modernized. The estate includes a garage, a double carport, a storage room, and a shed. The floor plan of the ground floor consists of an entrance area, hallway, shower/WC, kitchen, and 2 rooms totaling 51.46 m². In the attic, there is a corridor and 3 rooms offering a combined living space of 23.06 m². Heating is provided through a gas boiler however, there is a significant backlog of repairs, and serious issues with the exterior facade have been noted. Additionally, traces of black mold have been discovered in the attic corridor. While the property presents challenges, it also offers the potential for considerable value appreciation following renovations.

Location

06317 Seegebiet Mansfelder Land

Date added: 11.12.2024

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