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House for sale in Torgau, Germany
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House for sale in Torgau, Germany

113 000€

04860 Torgau

Investment Breakdown

Gross Yield:

5.5%

Time to pay off with rent:

12.6 years

Price Difference:

-20%

Expected Rent:

750€/month

Property description

The property in Torgau is a two-story residential and commercial building featuring a partial basement and a convertible attic space. It encompasses a total living and usable area of 501.90 square meters. Originally constructed before 1930, the structure includes elements that date back to the 16th century, making it a unique blend of history and modernity. As an individual landmark, the building has undergone renovations since 1990, ensuring it retains some contemporary features. The annex was added in 1928, further adding to the property’s charm. Heating and hot water are provided by a central gas heating system, while additional room heating is available through individual stoves that use solid fuels. Decentralized electrical heating is used for hot water production. The overall condition of the building is average, but significant renovation work is necessary to restore it to its potential. The property boasts an annex and a rooftop terrace, providing additional leisure and utility space. Given the size and historical significance, this building represents an exciting opportunity for investors or individuals seeking a residence with both charm and potential, albeit with considerable restoration work ahead.

Location

04860 Torgau

Date added: 02.12.2024

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