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House for sale in Dungelbeck, Germany
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House for sale in Dungelbeck, Germany

220 000€

31226 Dungelbeck

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Price Difference:

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Expected Rent:

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Property description

Property Description: Detached single-family house with one floor, basement, and converted attic. It has a living area of 151 m², as well as a garage and a parking space for cars. The main house was built in 1949, the garage was added in 1957, and a former stable extension was converted into living space in 1971. In 2018, extensive modernization measures were carried out, including the renewal of the electrical wiring, windows, redesign of the room layout, facade insulation, and updating of the heating system. The ground floor consists of an entrance hall, hallway, bedroom, bathroom, dining room, kitchen, and living room. The attic has two hallways, another bathroom, and five children's rooms. Heating is provided by electric heaters, supplemented by a wood-burning stove. Hot water is provided by an electric instant water heater. The overall condition of the building is good, with only minor maintenance required. Thoughts on Price: The property is priced at 220,000€, which reflects the recent modernization and updates made to the house. With the potential to secure a 30% discount on the market value, the final price of 154,000€ presents a great opportunity for a cost-effective purchase. Additionally, the exclusion of notary fees and agent commission adds to the overall appeal of this property. Considering the size, condition, and location of the house, the reduced price makes it an attractive investment for potential buyers.

Location

31226 Dungelbeck

Date added: 06.11.2024

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