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House for sale in Schwarzatal, Germany
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House for sale in Schwarzatal, Germany

16 000€

98744 Schwarzatal

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Expected Rent:

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Property description

Property Description: A detached single-family house with two floors, 40% of the house is basement. It has 132 square meters of living space and 18 square meters of usable space. Additionally, there is a garage formerly a stable with 29 square meters of usable space. The house was built in the year 1800. The layout of the rooms is as follows: On the ground floor, there is the entrance area, a workshop, a laundry room, a pantry, a toilet, a hallway, a kitchen, and a small living room with a total of 69.81 square meters. Upstairs, there is a hallway, a bathroom, a bedroom, and a living room with a total of 61.69 square meters. Heating and hot water supply are provided by a gas boiler. There are some repair backlog as well as building defects and damages in the property. Thoughts on Price: The asking price for this property is 16,000 EUR, however, it is being auctioned off by the local court. There is a possibility of securing a 30% discount on the market value, bringing the price down to 11,200 EUR. Notary fees and agent commissions are also waived. This property presents a unique opportunity for buyers looking to acquire a fixer-upper at a discounted price.

Location

98744 Schwarzatal

Date added: 16.11.2024

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