House for sale in Essen, Germany

From a buyer perspective, this property offers a spacious 185 m² of living space with an attractive layout and features such as a terrace, garage, and two parking spaces. The house is well-maintained, and the renovation has already begun with the removal of the floors and walls. This renovation will provide you with a blank canvas to style the space as per your preferences and might be a bit costly although the price already reflects some renovation costs. However, its location near the Baldeneysee provides an excellent lifestyle experience, with stunning views of the lake and the opportunity for outdoor activities. The house is also only a short distance away from the city, providing easy access to amenities. As for real estate investment, this property is optimized for returns considering its square footage, the already begun renovation, and its prime location. The house is sold at 951.000€, and the estimated value after renovation will be higher, but this still depends on the completed renovation and surrounding market conditions. It is difficult to estimate the final return on investment and the profit margin without additional information about the planned renovation expenses, the extent of the renovation needed, and the current market status. To make a more accurate investment analysis, it is advisable to consult experts or real estate agents.