House for sale in Hagen, Germany

From a buyer's perspective, this property located in Hagen, Germany is a four-unit, three-story building with a potential floor area of 270 square meters. It includes a terrace and a garage with an additional annex, offering a total space of 119 square meters. The property was likely built during the Vorkriegszeit, but was reconstructed and expanded between 1948 and 1950, with the garage added in 1975. It is heated by an oil-fired central heating system installed in 1968. The asking price is €322,000, and the condition of the property seems to be average, with minor signs of weathering and some inconsistencies in the exterior finish. As an investment, the property's location in Hagen, a growing city with good transportation links, might make it an attractive prospect for renters. The current asking price seems reasonable, but it's important to conduct further market research to ensure a potential return on investment. For lifestyle purposes, the property offers a good amount of space for a family or multiple tenants. With the garage and additional annex, it could potentially be used as an income-generating property. However, like any investment, it's essential to weigh the advantages against the potential risks and costs of ownership.