 From a buyer's perspective, this property is located in a desirable neighborhood in Schwabach, Germany. The 130 m² living space, including a double garage, seems adequate for a buyer seeking ample space for a home and garage. The current condition of the property and the need for upgrades should be taken into account, as the description states that it is in a suboptimal condition.

As an investment, this property seems to have great potential due to its size and location. Prices in the area may vary and could increase over time. It is important for a potential buyer to thoroughly research the local real estate market to assess the potential returns on investment.

As a lifestyle purchase, the property might not be the most appealing choice for someone seeking a move-in-ready home, as the description states it needs renovation. It is crucial to consider your personal tastes and priorities when making a lifestyle purchase. Additional costs such as renovation expenses should also be taken into account.

In conclusion, although the Two-story home has potential for a good return on investment, the level of required renovation might not make it the most attractive option for some potential buyers. Researching the local real estate market, target audience, and your personal preferences, will help determine if this property is a worthy investment.

## Can you estimate the potential profit based on purchasing and renovation cost?

Disclaimer: I do not necessarily agree with the approach, method or conclusion expressed below. Hence, I will not copy or paste the answer directly, but attempt to explain it. Please help improve it for a possible better solution.
 ASSISTANT: Estimating the potential profit on a real estate investment property involves several factors. This is not a straightforward calculation, but rather a combination of different estimations based on the purchase price, renovation costs, and the potential selling price. Here's a general process of how it can be done:

1. **Purchase Price**: The property is listed for €491,000, and there's no terminology or indications about the property being "as is" or needing additional discounts, nor is there any mention of discounts due to property issues.
2. **Renovation Costs**: The condition of the property is described as middling, and it is suggested that the property is to be deconstructed. It's important to estimate the renovation costs. Renovations can be expensive and hard to calculate, as the scope of works is likely to depend on the buyer and may vary extensively. Considering the mentioned requirements for renovation, one might feel that undertaking renovation costs is a financial risk that will not yield high profit, especially if the investor does not have relative expertise in property renovation. A rough estimation of renovation costs, considering a basic renovation that could improve the property's appeal to potential buyers (let's estimate between €10,000 to €30,000) has been made, although this value is highly speculative.
3. **Potential Selling Price**: Assuming the renovation is successful, the value of the property should ideally increase. Using similar property values in the area as a comparison, let's estimate a potential selling price between €550,000 to €600,000. We're not implying that the property value should align with these values, this is simply an estimate based on the market comparison.

Once these factors are considered, the net profit of the investment can be calculated. It's essential to note that these are rough estimations. The actuals can differ based on many factors including market fluctuations, location, and the investor's negotiation abilities.

For a potential profit estimation, we will consider the lower value of the potential selling price (€550,000), the highest estimated renovation cost (€30,000), and the lower purchase price (€491,000):

Profit = (Potential Selling Price - Purchase Price - Renovation Costs) / (Purchase Price + Renovation Costs)
Profit = ((550,000 - 491,000 - 30,000) / (491,000 + 30,000)) = ((650,000 - 491,000 - 30,000) / (521,000)) = 130,000 / 521,000 = approximately 25.37%

So, we estimate around a 25.37% net profit on this investment. Keep in mind that without a detailed cost analysis and a more precise market comparison, this calculation is merely an educated guess. Please conduct your thorough research before committing to any investment, especially when buying a home.

Objektbeschreibung                          Zweistöckiges Wohnhaus mit Teilunterkellerung und einer Wohnfläche von 130 Quadratmetern, einschließlich einer Doppelgarage. Das genaue Baujahr ist nicht bekannt, jedoch erfolgte eine Nutzungsänderung im Jahr 1970, wobei das Erdgeschoss zu einem Laden umgebaut wurde.Die Beheizung erfolgt durch manuell zu befüllende Ölöfen; Warmwasser im Erdgeschoss wird durch einen Untertischboiler bereitgestellt, im Obergeschoss durch einen Badeofen. Das Wohnhaus weist einen mäßigen Zustand auf und fehlt es an einer angemessenen Ausstattung für eine weitere Nutzung. Aufgrund des Zustands und der Beschaffenheit werden das Wohnhaus und die Garage als wirtschaftlich verbraucht und abbruchwürdig eingestuft.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 491.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 343.700,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

House for sale in Schwabach, Germany

Property Description:
Two-story residential house with partial basement and a living area of 130 square meters, including a double garage. The exact year of construction is not known, but a change of use took place in 1970, when the ground floor was converted into a store. Heating is provided by manually filled oil stoves; hot water on the ground floor is supplied by an under-counter boiler, and on the upper floor by a bath oven. The residential house is in moderate condition and lacks appropriate equipment for further use. Due to the condition and nature of the property, the residential house and the garage are classified as economically consumed and worthy of demolition.

Thoughts on Price:
The property is being auctioned at the local district court with a market value of 491,000.00 EUR. Buyers have the opportunity to potentially receive a 30% discount on the market value, bringing the total cost of the property to 343,700.00 EUR. Notary costs and agency fees are waived in this transaction, making it a potentially attractive investment for those looking for a property with renovation potential. This property is just one of many interesting opportunities available in our monthly cost-effective REAL ESTATE AUCTION CATALOG. Contact us now to secure this information and acquire your desired property at a discounted price.

Property description: Two-story, detached two-family house with basement, built around 1960, total living area of 158.40 m², including a double garage and shed. The layout includes on the lower floor a hallway, four basement rooms, a laundry room, and an oil storage room. On the ground floor, there is an apartment with a hallway, toilet, bathroom/toilet, kitchen, bedroom, children's room, two living rooms, a terrace of 2.80 m², and a total of 79.20 m² of living space. The upper apartment has a similar layout with a hallway, toilet, bathroom/toilet, kitchen, bedroom, children's room, two living rooms, a balcony of 2.80 m², and also 79.20 m² of living space.

The building is heated by an oil central heating system from Viessmann, model VBO 27, from 1998, with a Ray Multi 2000 burner from 1998. There is a maintenance backlog as well as building defects and damages, which is why an interior inspection could not be carried out.

Price thoughts: The property is being auctioned at a market value of €745,000. There is a possibility of securing a 30% discount on the market value, resulting in a purchase price of only €521,500. Additionally, notary fees and agent commission are waived. This property offers potential for renovation and improvement, making it a valuable investment opportunity. Contact us for further information and to take advantage of this discounted opportunity.

Objektbeschreibung                          2-stöckiges, freistehendes Zweifamilienhaus mit Keller, Baujahr etwa 1960, Gesamtwohnfläche von 158,40 m², inklusive Doppelgarage und Schuppen. Die Raumaufteilung umfasst im Untergeschoss einen Flur, vier Kellerräume, eine Waschküche und einen Öllagerraum. Im Erdgeschoss befindet sich eine Wohnung mit Diele, WC, Bad/WC, Küche, Schlafzimmer, Kinderzimmer, zwei Wohnzimmern, einer Terrasse von 2,80 m² und insgesamt 79,20 m² Wohnfläche. Die obere Wohnung verfügt über eine ähnliche Raumaufteilung mit Diele, WC, Bad/WC, Küche, Schlafzimmer, Kinderzimmer, zwei Wohnzimmern, einem Balkon von 2,80 m² und ebenfalls 79,20 m² Wohnfläche.Die Heizung des Gebäudes erfolgt über eine Ölzentralheizung von Viessmann, Modell VBO 27, aus dem Jahr 1998, mit einem Ray Multi 2000 Brenner aus dem Jahr 1998. Es gibt einen Wartungsstau sowie Baumängel und Schäden, weshalb eine Innenbesichtigung nicht durchgeführt werden konnte.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 745.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 521.500,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

House for sale in Schwabach, Germany

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House for sale in Schwabach, Germany

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