Other for sale in Preußisch Oldendorf, Germany

• Bad 2
• Balkone 1
• Terrassen 1

Property Description This spacious property was built in 1964 on a plot of approximately 736 m² and offers a variety of potential uses as well as significant expansion potential. Originally designed as a fully basement two-family house with an additional single-story annex (hair salon), the property will be a true gem after extensive modernization. Due to the year of construction and the associated need for modernization, a comprehensive renovation and expansion concept has been developed and approved. All necessary calculations, including structural analysis, thermal insulation, and living space, have already been prepared by the architect. A building permit for the expansion of the attic with two new dormers is available. Furthermore, the demolition and rebuilding of the former hair salon is advisable. It could be enlarged to two floors and used for residential purposes. A corresponding permit is also available for this purpose. This allows an increase in the current living space from approximately 250 m² to approximately 479 m², thereby creating a total of four attractive residential units. In addition, important evidence and concepts are available, including the GEG proof (Building Energy Act), the ventilation concept according to DIN 1946-6, and the heating load calculation. The renovation measures have already begun with the gutting. At the current stage, the following renovation measures have been completed: - All windows including the front door replaced (2019) - Wiring and distribution in both residential units renewed + new control cabinet in the basement (2023) - Bathroom on the ground floor completely renovated including supply and drainage pipes up to the basement (2021) The house is currently unheated and uninhabited. Curious? Convince yourself of this unique offer and schedule a viewing appointment! We look forward to seeing you. Price Thoughts The price of 299.900€ may seem high at first glance, but considering the potential for expansion and modernization of this property, it could be a worthwhile investment. With the opportunity to increase the living space and create four separate units, there is significant potential for rental income or resale value. The current renovation measures already completed add additional value to the property. This property presents a great opportunity for someone looking to invest in a property with a lot of potential for growth and return on investment.