House for sale in Sersheim, Germany

Property Description: This property, located in Schleswig-Holstein, Germany, consists of a 2-story, 2-family home and a 1-story, 1-family home, both with a total living area of 267 m². The 2-family home was built in 1927 and features 3 bedrooms on the ground floor, 1 bedroom on the upper floor, 1 bathroom, and a kitchen. The 1-family home, built as a barn in 1927 and renovated in 1977, offers 1 bedroom, a kitchen, a bathroom, and a living room in a separate building. Property Estimation for Real Estate Investment: 1. Location: This property is strategically located in Schleswig-Holstein, which is known for its scenic beauty and calm environment. Investing here can yield long-term benefits. 2. Property condition: Both properties require renovation, especially the 1-family home unit. This could represent added costs and effort. 3. Pricing: The property is priced at 862,000 EUR with the potential to secure a 30% discount on the estimated market value. 4. Investment potential: This property offers potential rental income and may be attractive for long-term investors who are willing to put in the necessary effort and capital into renovations. Property Estimation as a Lifestyle Purchase: 1. Living space: The 2-family home offers 134 m² of living space, and the 1-family home offers 133 m², making it spacious for a growing family or for multiple roommates. 2. Renovation and updates: The buyer would need to consider the cost and effort of renovations for both properties, which might be a drawback without professional expertise. 3. Valuation: The property offers a reasonable price considering its location and the need for renovations. 4. Property type: The 2-family home could be a great option for a growing family or someone looking for additional rental income. However, the 1-family home could be a great option for someone looking for a smaller living space with less maintenance requirements.