House for sale in Bielefeld, Germany

From a buyer's perspective, this property is described as a detached multi-family house consisting of four residential units spread across three floors. The units' sizes vary between 49 and 102 square meters, providing a total living space of 300.61 square meters. The house was built in 1900 and features infrared heating panels, with the hot water supply stored centrally in the cellar. There are reported dampness issues in the cellar. To find out more, you can contact the company via phone from Monday to Friday, 8:00 am to 8:00 pm, or on Saturdays and Sundays from 10:00 am to 6:00 pm. The property auction is conducted by the local court, and the actual market value is estimated at €550,000.By availing a 30% discount on the valuation, you can purchase this property for €385,000, which would also exclude notary fees and estate agents' commission. This is one of many attractive properties listed in our monthly, budget-friendly IMMOBILIENVERSTEIGERUNGS-KATALOGES. Secure these details now to acquire your favored property at a competitive price. For the investment aspect, the current housing market trends suggest a potential return on investment might be moderate to high, thanks to the property's prime location in Bielefeld and the rapidly growing real estate market in Germany. Additionally, the flexible living quarters of varying sizes could make the property attractive to a range of potential tenants or buyers, increasing its rental income potential. As a lifestyle purchase, owning this multi-family property would provide a steady income stream through rental income, assuming the units are rented out. Furthermore, the property, being part of the historical Bielefeld architecture, presents an opportunity to own and restore a piece of the area's history, which could also result in increased property value in the long term. However, the presence of dampness in the cellar might require additional investments to address and resolve these issues, which would be the first step in maintaining and improving the property from a lifestyle perspective.