House for sale in Bielefeld, Germany

Description: 50% share of a detached multi-family house with 3 apartments, 2 floors, basement, and converted attic. The living space ranges from 50-80 m² per apartment, totaling 207 m². The house features a garden, a single garage, and outdoor parking spaces in front of the house. The house was built in 1936, and the garage was built in 1966. The building was nearly completely gutted and modernized from 2019 to 2022. Please note that only the ideal half-share is being auctioned, and the ideal owner is dependent on the other co-owners for the use of the entire property. Heating and hot water supply are provided by a gas central heating system, which was renewed in 2020/21. However, heating metering devices are missing. The parking spaces in front of the house still need to be developed, and the garden appears to be neglected. Price thoughts: The asking price for this property is 266.000€. Considering the size of the property, the recent renovations, and the potential for a 30% discount on the market value, the final price of 186.200€ seems reasonable. It offers a good opportunity for someone looking to invest in a multi-family property with potential for rental income. Additionally, the fact that notary fees and agency commission are waived adds further value to the purchase. Overall, this property presents a lucrative investment opportunity for the right buyer.