House for sale in Duisburg, Germany

As a potential buyer, this property description presents both opportunities and challenges. The 213 m² of living space, distributed among three 3-room apartments, offers a great potential for real estate investment. However, it will require substantial renovation and modernization efforts to make the two vacant apartments habitable. This means that the initial outlay for the property, as well as the costs for renovation and modernization, will be considerable. In terms of lifestyle benefits, owning and potentially renting out the property could provide a steady income stream. The property is located in Duisburg, which has a vibrant community and good transport links, so there should be a demand for renting the apartments. However, this will also depend on the quality of the renovation and modernization work, as well as the current market trends in the area. The current condition of the property, with its under-average repair status and outdated heating systems, may present a challenge. The lack of energy-efficient measures, such as insulation and modern heating systems, means that there will be additional costs to make the property more eco-friendly and comfortable for residents. Overall, this property presents a mixed investment scenario. It has the potential for a good return on investment through rental income, but there are significant renovation and modernization costs to consider. To make an informed decision, you should also investigate the local real estate market trends, rental demand in the area, and the potential return on investment of similar properties once they have been successfully renovated and upgraded.