House for sale in Erfurt, Germany

From a buyer's perspective, this property presents a unique investment opportunity. With its four-story, four-unit layout, the total living area is circa 400 m², making it an expansive family home or potentially a lucrative rental property, given that the units are all currently occupied. The four-bedroom layout in each unit could cater to a range of renter profiles and may be attractive to families or groups of professionals. The 1893 built-with-renovations status suggests that it has both historical charm and modern amenities, which may appeal to buyers who seek a sense of history and character. The property is located in Erfurt, and, while no specific neighborhood information is given, the fact that it's close to city amenities is noted. With a calculated annual yield of 3.08%, it could be a potentially profitable investment. However, it's crucial to weigh these potential rental returns versus the purchase price. With an asking price of €632,000, it's a considerable investment that would likely require further capital for improvements or refurbishments, depending on the current condition of the property. In terms of lifestyle, this property offers a significant amount of living space. The lay-out and the number of rooms available provide ample room for a family to spread out and have their privacy. It's also an opportunity for communal living while still maintaining individual spaces. As a potential investment, inspecting the premises is critical. The lack of a full internal inspection is a note of caution, and the mentioned difficulties in agreeing to a viewing suggests that there might be problems or below-par conditionsthat have not been disclosed in the listing. Prospective buyers must consider engaging a professional property inspector to assess the property's status before making a final decision. Finally, the opportunity to negotiate a discount of up to 30% on the listed price due to a pending auction is an attractive proposition. The savings it offers can be substantial, provided the buyer feels comfortable with the risks and potential costs of the property. It's a fantastic opportunity for someone with a knack for investing in properties, with a comprehensive understanding and experience in their pre-auction consideration and,hnated bases.