House for sale in Gronau (Leine), Germany

From a buyer's perspective, this property is a semi-detached house with 2-3 apartments and a commercial unit, featuring a total living area of 188 m². The building, which dates back to 1900, is protected under a heritage order, adding an historical touch to its charm. It comes with an oil-fired central heating system that has been decommissioned, and there are certain restrictions and requirements related to renovations due to the property's location in a protected area. The price of the property is €137,000, and it is estimated to have a market value of €109,800 after a 30% discount, including notary costs and broker commission. This makes it quite an affordable investment opportunity, especially considering its historical significance and unique layout. As an investment, the property seems attractive due to its protected status, which adds value and restricts supply. It also offers a combination of residential and commercial spaces, providing versatility for potential rental income or business opportunities. However, the need for renovations and the requirements under the heritage order might increase upfront costs and could pose challenges during the renovation process. From a lifestyle perspective, living in a renovated historical building can provide unique charm and character. The property's location in Gronau (Leine) might appeal to those seeking a quiet, picturesque environment, while the presence of a commercial unit on the premises could cater to those interested in running a business in a small town setting.