House for sale in Mulheim, Germany

• Keller

I have been provided a description of a property located in Mülheim, with an asking price of 1,243,000€, and here is my evaluation of it as a potential real estate investment and lifestyle purchase: From a buyer's perspective, this property is a single-family home with a 1-story layout and a living area of approximately 410m². The home was built in 1966 and offers a basement with a full-length cellar. It also includes a garage, which can be a great asset for those who own multiple vehicles or need additional storage space. As a real estate investment, the property appears to be a moderately priced option. The current market in Mülheim may be slightly cartel-like, which could impact the future appreciation potential over the long term. However, with its desirable space and potential for renovation, the property offers good potential for investors aiming to add value through refurbishment. From a lifestyle point of view, the property would suit someone looking for a spacious family home with plenty of room for entertaining friends and family. The layout is convenient for easy access to all the main rooms, while the garage and storage options are ideal for those who own multiple vehicles or have a tendency to accumulate belongings. Overall, this property would cater to both functional and lifestyle needs and could be an excellent investment opportunity for those willing to put in some renovation work. However, potential buyers should be aware of the current market conditions in Mülheim and carefully evaluate whether the property's potential aligns with their financial and lifestyle goals.