House for sale in Porta Westfalica, Germany

• Keller

I will describe this property located at 32457 Porta Westfalica, based on the given details from a buyer's perspective. Property Overview: - Declared as a two-family house, it has approximately 109m² of living area, with the option of a basement floor that is either newly constructed or partially completed - The property was built around 1962, reflecting an older architectural style, which may hold some charm and historical value - With one floor and a fully basement, this house offers two living spaces, each with their own character - The listed price is 108.000€, placing it in the mid-to-high range within the local real estate market Investment Perspective: - The size, location, and asking price are appealing for a rental property. If the neighborhood offers good amenities and attractive rental demand, a potential investor could achieve good returns - However, the property's age and reported need for repairs may increase the initial investment cost, potentially offsetting potential returns in the short term. The investor would need to weigh these factors carefully to determine the long-term viability of the investment - While the property is suitable for both single-family living and multi-family use, it may be lowest risk and highest reward if utilized as rental property, as it provides ample potential rental income and a pool of potential tenants Lifestyle Purchase Perspective: - The age and level of repairs needed may not appeal to buyers looking for a move-in-ready home that can be updated and personalized to suit their taste. However, for those willing to invest time and resources into renovating, this property can provide a unique and affordable opportunity - The size and layout of the home can cater to expanding families, multi-generation living, or perhaps a someone wanting to create an income by renting out additional living space - Located in Porta Westfalica, the buyer will have access to a diverse community, local amenities such as schools, shops, and parks, and a desirable rural lifestyle with easy access to urban centers like Bielefeld In conclusion, this property presents a unique opportunity for buyers open to its older style and desired renovation. As an investment, it could provide long-term returns in a well-serviced neighborhood. Potential buyers should carefully consider the renovation costs, as they will play a crucial role in determining the overall profitability of the investment. As a lifestyle purchase, it would suit those who are looking to create their dream home with sufficient space for a growing family, or open to the prospect of generating supplementary income with a secondary rental unit.