house for sale in Ahlen, Germany

From a buyer's perspective, this property is: 1. Price: The property is listed for 140,000€. However, taking into account a potential 30% discount, the effective purchase price would be 98,000€. This price point is affordable for a buyer with a decent budget but may not be within reach for those with a more restrictive budget. 2. Location: Located in Ahlen, Germany, this property is situated in a residential area with good access to everyday amenities such as schools, shopping centers, and public transportation. Furthermore, being close to the city center, there is potential for further development opportunities. 3. Property description: The property is a two-story house with a basement, providing a total living area of 158.83 m², including a garden. The house is partly built using materials dating back to 1910-1914 and is partly protected by historical preservation orders, which may add complexity and cost to potential renovations. The house has 7 rooms, 4 bedrooms, 2 bathrooms, a basement, and a kitchen, giving it a functional layout for family living. 4. Limitations: The property northeast-exposed, which may not provide much natural light during winter months. Additionally, thepartial inspection of the house means that some potential issues could arise during renovation or maintenance that are not currently known. 5. Potential rental income: Given the house's location and size, it has the potential to generate a decent rental income. For instance, local similar properties offer annual rent of around 13,500€, providing a potential return on investment, accounting for the rental yield. 6. Investment potential: Taking into account the house's potential rental income, affordable price compared to the local market, and its potential for appreciation, this property could be a good investment, particularly in the long term. However, additional expenses such as renovation and maintenance should be factored in. In conclusion, the property offers a mix of pros and cons from an investment and lifestyle perspective. It could appeal to those looking for a potential investment or those wanting to live in a spacious house with good access to amenities. However, potential buyers should be aware of the house's age, the need for future renovations, and consider if the listed price aligns with their budget expectations. Please note that any real estate investment or purchase decisions should be based on thorough due diligence and consultation with relevant professionals.