house for sale in Arnsberg, Germany

This property, located at 59757 Arnsberg, is described as a semi-detached, two-story house with approximately 210 m2 of living space, and a total plot size of 550 m2. The property has potential benefits such as a detached garage and three storage rooms with varying construction dates of 1968, 1975, and 1983. The property may have some potential issues though, as there seem to be unfinished development costs, and the exterior land appears unkempt. The property is subject to a hereditary building right, which suggests the potential for future expansion or modifications, subject to local land regulations. As a real estate investment, the property may require some work and cleaning before being fully rental-ready. The estimated rent for a location of this type is around 1.000 EUR / month, which gives you an estimated annual income of around 12.000 EUR after deducting taxes and expenses. In this situation, you could potentially enjoy a gross annual return of approximately 4,8 % on your investment of 255,000 EUR. From a lifestyle perspective, the property offers a decent amount of living space, garage, and additional storage, however, you would need to invest some time and money to bring the property up to your taste and requirements. Additionally, the unkempt state of the land may impact the level of privacy and ease of use of the outside spaces. Overall, the investment potential is moderate as you may need to invest time, effort, and other resources to fully leverage the property. Some long-term potential also exists if the property is well-maintained and optimized, leading to better rental income and further appreciation in value.