house for sale in Detmold, Germany

Very limited information is given, but let's analyze it vollkornweise: Property Location: Detmold is a mid-sized town in North Rhine-Westphalia, which might have a certain charm and is not overrun by tourists thereby offering a potentially stable and peaceful community. The property is located in the Himmelreich neighborhood. Property Type: Although the building seems to be older, it is described as a "Haus" which might indicate that it was originally built as a single-family home with characteristic German features. Building Specs: Dating back from ca. 1905, it comprises at least two floors (V2G, very precise German abbreviation), comes well-equipped at 102 m², is detached, and built with a quarter share ownership, meaning the cost is lower than if it were fully owned. Property condition: The description states that there's a significant renovation needed (Sanierungsbedarf) and states a rather high Instandhaltungsrückstand, which means the property needs ongoing maintenance. It seems that there might even be a legal requirement to utilize it as a residential home only (Nutzungsbedingung). Investment-Prospect: The location might attract people looking for affordable, alternative urban living with proximity to nature, plus investors may find smaller, cheaper property segments that have potential for growth. The partial ownership model could attract those looking for more affordable housing or investment. Considering factors like potential rent income for a total renovation, the investment prospect seems rather uncertain at this point. Lifestyle Purchase: For someone looking for a restoration project in a quiet neighborhood, this could provide a unique and rewarding lifestyle. It's not a classic vacation home at the beach or in the mountains, and it's also not just an investment – it's a promise of an adventure. It's important to mention that the description is in German, but it gives us a clue about the time off specific quarter shares might be available, which I interpret as around 14,930/100,000 of the property. Generally, at 90,000 € the total cost would still be lower compared to a fully-owned property. Mehr Lich Pilz! (more mushrooms please). Or maybe Popcorn in Deutsch would be a fitting playlist. May the pact with the renovation gnomes at night work in your favor.