 Based on the description of the property, you are considering a two-story semi-detached house located in Essen, Germany. It was built around 1956 and has a living area of approximately 226 m², with the option for expansion in the attic. The house comes with a basement, which is completely finished and offers enough storage space for the property. The property has three garages, which is a significant benefit for additional parking and potential rental income potential. The house has been modernized in 2016, which suggests the property has been well-maintained and updated to a modern standard.

For a real estate investment, this property could be a good choice, especially considering its strategic position in Essen. Essen has a strong economy with many job opportunities and a solid growth prospect for the future. The property's size and location are ideal for both families and investors looking to rent out the property. Investors will also appreciate the additional revenue potential from the three garages. The property's asking price of 845,000€ (€845.000) is quite competitive for the area and type of property, as it offers good value and potential growth for the future.

From a lifestyle perspective, this property is ideal for anyone who values space and modern amenities in a convenient location. With a well-maintained house, the property has the potential to be a beautiful family home for years to come. The proximity to work and amenities, such as schools, restaurants, and shopping centers, will make daily life more convenient. Parking is also not an issue with three garages available for use.

Objektbeschreibung                          Zweifamilienhaus, Baujahr: ca. 1956, 2 Etage(n), Dachgeschoß ausgebaut, Wohnfläche: 226m², Keller/vollunterkellert, 3 Garagen, Umbau 2016

house for sale in Essen, Germany

 Based on the provided description, it is evident that the property in Essen, Germany is in a state of disrepair and requires significant renovation and repairs, which likely to make it unattractive for many potential buyers. The property consists of 8 apartments within a 3-story building with a basement and attic. The living spaces vary between 26 to 57 m², providing a total of 245 m² of living space. The property was built in 1929 and still has an old-fashioned interior that needs to be updated to modern standards.

Some of the issues noted in the description include:

- The heating system, which is gas-fuelled, is not functioning and needs to be replaced.
- Two apartments in the attic were not approved as living spaces and cannot be used as such.
- The attic apartment was damaged by fire, and no information is given about the extent of the damage or the repairs necessary.
- There is garbage and other items stored in the basement, which needs to be removed.

Given these issues, it would be challenging to estimate the property's value accurately. However, considering the extent of the repairs required, the buyer may consider purchasing the property for a discounted price due to the increased risk and effort involved in renovating it.

As for the lifestyle aspect, living in this property would likely be challenging due to the ongoing renovation and improvements required. It is also unclear if the property is inhabitable or if living there during the renovation would be impossible due to safety concerns.

In conclusion, the property in Essen, Germany, described in the buyer's perspective, has significant issues that make it a risky investment and a challenge as a lifestyle purchase. Potential buyers would need to weigh the advantages and disadvantages carefully before making a decision. The described issues should also be addressed to significantly reduce the risk and increase the appeal of the property to potential buyers.

Objektbeschreibung                          Einseitig angebautes Mehrfamilienhaus mit zwei Hälften, bestehend aus insgesamt 8 Wohnungen. Das Haus ist 3-stöckig, unterkellert und hat ein ausgebautes Dachgeschoss. Die Wohnflächen variieren zwischen 26 und 57 m², insgesamt bietet das Gebäude 245 m² Wohnfläche. Es wurde im Jahr 1929 erbaut.Die Heizung, die mit Gas betrieben wird, ist nicht funktionsfähig und muss daher erneuert werden. Die beiden Wohnungen im Dachgeschoss wurden nicht als Wohnraum genehmigt. Eine Dachgeschosswohnung ist ausgebrannt. Im Keller liegen Müll und diverse Gegenstände auf dem Boden, die entsorgt werden müssen. Insgesamt besteht ein erheblicher Renovierungs- und Instandsetzungsbedarf. Eine Innenbesichtigung war nicht möglich.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 263.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 184.100,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

 From a buyer's perspective, this 6-family duplex property located in Essen-Überruhr-Holthausen is an attractive investment opportunity. With a price of €880,000, it offers a good return on investment, especially considering its modest size of 348 m² and a monthly rent of €36,060. The house has a total of 6 apartments, 3 balconies, 4 garages, and is in a good location with excellent transportation links to local highways.

As for lifestyle considerations, the property offers a comfortable living space for self-use. The property in its current condition will be able to provide a substantial income, making it an attractive investment for buy-to-let opportunities. As all the necessary renovations and upgrades were done in 2010 and before, no significant additional expenses should be expected in the short term. The improvements to the property have assured that it remains attractive to potential tenants, and the property is currently fully let, providing a guaranteed income. It's important to note that the property has a long-term lease of up to 2028, providing added security for investment. All in all, this property presents a fantastic opportunity for real estate investors and those looking to improve their lifestyle by owning a comfortable, spacious duplex house in a good location.

Objektbeschreibung                          Das 6-Familien-Doppelhaus liegt in guter Lage in Essen-Überruhr-Holthausen.Gute Verkehrsanbindung zu den Autobahnen A 40, A 52.Die Erdgeschosswohnung hat einen großen Mietsteigerungspotenzial, bei Neuvermietung kann ca. 1000 (aktuell 720) an Kaltmiete erzielt werden. Auch für Selbstnutzung ist diese Wohnung sehr passend.Baujahr: 1968Wohnfläche: ca. 348 m²Grundstück: 485 m²6 Wohnungen3 Balkone4 GaragenEnergieausweis: Energieverbrauchskennwert 148kWh/(m2a), Klasse E. Gültig bis 2028Instandhaltungs-, Sanierungsmaßnahmen:Alle Fenster von ca. 1990 nach und nach in Kunststoff-Iso Fenster und Kunststoffrollläden ausgetauscht.Alle drei Balkone wurden 1999 saniert und gefliest und alle Dachrinnen & Fallrohre in Kupfer erneuert.2010: Eine Dachgaube gedämmt. Bädersanierung:Souterrain: 2010DG links und rechts: 2014OG1 links: 2016Im Jahr 2018 erneuerte Gas-Zentral-Heizung versorgt zusätzlichdas rechte Mehrfamilienhaus. Heizkosten werden entsprechend abgerechnet.Frontfassade mit Armierung: 2021Aufteilung:Erdgeschoss 104 m²1. OG links und rechts je 53 m²2. OG links 44 m²2. OG rechts 42 m²Souterrainwohnung: 52 m²GaszentralheizungKunststoff-Iso-FensterKunststoff-RolllädenLaminat, Teppich und FliesenAktuelle Jahreskaltmiete: 36.060 EUR.Es gibt keine Mietrückstände. Das Haus ist voll vermietet. Bitte keine Makleranfragen.

 Estimated Value for Real Estate Investment: 

The property in question is a 6-family, double-house located in Essen-Überruhr-Holthausen, which is a good location with excellent connectivity to the autobahns A 40, A 52. The surplus living area of approximately 348m² on the ground floor has a high potential for rent increase. A self-occupant could also benefit from this layout. The house was built in 1968 and features 6 apartments, 3 balconies, and 4 garages, making it an attractive investment opportunity. The energy certificate class is E, with an energy consumption of 148kWh/(m2a). The property has undergone extensive renovations over the years, including replacing old windows with PVC-Iso windows and roller blinds, sanitizing the three balconies, and renovating all the rain gutters and fall pipes, made of copper. In addition, a muffler was installed on a gable roof in 2018 for the gas central heating system, which supplies heating to both the family home and the adjoining building.

To get a detailed picture of the potential net income for the property, we should consider the property's current rent situation. The building is fully rented, with no outstanding rents. The annual rent is 36,060€, and significant rent potential exists, as a new tenant could be charged around 1000€ per month (approx. 720€ currently). A complete rent potential could be 49,200€ in the future, given the demand and a thorough inspection of the property.

To compute the NET cash flow annually, the current rent is deducted from the potential rent, plus the acquisition costs, maintenance costs, repair costs, and any other expenses (e.g., taxes, insurances, etc.). The sum of these costs should ideally be covered by the net rental income to ensure a steady and profitable investment.

Estimated Value for Lifestyle Purchase:

For a potential buyer who might be interested in self-occupancy, the property offers a 6-family, 348m² of living space with 3 balconies and 4 garages, making it a spacious and comfortable home for a large family. The buyer also gets 2 additional 2-family apartments, totalling 465m2 of living space and an uncluttered living environment.

The modern amenities like the PVC-Iso windows, roll-up shutters, and laminate flooring, and kitchens contribute to the overall comfort of the space. The points mentioned above, coupled with the central location and the great commuting options, are likely to improve the buyer's lifestyle appreciably. Buyers who choose to use the property for other purposes such as starting or running a business, for self-catering, or other income-generating activities, will also benefit significantly from the property's strategic location and attractive layout.

 From a buyer's perspective, this property located in Essen, Germany, offers a significant investment opportunity. The property features 202 m² of living space, along with an additional 109 m² of usable space, including a garage, workshop, and storage rooms. The age of the property, dating back to 1832, adds to its charm and presents an opportunity for a complete renovation, which can potentially result in a higher market value.

However, the property's current condition is described as "dringend renovierungsbedürftig," meaning it is in dire need of renovation. This, along with the partial conversion of the attic without the necessary building permits, may pose challenges to potential buyers. The presence of an oil-fired heating system and a Swedenofen may also require some investment for modernization and efficiency.

As a lifestyle purchase, this property could be an ideal choice for someone looking for a project and a historic property with charm. However, it may not be suitable for those looking for a move-in-ready home or for investors who want to achieve a quick return on investment through modernization and renting out the property.

Considering the current market value of 620,000€ and the estimated potential reduction of 30%, the selling price can be negotiated to 434,000€. With additional savings on notary costs and commission, the property might be an attractive investment opportunity for those with the vision and resources to renovate and modernize.

Objektbeschreibung                          Das Einfamilienhaus ist ein Fachwerkhaus über ein Geschoss, teilweise unterkellert, mit ausgebautem Dachgeschoss und einer Wohnfläche von 202 m². Zusätzlich gibt es einen ehemaligen Stall, der zu einem Anbau umgebaut wurde und eine Gesamtnutzfläche von 109 m² bietet, inklusive Abstellraum, Waschküche und Bad. Außerdem gibt es zwei Garagen, eine ehemalige Schmiede mit 58 m² Nutzfläche und einen Holzschuppen. Das Gebäude stammt aus dem Jahr 1832, der Anbau wurde 1952 hinzugefügt. Die Raumaufteilung umfasst im Erdgeschoss eine Diele, ein Zimmer, eine Küche und ein Wohnzimmer. Im Dachgeschoss gibt es einen Flur, ein Bad, ein separates WC und vier weitere Zimmer sowie ein weiteres Bad.Die Heizung wird wahrscheinlich mit einer Ölheizung betrieben, zusätzlich gibt es einen Schwedenofen. Der hintere Teil des Dachgeschosses wurde ebenfalls umgebaut, jedoch konnte keine Baugenehmigung dafür gefunden werden. Diese Räume können nicht als Wohnräume genutzt werden, sondern nur als Hobby- oder Abstellräume. Das Wohnhaus ist dringend renovierungsbedürftig und hat eine durchgehend veraltete Ausstattung. Die Schmiede befindet sich in einem maroden Zustand. Eine vollständige Innenbesichtigung war nur teilweise möglich.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 620.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 434.000,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

 Based on the given property description, we can estimate that negligence-, environmental, and investment risks are low. The property, located at 45357 Essen, appears to be a well-maintained, multi-family house with 3 units spread across 2 floors and a fully fitted basement. The presence of a loft suggests additional living space. With a total living area of 295m², the property offers a combination of 3 separate units, which can be managed independently or combined for flexible use. The property has a large warehouse, which could be used for various purposes, such as storage, a workshop, or even converted into additional living space. Three garages provide ample parking and storage space. All said, this property has good potential for both real estate investment, given its competitive price and income potential, and as a lifestyle purchase, offering a comfortable and spacious living environment in the Essen region.

Objektbeschreibung                          Mehrfamilienhaus, Baujahr: ca. 1969, 3 Einheiten, 2 Etage(n), Dachgeschoß ausgebaut, Wohnfläche: 295m², Keller/vollunterkellert, 3 Garagen, freistehend; Wohnflächen ca. 106 m², 98 m² und 91 m²

house for sale in Essen, Germany

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