house for sale in Essen, Germany

from the perspective of a buyer, the property in question is a 6-family semi-detached house located in Essen-Überruhr-Holthausen with a total living area of approximately 348 m². It has 6 flats and is in good condition. The building has potential for stunning improvements in rental income, as new tenants could collect up to €1,000 (currently €720) in weekly rent. The property is well-connected, with easy access to the A40 and A52 highways, making it an attractive option for commuters. The ground-floor apartment is perfect for self-use or as an investment opportunity due to its generous space. The construction year for the property is 1968. The energy certificate shows the property has a low energy consumption of approximately 148 kWh / (m²a), with an energy class of E. The energy certificate is valid until 2028. Several renovations have been done over the years to improve the property's condition, including the replacement of all windows from around 1990 with modern PVC and state-of-the-art roller blinds. All balconies were refurbished and floored in 1999 and all roof gutters and downpipes were replaced with copper pipes. A skylight was also shut off in 2010, and the heating system and shower rooms were refurbished in the year 2018, where a modern gas central heating system was installed that heats both the semi-detached houses. The front facade was also refurbished in 2021, and the property was renovated and modernized to make it more appealing for potential buyers. It is well-structured and divided into 2 apartments on the 1st floor (left and right) each with 53 m², 2 apartments on the 2nd floor (left and right) each with 44 m² and 42 m², and a basement apartment with 52 m². All apartments are partitioned well with a fully equipped gas central heating system, PVC-ISO windows, and doors, and has parquet, laminate, carpets, and tiles for flooring. As a lifestyle purchase, the property offers a fantastic opportunity to live in a well-maintained, well-structured home that is close to amenities, shopping centers, food markets, and excellent public transport connections. For real estate investors, there is a great potential for high rental yield, as the property has been fully renovated and modernized to cater to the needs of modern tenants. The diverse range of unit sizes also means there will be something suitable for different tenant requirements. The fact that the property is fully rented with no rental arrears further increases its attractiveness for real estate investors. In conclusion, the property is a compelling investment opportunity and an excellent lifestyle purchase.