house for sale in Schieder-Schwalenberg, Germany

Thank you for providing the property description. Based on this information, I will analyze the property from a buyer's perspective and estimate its suitability for real estate investment and lifestyle purchase. Property overview: The property is a detached building with multiple 3-room apartments spread over two floors and a basement. The total living space is 255 m², and it includes balconies, a terrace, and a garden. Additionally, there is garage parking and a storage shed on the property. The building was constructed in 1970, with modernizations made in 2007/2008, including window glazing and a new heating system. An oil-fired central heating system is used for heating, and the basement is partially converted into a separate apartment with external access. However, no formal authorization for this usage has been found. Price and additional information: The listed price for the property is 240,000€. The property is being auctioned at the local court, and the buyer should be aware that there may be additional costs, such as notary fees and brokerage fees. The property is featured in a monthly publication of a cost-effective real estate auction catalog. Real estate investment potential: To estimate the property's potential as a real estate investment, we need to consider factors such as location, condition of the property, and market trends. The property is located in 32816 Schieder-Schwalenberg, which is a popular area with excellent connectivity. The fact that the property can be found in a cost-effective real estate auction catalog indicates that there may be opportunities for a good investment. However, the condition of the property might require some capital investment for repairs and upgrades. The current layout of the property provides multiple income streams, as it can be used as a single residence or divided into three apartments. This versatility could attract potential tenants or buyers, which could contribute to a higher rental yield or resale value. It is essential to consider the potential rental income, as well as the potential for future appreciation, to assess the overall investment potential. Lifestyle purchase: For potential buyers seeking a lifestyle purchase, this property offers various amenities, including a garden, terrace, and balconies, providing an outdoor space for relaxation and entertainment. The property's location in a popular area offers good connectivity for shopping, leisure activities, and transportation options. The presence of multiple 3-room apartments could also cater to the needs of a growing family or for accommodating guests. However, it is essential to consider that there is potential for noise or privacy issues if the property is used as a multi-family residence. In conclusion, based on the provided information, the property could be an attractive investment opportunity due to its location, multiple income streams, and potential for capital appreciation. However, potential buyers should consider the property's condition and any additional costs, such as repairs or renovations, as well as the potential impact on their lifestyle, particularly if the property is converted into a multi-family residence.