 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.

house for sale in Essen, Germany

 From a buyer's perspective, this 6-family semi-detached house offers great opportunities for both real estate investment and lifestyle purchases. Located in Essen-Überruhr-Holthausen, it benefits from excellent connectivity to motorways A 40 and A 52. The property features a ground-floor apartment with 348 m2 of living space, 485 m2 of land, and six apartments, making it an attractive proposition for both passive income through rental income and creating a unique living space for your family.

As an investment, the property shows potential for high returns, as suggested by the estimated rent of approximately 1000€ per month (based on marketing information), which is a significant increase from the current rent of 720€. However, keep in mind that you would need to carry out some renovations and upgrades, such as replacing the windows, improving the balconies, and upgrading the heating system.

For a lifestyle purchase, this property offers ample space and privacy for a large family or multiple tenants. The property includes three garages, ensuring ample parking space. It is also located near the Essener Nordbad, providing easy access to swimming and recreational activities for the family. Additionally, rolls and laminate flooring, kitchen appliances, and bathroom fixtures are already installed, making for easy move-in.

In conclusion, this property offers great potential as a real estate investment, with significant rent increases achievable through thorough renovations. Additionally, it provides an attractive lifestyle for a large family or multiple tenants, thanks to its spacious layout and prime 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.

 From a buyer's perspective, this 6-family duplex property in Essen-Überruhr-Holthausen offers a great investment opportunity and an attractive lifestyle purchase. The property is located in a good neighborhood with excellent transportation links to Autobahns A 40 and A 52, making it easily accessible and convenient for residents.

From an investment standpoint, the ground-floor apartment has a high rental potential with a possible rental income of around 1000€ per month (currently 720€), providing a healthy return on investment. The property also has 3 garage parking spaces, which can be additional income generators or used for personal use.

The house features a total living area of approximately 348 m² and is spread across an area of 485 m². It comprises 6 apartments, 3 balconies, and 4 garages. The property has been maintained well, with all fenestrations, balconies, and rainwater gutters replaced or refurbished several years ago, which significantly reduces potential repair costs.

The Energy Performance Certificate rates the property with an Energieverbrauchskennwert 148 kWh/(m²a) and a Class E, indicating that energy consumption can be improved. The energy certificate is valid until 2028, ensuring that any new investments made in energy efficiency are protected.

The property has undergone various renovations and reconstructions, such as a new roof, gas-fired central heating system, and full renovation of the basement. Additionally, the front facade is armored with concrete elements, providing an added layer of security.

Overall, it's a good investment opportunity for buyers looking to generate a steady income from rental properties or those who plan to live in one of the apartments and rent out the rest. It provides a desirable lifestyle with easy access to transportation, shops, and other amenities while offering a solid asset for growth and income.

 As a potential buyer, this property description offers a unique opportunity to acquire a well-maintained, two-story, single-family home in the 45239 Essen area. The key features of the property include:

* 180 square meters of living space and 45 square meters of usable space
* A partially underground garage (20 square meters) that has been converted into a laboratory
* A separate, pre-built garage (23.4 square meters)
* A garden and oil-fired central heating system
* Build year of 1960, with 1999 being the construction year of the garage

Based on the provided information, this property seems like an excellent investment opportunity. It has a proven track record, with an estimated market value of 655,000 EUR. You can secure a 30% discount on the valuation, which translates to paying only 458,500 EUR (including notary fees and brokerage) for this desirable property.

From a lifestyle perspective, living in a freestanding house with a well-cared-for interior could provide a comfortable and peaceful living experience. Moreover, the integration of a medical practice and ample parking space make it suitable for those who seek to combine professional and residential needs.

You should contact the listed phone number for more information regarding the auction process, price, and any additional details. Additionally, you can take advantage of the real estate auction catalog, which is periodically updated and promises to offer competitive and affordable property options.

Objektbeschreibung                          Freistehendes, zweigeschossiges Einfamilienhaus mit angrenzender Arztpraxis, größtenteils unterkellert, insgesamt 180 Quadratmeter Wohnfläche und 45 Quadratmeter Nutzfläche. Dazu gehört ein umgewandelter Garagenanbau als Labor (20 Quadratmeter), ein Garten und eine separate Fertiggarage im Freien (23,4 Quadratmeter). Das Gebäude stammt aus dem Jahr 1960, die Garage wurde 1999 erbaut.Die Heizung erfolgt über eine Öl-Zentralheizung, und der bauliche Zustand ist noch in Ordnung.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: 655.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 458.500,00 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.

 Property Description:

This 6-family duplex is located in a desirable neighborhood in Essen-Überruhr-Holthausen, providing easy access to local amenities, shopping and public transportation. For investors, the ground-floor apartment offers a high income potential with a current rental income of €1,000 and an ability to attract a tenant with an average income of 720€, giving a substantial income upside. The ground floor is also suitable for self-use, making it a versatile investment opportunity.

The property was built in 1969 and offers a total living space of approximately 348 m², with a garden size of 485 m². It features 6 apartments with 3 verandahs, 4 garages, and excellent energy efficiency with an Energy Performance Certificate rating of E, valid until 2028.

Major renovations have been carried out over recent years, improving the attractiveness and comfort of the property. All windows have been replaced with modern Iso Fensters and Kunststoffrollläden between 1990 and 2021, and all three verandahs were renovated and floored in 1999. Furthermore, all dachrinnen and fallrohre were replaced with copper in 2010, and the Bäderanlegung was renovated in 2010, 2016, and 2018, along with a new Gas-Zentral-Heizung, adding warmth and comfort to the entire property.

The front facade was repaired with armature in 2021, further adding to the safety and aesthetic appeal. The property is separated into 104 m² on the ground floor, 65 m² and 53 m² on the 1st floor on both left and right sides, and 44 m² and 42 m² on the 2nd floor right and left. The souterrain has an area of 52 m². The property offers two basement apartments, achieving rental income of €36,060 EUR annually.

## Real Estate Investment Perspective

The property presents an excellent investment opportunity due to its location in a popular neighborhood, combining high rental income potential and the potential for self-use. Additionally, the property benefits from a full renovation that incorporates energy-efficient features and a modern gas-central heating system. This attracts a pool of potential tenants seeking to rent properties with a high level of comfort and amenities for an affordable price.

The asking price of EUR 880,000 seems competitive considering the rental income, numerous updates, and sought-after location. As a result, investors can expect good returns on their investment and steady income, making it a desirable and potentially profitable purchase.

## Lifestyle Purchase Perspective

For those considering the property for self-use, the duplex offers a versatile living space with 6 apartments, providing ample room for an extended family or friends. With a total living space of 348 m², the property has good potential for dividing the space or creating separate living quarters, offering privacy and comfort. Moreover, the close proximity to local amenities and good transport links ensures easy access to shopping, leisure facilities, and workplaces.

The property has a modern two-bedroom apartment on the ground floor, which offers attractive living spaces and contemporary comforts. Additionally, the property's energy-efficient features contribute to a reduced ecological footprint and lower utility costs, making it an environmentally friendly choice. Ultimately, this property offers a unique opportunity for those seeking a spacious and comfortable home in a desirable neighborhood, while also providing a good potential for rental income.

 From a buyer's perspective, this 6-family duplex property located in Essen-Überruhr-Holthausen offers a great investment opportunity and a fantastic lifestyle purchase. The property's key strengths include:

1. Great location: With excellent access to transportation networks (Autobahnen A 40, A 52), this property is strategically situated in a desirable neighborhood.
2. High rental income potential: The ground-floor apartment has a strong rent potential, with an estimated rental income of around 1,000€ per month, a significant increase over the current 720€.
3. Versatility: The property's configuration and size make it suitable for both investment and personal use.
4. Recent renovations and upgrades: The property has undergone several renovations and updates, such as new windows, sanitized balconies, roof repairs, and a recent boiler replacement, ensuring that the tenants have comfortable living conditions and reducing the need for immediate capital-intensive investments.
5. Low vacancy risk: The property is already fully rented, minimizing the risk of vacancy and providing stable income for the buyer.

As a real estate investment, this property has the potential to generate good returns with minimal risk due to its strong rental income, desirable location, and low maintenance requirements. It is important to conduct a thorough due diligence of the property before making a final decision, including an analysis of the local real estate market, tenant turnover, and the potential for future rent increases.

From a lifestyle perspective, this property offers ample living space for a growing family or multiple generations, with three self-contained apartments and four garages. The duplex layout provides privacy for each family unit while allowing family members to live close to one another. Additionally, the property's location in Essen-Überruhr-Holthausen offers access to parks, shopping, and other amenities, contributing to a comfortable and enjoyable lifestyle.

house in Essen, Germany

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house for sale in Essen, Germany

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