Spacious renovation property with a secondary apartment – lots of potential for families or a multi-family house

Key facts

Purchase price & costs

About this house

This spacious renovation property in Ilsede-Ölsburg offers approximately 280 m² of living space, a separate self-contained apartment and a plot of approximately 800 m², providing exceptionally ample space for individual residential and usage concepts.

The house is suitable for a large family, multigenerational living, combining owner-occupation and letting, and especially for buyers and investors wishing to further develop the existing floor area into a multi-unit residential concept.

There is already a separate self-contained apartment of approximately 70 m². The numerous rooms, several bathrooms and existing layout allow for different living areas within the house. From today’s perspective, the layout offers good conditions for developing several self-contained residential areas. The specific permissibility under building law and the technical implementation of additional residential units must be examined by the buyer as part of their individual concept.

Particularly noteworthy are the generous room proportions, the pleasant ceiling heights and the building’s overall solid basic structure. The plot also provides space for a garden, leisure activities and individual design.

At the same time, it is clear that this is not a house ready for immediate occupancy. The interior requires extensive renovation. In particular, work is required on the bathrooms, wall and floor surfaces, interior fit-out and, presumably, substantial parts of the building’s technical systems.

In connection with earlier water damage, an affected wooden ceiling also needs to be replaced. The exact scope of the required work should be professionally assessed as part of the renovation planning.

According to the current assessment, the roof and façade are in a sound condition relative to the interior. Buyers therefore have the opportunity to implement a large family, multigenerational or multi-unit residential concept according to their own ideas on a good structural foundation.

Fittings and features, as described

- approx. 280 m² of living space
- approx. 800 m² plot area
- separate secondary apartment of approx. 70 m²
- numerous rooms and flexibly usable living areas
- potential for a multi-family or multigenerational concept
- several existing bathrooms
- generous room proportions and comfortable ceiling heights
- partially basemented with additional usable space
- garage and additional parking spaces available
- Roof and façade currently assessed as being in good condition
- Interior in need of extensive renovation or complete refurbishment
- Renovation required on a wooden ceiling as a result of previous water damage
- immediately available

Note on condition: The property is being sold in its existing condition. The interior requires substantial investment, particularly for interior construction, bathrooms, surfaces and technical installations. Buyers should budget an appropriate renovation reserve.

Other

The sale is commission-free and directly from the private owner.

The property is aimed at buyers who can realistically assess the renovation work required and develop it into an individual family home, multi-generational home or multi-unit residential concept.

The possibility of further subdivision into additional self-contained residential units is generally conceivable. The specific eligibility for building approval, any possible parking space requirements and the technical feasibility must be independently examined by the buyer and, if necessary, coordinated with the responsible authorities.

Viewings take place by prior appointment. Further documents can be provided to serious prospective buyers.

All information is based on the documents available and the current state of knowledge. Errors and changes reserved.

Location

Location details

The property is located in the Ilsede district of Ölsburg in a quiet, established residential area. The surroundings are predominantly characterized by detached and semi-detached houses and offer a pleasant living environment for families, multi-generational households and long-term-oriented investors.

Shopping facilities for daily needs, schools, kindergartens and medical care are located in Ilsede or the surrounding area. There is access to local public transport.

The cities of Peine, Salzgitter and Braunschweig can be reached by car and offer additional shopping, leisure and employment opportunities.

The location combines peaceful living with accessibility to the surrounding cities. Due to the living area, plot size and potential subdivision prospects, the property is of interest both to owner-occupiers and to investors with development and rental concepts.