| Plot area | 880 m² |
|---|
| Purchase price | 1.200.000 € |
|---|---|
| Commission | 5.95 |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThe Property & Plot
The spacious plot is currently developed with a two-family house (existing building) and 2 garages. Thanks to advantageous access from two sides of the street, the site offers optimal conditions for efficient redesign and maximum land utilization in a new-build project.
Development Option A: Modern Apartment Building (MFH)
The plot is ideally suited for the construction of a spacious, attractive apartment building. A calculation based on approx. 600 m² of living space (possibly more) appears feasible here:
•Ground floor: 2 spacious residential units (each approx. 100 m² / 3–4 rooms) with exclusive rights of special use to the respective garden areas.
•Upper floors: 3 to 4 bright 2–3-room apartments with sunny balconies.
•Parking: The site offers sufficient space for outdoor parking spaces (market value approx. €20,000), carports or a convenient underground garage (market value approx. €30,000 per parking space).
Development Option B: High-Quality Terraced Houses or Semi-Detached Houses
If your strategy focuses on selling individual properties, the corner plot’s excellent access provides ideal conditions for horizontal subdivision:
•Prestigious semi-detached houses: Construction of two spacious semi-detached houses (4 units in total) with private gardens.
•Modern row of terraced houses: Efficient use of space through a chain of 3 to 4 townhouses. Due to its location in a cul-de-sac, this creates a protected microcosm that is an absolute selling point, particularly for young families with children.
Profitability & Market Data (Barsbüttel Region)
This investment stands out with excellent return expectations in a value-stable environment:
UnitMarket value / potential
New-build condominiums€4,500 to €5,800 per m²
Car parking spaces (outdoor)Ø €20,000 per parking space
Underground parking spacesØ €30,000 per parking space
Rental potentialAbove average due to Hamburg’s surrounding commuter belt
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