| Type | Block of flats |
|---|---|
| Living area approx. | 131 m² |
| Bedrooms | 4 |
| Rooms | 6 |
|---|---|
| Bathrooms | 2 |
| Plot area | 290 m² |
|---|
| Purchase price | 169.000 € |
|---|---|
| Price per m² | 1,290.08 €/m² |
| Commission | 2,98% (2,98 % inkl. MwSt vom not. Kaufpreis) |
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More financing calculators and assumptionsTwo-family house with a large garden – attractive investment opportunity in Übach-Palenberg
Located in a beautiful and quiet residential area of Übach-Palenberg, characterised by well-maintained detached and family homes, this two-family house was built in 1958. The property offers a total living area of approx. 131 m², distributed across two separate residential units, as well as a spacious garden with views of greenery.
The house is in a condition appropriate to its age. In many respects, the features no longer meet today’s residential standards, so modernisation and renovation measures are recommended. This gives the future owner the opportunity to upgrade and further develop the property step by step.
Ground-floor apartment – approx. 64 m²
The ground-floor apartment comprises two rooms, a kitchen, hallway, bathroom and guest WC. The centrepiece of the apartment is the living and dining area, from which you can access the spacious garden directly. The views of greenery and the quiet surroundings create a pleasant living atmosphere.
An additional special feature is the direct access from the garden to the basement.
Upper-floor apartment – approx. 67 m²
The upper-floor apartment is accessed via the communal staircase. The approx. 67 m² of living space comprises four rooms, a kitchen, hallway and bathroom. The classic layout offers a good division of space and versatile usage options.
Interesting for investors
Both apartments have been rented out for many years and currently each generate a monthly net cold rent of €330. This results in a current total net cold rent of €660 per month or €7,920 per year.
Due to the existing rental arrangements, the property is particularly suitable for investors seeking a two-family house with development potential and existing rental income.
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