| Living area approx. | 217 m² |
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| Usable floor area | 217 m² |
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| Purchase price | 270.000 € |
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| Price per m² | 1,244.24 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsCapital investment with listed-building character in Walsrode – living, working, and attractive tax advantages combined!
This special property in Walsrode combines historic charm with attractive return and development opportunities and is specifically aimed at investors who value substance, tax advantages, and long-term value retention.
The building was erected around 1870 in solid construction and was added to the register of listed buildings in 1998 as an individual architectural monument of historical significance. Its preservation is in the public interest, which results in considerable tax advantages for investors. Compared with new-build and existing properties, listed properties offer particularly attractive depreciation options.
Listed-building depreciation
The basis for this option is the anchoring of Sections 7h/7i in the German Income Tax Act. You can depreciate and claim for tax purposes the complete modernization costs (including pro rata ancillary costs) at 100% within 12 years. For the first 8 years you use 9% and for the next 4 years 7% of the listed-building depreciation.
Costs for financing and rental income are, of course, also taken into account.
Straight-line depreciation (older building) 2.5% for buildings erected before 1925.
Another tax advantage
In the event of a later sale of your property after the 10-year speculation period has expired, capital gains are also tax-free.
The property currently has a living area of approx. 217 m², spread over four units, and is situated on an approx. 928 m² plot in a natural yet central location in Walsrode. Currently, annual rental income of €9,840.00 is generated from three rented residential units.
The ground floor offers particular development potential. The former weaving mill with an area of approx. 100 m² is currently vacant and opens up a wide range of possible uses. By suitable conversion, two additional residential units can be created here, so that in future up to five units will be available in total and rental income can be increased significantly.
Historically, the property is characterized by its special use. On the ground floor there was once a hand-weaving museum with a collection of historic looms and spinning wheels. Even after 2004, courses in traditional peasant weaving were still offered here. The fabrics created there are now in the Heidemuseum issued. This past underscores the special character and cultural significance of the building.
In addition to its classic use as an investment property, the property also offers flexible concepts for living and working. Both complete rental and a combination of owner-occupation and rental are conceivable. It is also possible to operate an office, a practice, or a small café on the ground floor, for example, whereby partial commercial use is subject to approval.
The location is convincing due to its proximity to the city center as well as good access to the local infrastructure. Shopping facilities, amenities for daily needs, and other offerings are quickly accessible. The local recreation area “Eckernworth” is only a few minutes' walk away and offers a high recreational value.
In recent years, the property has been continuously modernized and maintained. A large portion of the sash windows were replaced between 2010 and 2024. In 2023, the dormer windows were partially renovated and the roof windows, including blackout blinds, were replaced; a new gas boiler was also installed. The rental apartments were modernized and renovated in the period from 2019 to 2021. Electrical systems, pipes, and bathrooms are generally in good condition.
The plot comprises approx. 928 m² and is designed to be easy to maintain in the front area. A hedge borders the property toward the street. In the rear area there are generous spaces with sufficient parking possibilities.
The outbuilding is currently in need of renovation.
Additional usable/storage space could be created here for all residential units.
Overall, this is an attractive investment property with historical character, tax advantages, and additional expansion potential in a sought-after location in Walsrode.
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85.860 € Rented condominium in Walsrode29664 Walsrode
699.000 € Investment – 7 apartments in one package29664 Walsrode
