| Usable floor area | 550 m² |
|---|
| Purchase price | 1.020.000 € |
|---|---|
| Commission | no commission for buyers |
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 assumptionsFor sale is an older building in a central location in Bielefeld-Mitte with attractive potential for appreciation, offering an interesting opportunity particularly for project developers, construction companies and professional real estate investors.
The historic building fabric provides a solid foundation for developing modern apartments with charming period character. Comprehensive refurbishment in particular offers considerable potential to sustainably enhance the property.
A high-quality revitalization can create a modern residential product in a historic building. The combination of period character, a central location and contemporary specifications opens up a range of potential strategies for realizing the property's value.
In addition to conventional letting of up to eight apartments, the property is particularly suitable for subdivision followed by the individual sale of the renovated condominiums. Comparable residential properties in Bielefeld-Mitte show that refurbishment can achieve a significant increase in value compared with an unrenovated property. Alternatively, the property is suitable for long-term ownership. Given that each apartment measures approximately 83 m², the units could also be used as shared apartments for three people. This could create up to 24 shared-apartment rooms in total. Bielefeld's central location and large university campus offer particularly promising prospects for student housing and young professional concepts.
Highlights:
•central location in Bielefeld-Mitte (Luisenstr. 11)
•plot size 428 m²
•approximately 550 m² of current living space, divided into 7 residential units
•additional potential for expansion (approx. 50 m²) in the attic to create a further residential unit
•2 occupied units; the remaining units are vacant
•a variety of potential use and exit strategies
•condition: extensive renovation and modernization required
•sale without commission
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