Published on 15/07/2026 · Last checked on 11/08/2026
| Type | Multi-Family House |
|---|---|
| Living Area ca. | 250 m² |
| Free From | Nach Vereinbarung |
|---|---|
| Rooms | 12 |
| Property Area | 551 m² |
|---|---|
| Construction Year | 1929 |
| Condition | Well kept |
| Heating Type | Central heating |
| Firing Type | Oil |
| Selling Price | 375.000 € |
|---|---|
| Price per m² | 1,500.00 €/m² |
| Courtage | no courtage for buyers |
For sale is a fully let multi-family house from 1929 with four residential units and approx. 250 m² of living space on a plot of approx. 551 m². The characterful main house with clinker brick facade, bay window and hipped roof contains one apartment each on the ground, upper and attic floors; a generous fourth unit is located in the extension. The clear layout with one unit per level ensures uncomplicated, sustainable lettability.
In 2020, the attic apartment and the ground-floor extension were renovated (including bathrooms, flooring, interior doors, painting work); since then, modernization and repair measures have been carried out within the usual scope. The property is heated by an oil-fired central heating system, the house has a basement, garages or parking spaces (approx. 25 m²) are available. A complete set of drawings (floor plans, elevations, sections) from 2020 is available.
The annual net cold rent currently amounts to €21,180 (€1,765 per month) – at a purchase price of €375,000, this corresponds to a gross initial yield of approx. 5.65% or a factor of approx. 17.7 and an entry price of only approx. €1,500/m² of living space. The tenants are long-standing, reliable and pleasant. Interesting for investors: with an average of approx. €7.11/m², the existing rents are below the Herford market level – with normal turnover, there is attractive rental increase potential without major investment.
All information is based on information from the owner as well as available documents and is provided without guarantee; errors and prior sale remain reserved. Yield figures and sample calculations are non-binding pre-tax calculations based on simplified assumptions and do not constitute investment, tax, or financing advice.
Further documents – detailed investment exposé, rent schedule, floor plans, elevations and sections – will be gladly provided to serious interested parties upon request. Viewings take place by prior appointment; in order to protect the tenants' interests, we ask that you refrain from direct visits to the property.
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The property is located on Werrestraße, an established residential area in the Hanseatic city of Herford with direct access to the city center. Shopping facilities, schools, kindergartens, doctors and restaurants are reachable within a few minutes. Public transport as well as the supraregional connection via the B239 and the nearby A2 and A30 motorways also make the location attractive for commuters toward Bielefeld and the entire East Westphalia-Lippe region; Herford train station also offers long-distance rail connections. Demand for affordable housing in Herford is consistently high – according to the information available, there has been no vacancy at this location.
