Representative villa with development potential for sale in Altenburg – Photo 1

Representative villa with development potential for sale in Altenburg

Wenzelstraße 5404600 AltenburgThüringen
Purchase price
190.000 €
Living area
411 m²
Rooms
12
TraumImmo ID: H4PEW83
Partner ID: 068692218

Published on 04/06/2026 · Last checked on 22/09/2026

Advertiser:
RegionalImmobilien24

Key facts

TypeVilla
Living area approx.411 m²
Rooms12
Cellar

Plot area673 m²
Usable floor area469 m²

Purchase price & costs

Purchase price190.000 €
Price per m²462.61 €/m²
Commission7,14%

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About this house

Old building gem from the Gründerzeit – versatile use & freely customizable

For sale is an impressive, detached villa from 1897, which combines the architectural charm of the Gründerzeit with exceptional development potential. The property was built by master carpenter Wilhelm Graichen on behalf of cardboard manufacturer Ernst Wittig and still reflects the representative architecture of this era today.

On a living area of approx. 410.71 m², a total of 12 rooms are distributed, accessed via a central staircase. The spacious and clearly structured floor plan allows for versatile usage concepts and individual adaptations.
The space offered is supplemented by approx. 58 m² of usable space as well as a spacious basement with approx. 135 m², providing additional storage, technical, or conversion space.
The property is situated on a 673 m² plot and offers numerous possibilities for redesign – from a stylish private residence to division into several residential units.

A rough renovation estimate from a local specialist company is already available for the property. Under simple renovation standards, costs of approx. 1,570 EURO/m² are assumed. If required, the renovation can be carried out by this executing company, enabling direct and predictable implementation of the project.

Area breakdown:
Ground floor: approx.149.64 square meters, total usable area 171.56 square meters
Upper floor: approx. 149.62 square meters, total usable area 171.54 square meters
Attic: approx.111.47 square meters, usable area approx.159.24 square meters

Possible uses:
This property opens up numerous perspectives:
- Spacious single-family home or multi-generational living
- Conversion into up to 3 residential units (after renovation)
- Representative use as a practice, law office, or office
- Individual project development

Note: Commercial use is currently subject to approval, as the property is located in a purely residential area.

Special features:
- No listed building protection, therefore free design & modernization
- Generous spaces, therefore high flexibility
- Central location with good infrastructure
- Attractive for owner-occupiers and investors

Conclusion:
This villa is a rare opportunity for anyone looking for a representative old building property with character and room for development. With the right vision, a unique living -or realize an investment project.


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Advertiser:
RegionalImmobilien24
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