| Type | Block of flats |
|---|---|
| Living area approx. | 140 m² |
| Bedrooms | 4 |
| Rooms | 6 |
|---|---|
| Bathrooms | 2 |
| Plot area | 996 m² |
|---|
| Purchase price | 850.000 € |
|---|---|
| Price per m² | 6,071.43 €/m² |
| 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 assumptionsINVESTMENT OPPORTUNITY FOR PROPERTY DEVELOPERS
The plot with its existing building is highly suitable for property developers who want to invest in the future today with a lucrative capital investment.
The well-maintained but renovation-required two-family house with two separate residential units, built in 1939, has basic age-appropriate fittings and continues to be occupied and maintained by the two former owners.
The approximately 1,000 m² plot in a good residential location in Hamburg-Wellingsbüttel is relevant to the value.
The property is being sold as an investment, with a lifelong usufruct right registered in favor of the owners. As a result, you acquire the property at a significantly reduced purchase price. The owners will continue to occupy the property and bear the costs of maintenance. The owners are aged 77 (she) and 63 (he).
According to an independent valuation, the current market value of the property is €1,400,000.-
The purchase price of the property is €850,000.-
We would like to point out that this is an investment. You acquire the property subject to a usufruct right, meaning that owner-occupation will only be possible at a later date.
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