| Type | Block of flats |
|---|---|
| Living area approx. | 161 m² |
| Bedrooms | 3 |
| Rooms | 6 |
|---|---|
| Bathrooms | 2 |
| Plot area | 516 m² |
|---|---|
| Usable floor area | 161 m² |
| Purchase price | 329.000 € |
|---|---|
| Price per m² | 2,042.46 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072421
This centrally located apartment building in Steinfurt-Borghorst, built in 1976, offers three separate residential units with a total of six rooms across a lettable total area of approx. 161.08 m² on an easy-care plot of approx. 516 m²—and thus attractive development potential for owner-occupiers and investors alike. The house is currently completely vacant, meaning modernization measures can be implemented immediately and without consideration for existing tenancies.
The heating system was already replaced in 2008 and provides a solid technical basis for further modernization steps. Apart from this, the property is in the condition of its year of construction and accordingly requires renovation—which is precisely where its appeal lies: From modernizing the living areas to redesigning the floor plans in line with current standards, there is plenty of scope for customization. Other positive features include the attic, which has already been converted into an apartment, a balcony, the garden, four cellar rooms, as well as a garage and an additional outdoor parking space.
For owner-occupiers, the house offers the opportunity to create an individual home according to their own ideas: Whether multigenerational living, a combination of owner-occupation and partial letting, or the creation of spacious, modern living areas—the existing units and outdoor spaces provide a flexible basis. Investors will find an attractive project here with clear opportunities to increase value: Targeted renovation measures, energy-efficient modernization and optimization of the living areas can sustainably increase rental income and market value; the already converted attic provides immediately usable living space without additional conversion work.
The property’s substance and location make it equally interesting for owner-occupiers and investors.
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