| Type | Mid-terrace house |
|---|---|
| Living area approx. | 75 m² |
| Year built | 1953 |
| Bedrooms | 2 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 3 |
| Bathrooms | 1 |
| Heating | Self-contained central heating |
| Fuel type | Gas |
| Plot area | 225 m² |
|---|---|
| Condition | Well kept |
| Floors in the building | 2 |
| Usable floor area | 33 m² |
| Purchase price | 189.000 € |
|---|---|
| Price per m² | 2,520.00 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsThis charming mid-terrace house, with a full basement, impresses with two full floors, a converted attic and significant potential for extension.
•Ground floor (approx. 30.6 m²): Entrance area, light-filled living/dining area and kitchen. The approx. 16 m² terrace with electric awning leads into the sunny south-facing garden. At the rear end of the property there is a garden shed with additional storage options and access to the rear cul-de-sac path. A black terrazzo staircase leads upstairs.
•Upper floor (approx. 30.6 m²): A large bedroom, another room (ideal as a guest room/office) and a bright shower room (bathtub installation possible).
•Attic (approx. 18 m² floor area): Accessible via a space-saving staircase and equipped with two large roof windows – ideal as a hobby, work or storage area.
•Basement (approx. 33 m² usable floor area): Full basement with boiler room (washing machine connection), storage room and basement room with access to the garden.
Extension potential: According to the development plan, the house can be extended by up to 1.75 m in depth on the entrance side and by up to 3.00 m in depth on the garden side, on a single storey (approx. 30 m² of additional living space possible).
Important note regarding the hereditary building lease property (planning security & financeable until 2072)
The current hereditary building lease fee is approx. €6,000.00 per year (approx. €500/month). Unlike media reports about unresolved old contracts in the neighbourhood, this contract was only newly adjusted in 2022 and fixed until 2072. The long remaining term of 46 years ensures full financeability for standard 30-year bank loans.
The ongoing adjustment is made fairly based on inflation (CPI) and is legally linked to wage development (§ 9a ErbbauRG). Unforeseeable price increases are excluded for the next 46 years.
This makes this solidly renovated house with its sunny south-facing garden a genuine, calculable alternative to a condominium or renting: Instead of losing money through monthly increasing net cold rents to a landlord, you pay significantly less here for the hereditary building lease fee than the local rent for a comparable house, while investing in your well-maintained, move-in-ready own home and enjoying permanent protection against termination.
Even after 2072, the next generation remains protected: The contract will then either be extended or the family will receive statutory monetary compensation from the church for the building.
Through the hereditary building lease, you save yourself the high costs for the Plot of land, making this terraced house significantly more affordable to purchase and enabling much easier financing with less equity than a comparable property with a purchased plot.
The house is in very good, well-maintained condition. The most expensive measures have been completed:
•Windows (2018): Modern wooden windows with triple glazing, lockable handles and external blinds (except roof windows).
•Floors: Living area with high-quality oak strip parquet (2018). Upper floor with click parquet in beech (2021). Kitchen, hallways and staircase with original, attractive terrazzo flooring.
•Kitchen: Fitted kitchen including a new gas stove.
•Electrical system & hot water (2022): Electrical distribution box completely renewed. Hot water supplied via separate, new electric instantaneous water heaters.
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The property is located in the most sought-after, quietest residential area of Hanover-Kirchrode, on a low-traffic access road. The centre of Kirchrode (shopping facilities, doctors, schools, day-care centres), as well as the zoo, Mardal meadows and Hermann-Löns Park, can be reached within a few minutes on foot. Tram line 5 and buses provide a fast connection to the city centre.
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