| 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 stands out with two full storeys, a converted attic and great potential for expansion.
•Ground floor (approx. 30.6 m²): Entrance area, light-filled living/dining area and kitchen. The approx. 16 m² terrace with electric awning leads to the sunny south-facing garden. At the rear end of the plot there is a garden shed with additional storage space and access to the rear access lane. A black terrazzo staircase leads upstairs.
•First floor (approx. 30.6 m²): A large bedroom, another room (ideal as a guest room/study) and a bright shower room (with the option to install a bathtub).
•Attic (approx. 18 m² floor area): Accessible via a space-saving staircase and fitted with two large roof windows – ideal as a hobby room, study or storage space.
•Basement (approx. 33 m² usable area): Full basement with boiler room (washing machine connection), storage room and cellar room with stairs leading up to the garden.
Potential for expansion: Under the development plan, the house can be extended by up to 1.75 m on the entrance side and up to 3.00 m in depth on the garden side, on one storey (approx. 30 m² of additional living space possible).
Important note about the leasehold plot (secure planning & financeable until 2072)
The current ground rent is approx. €6,360.00 per year (approx. €530/month). Unlike media reports about unresolved legacy contracts in the neighbourhood, this contract was only recently adjusted in 2022 and is fixed until 2072. The long remaining term of 46 years ensures full financeability with standard 30-year bank loans.
Ongoing adjustments are fairly linked to inflation (CPI) and, by law (§ 9a ErbbauRG), to wage growth. Unforeseeable price jumps are ruled out for the next 46 years.
This makes this solidly renovated house with its sunny south-facing garden a genuine, predictable alternative to a condominium or renting: Instead of losing money to a landlord through monthly increases in net cold rent, here you pay considerably less in ground rent than the local rent for a comparable house, while investing in your well-maintained, move-in-ready home and enjoying permanent protection against termination.
The next generation will remain protected even after 2072: the contract will either be extended, or the family will receive statutory monetary compensation from the church for the building.
With the leasehold, you save the high costs for the Land, which makes this terraced house significantly less expensive to purchase and enables much easier financing with less equity than a comparable property with freehold land.
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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