| Type | Block of flats |
|---|---|
| Living area approx. | 200 m² |
| Rooms | 16 |
|---|---|
| Bathrooms | 1 |
| Plot area | 240 m² |
|---|---|
| Usable floor area | 40 m² |
| Purchase price | 59.000 € |
|---|---|
| Price per m² | 295.00 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsIn the midst of the historic old town of Naumburg, this quietly located apartment building stands on a level plot of approx. 240 m². The surroundings, shaped by medieval town houses, were originally a classic artisans’ quarter with small two- to three-storey residential buildings and typical house gardens.
The existing building is an old structure of brick masonry and comprises a ground floor, upper floor, attic, top floor, as well as two full basement levels – including a historic sandstone vaulted cellar. In its current layout, living space of approx. 200 m² over three floors can be realized.
The property is in a condition in need of extensive renovation and is currently not habitable. A comprehensive core renovation or an alternative new-build plan would be suitable. Subject to official approvals, the construction of an attractive new building with several residential floors is conceivable. The plot is registered in the land register as residential building land and is located in a designated mixed-use area.
By potentially removing the outbuildings in the courtyard, additional open space can be created and a generous house garden realized.
The property is also particularly interesting from an economic perspective: if the existing building is demolished, valuable historic building materials such as old bricks, roof tiles, as well as solid roof and half-timbered beams can be salvaged and reused – for example for decorative masonry, carports, outbuildings, or individual construction projects.
The house is located in the city's formal redevelopment area. As a result, public funding and grants may be available for a professionally carried out renovation.
A versatile property for investors, project developers, or owner-occupiers with practical skills who recognize the potential of this old town location and want to reshape it anew.
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