| 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 PROPERTY FOR PROJECT DEVELOPERS
The property with its existing building is very well suited to project developers who want to invest in the future today with a lucrative investment.
The well-maintained but renovation-requiring two-family house, with two separate residential units dating from 1939, has basic fittings appropriate to its age and continues to be occupied and maintained by the two former owners.
The approximately 1,000 m² plot in a good residential area in Hamburg-Wellingsbüttel is what gives the property its value.
The property is being sold as an investment, with a lifelong usufruct right registered for the owners. This means you can acquire the property at a significantly reduced purchase price. The owners will continue to live in the property and bear the maintenance costs. The owners are 80 (he) and 66 (he) years old.
According to an independent appraisal, the property's current market value is €1,400,000.
The purchase price of the property is €850,000.
Please note that this is an investment property. You are acquiring the property subject to a usufruct right, meaning that owner-occupation will only be possible at a later date.
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