House for sale • 511 m² without real estateOttostraße 36, , Lower Saxony

Here is the translation of the text:

The multi-family house for sale at Ottostraße 35 in Schneverdingen offers an ideal investment opportunity in an attractive residential area. The building consists of a total of six residential units and is situated on a spacious plot of 762 square meters. The total living area amounts to 386 square meters. An additional 125 square meters of usable basement space is also available. The construction of the building and the four apartments on the ground floor and first floor was completed in 1972. The attic was converted into two further apartments in 1979/1980.

The property offers ample space and includes a well-maintained garden as well as six parking spaces directly by the house and four additional spaces around the corner at Rosenstraße, available for the residents. A shelter for bicycles completes the offering and adds extra convenience.

The property is located in a very attractive part of Schneverdingen. Centrally located yet quiet and green, supermarkets, pharmacies, doctors, schools, and the popular Heidegarten are nearby and easily reachable on foot.

The property is in good condition. Various modernizations have been carried out, including the replacement of the gas burner in 2020 and the installation of an air heat pump for domestic hot water heating. A new energy certificate from 2024 is available, showing an energy efficiency class of D. In 2022, a new entrance door with an intercom and mailbox system was installed. Additionally, apartments have been renovated and partially fitted with new windows.

An exposé, a detailed list of investments, floor plans, and further information are available upon request.

Example Investor Calculation:

Financing Assumptions:

• Purchase Price: €820,000

• Equity: €200,000

• Debt: €620,000

• Interest Rate: 3.5%

• Amortization: 2.0%

• Total Annuitization: 5.5%

• Reserve Provision: €10/m²/year (market standard)

Income, Expenses and Outcome:

• Annual Net Cold Rent: €38,460

• Annuitization (620,000 € × 5.5%): €34,100

• Reserves (386 m² × €10/m²): €3,860

• Positive Cash Flow: €500 per annum

Return on Equity:

• Without appreciation and without amortization: 0.25% p.a.

• Including amortization: 6.45% p.a.

• Including value appreciation (2% p.a.): 14.65% p.a.

Conclusion for Investors:

The property offers a positive cash flow even with a purchase price of €820,000, attractive equity returns, and a total yield of up to 14–15% per annum. It thus represents a solid and long-term profitable investment in Schneverdingen.