House for sale 3+1 • 75 m² without real estate, Lower Saxony

This charming terraced mid‐house with a full basement impresses with two full floors, a developed attic, and great potential for expansion.

• Ground Floor (approx. 30.6 m²): An entrance area, a bright living/dining area, and a kitchen. The approximately 16 m² terrace with an electric awning leads into the sunny south garden. At the rear of the property there is a garden shed with additional storage possibilities and access to the rear alley. A staircase made of black terrazzo leads upstairs.

• Upper Floor (approx. 30.6 m²): A large bedroom, an additional room (ideal as a guest or study room), 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 equipped with two large dormer windows – ideal for use as a hobby, work, or storage area.

• Basement (approx. 33 m² usable area): A full basement with a heating room (including a washing machine connection), a storage room, and a cellar room with garden access.

Expansion Potential: According to the development plan, the house can be extended on the front side by up to 1.75 m and on the garden side by up to 3.00 m in depth on a single level (approximately 30 m² of additional living space is possible).

Important Note on the Leasehold Property (Planning Secure & Financeable Until 2072)

The current leasehold rent amounts to approximately €6,000.00 per year (about €500 per month). In contrast to media reports concerning unresolved old contracts in the neighborhood, this agreement was freshly adjusted in 2022 and is fixed until 2072. The long remaining term of 46 years ensures full financeability for standard 30-year bank loans.

The ongoing adjustment is carried out fairly according to inflation (CPI) and is legally tied (§ 9a ErbbauRG) to wage developments. Unforeseeable price spikes are ruled out for the next 46 years.

As a result, this solidly renovated house with its sunny south garden is a genuine, calculable alternative to condominium ownership or renting: Instead of paying ever-increasing cold rents to a landlord, you pay significantly less for the leasehold rent than the local market rent for a comparable house, while investing in your well-maintained, move-in-ready home and enjoying permanent protection from termination.

Even after 2072, the next generation remains protected: At that time, the contract will either be extended or the family will receive statutory financial compensation for the building from the church.

Thanks to the leasehold arrangement, you avoid the high costs for the land, making this terraced house considerably more affordable to purchase and enabling much easier financing with lower equity compared to a comparable property with purchased land.

The property is located in the most desirable, quietest residential area of Hannover-Kirchrode, on a low-traffic side street. The center of Kirchrode (with shopping facilities, doctors, schools, and daycares), as well as Tiergarten, Mardalwiesen, and Hermann-Löns-Park, are reachable within a few minutes on foot. Tram line 5 and buses offer quick access to the city center.

The house is in very good, well-maintained condition. The most expensive measures have already been carried out:

• Windows (2018): Modern wooden windows with triple glazing, lockable handles, and external blinds (except for the roof windows).

• Floors: The living area features high-quality oak stick parquet (2018); the upper floor has beech click parquet (2021); the kitchen, corridors, and staircase retain the original, attractive terrazzo flooring.

• Kitchen: A fitted kitchen is included, complete with a new gas stove.

• Electrical & Hot Water (2022): The electrical distribution box has been completely renewed. Hot water is supplied by separate, new electric instantaneous water heaters.