House for sale • 260 m² without real estate, Saxony-Anhalt

Due to a delay with another property, we are canceling this renovation project:

• Immediate proximity to the university; side street

• Multi-family house; 3 floors + attic; fully basemented

• Completely vacated

• Living area 200 – 260 m²

• Plot area 175 m²

• In need of complete renovation

• Assumption of financing

• (Preliminary) planning is available

• Materials are included

• Free storage space for 1 year is provided

Key figures at a glance:

• Assumption of the existing financing

• Loan amount: €162,000

• Of which €50,000 has NOT yet been drawn

• Interest rate: 1.42% (fixed until the end of 09/2026)

• We provide the buyer with materials worth approximately €30,000

• We grant the buyer approximately 200 m² of free storage space for 1 year

Actual purchase price: €1

Calculated purchase price:

  €162,000   Transfer of the loan

 – €50,000   Undisbursed portion of the above loan

 – €30,000   Materials that are included

 – €6,480   Interest advantage on €162,000 (currently 1.42% until 09/2026 compared to a current offer of 3.42% for 2 years)

 – €2,400   Tenant concession for the storage space

 = €73,120   Calculated purchase price

Our original plan:

• 2 maisonette units of approximately 130 m² each

• Each unit with 1 terrace (one with a ground-level garden, one with an attic rooftop terrace), 2 bathrooms (one with a shower; one with a shower and tub), 4 or 5 rooms respectively

• “Sale” scenario: 260 m² x €1,250 = €325,000

• “Rental” scenario: 260 m² x €6.50 x 12 months = €20,280 (factor 16)

Location & Building Condition:

The property is located on a side street in the immediate vicinity of the university. The surrounding buildings are in good condition. Adjacent properties include buildings owned by the housing association (primarily small apartments) as well as single-family houses.

The building was constructed in 1913 and was not developed or maintained for many years. Except for one unit, the building stood vacant. The structural condition is acceptable. The roof, although watertight, requires attention during the renovation.

The removal of certain walls, clearing out the building, as well as the disposal of debris and waste has already been completed.

Please only contact us if you are seriously interested! This project is suitable for experienced investors with an appropriate network or the necessary expertise. We are happy to discuss all details and the design.

If you write to me, we can arrange a phone call.