House for sale • 451 m² without real estate, North Rhine-Westphalia

This well-maintained multi-family house offers an interesting investment opportunity in the central area of Herford. The property is located at Steintorstraße 1, right in the heart of the city center – one of the most desirable locations in town.

The property comprises four residential units as well as a commercial space with a total living area of approximately 451 m² on a 210 m² plot. The house has a basement and is characterized by excellent building fabric. The attic is already developed, and several apartments have been modernized. Overall, the building is presented in a well-maintained and solid condition. As part of the handover, the following works on the property are planned, which are included in the purchase contract and the selling price: The roof renovation includes the proper dismantling and disposal of the old roof tiles and battens, the installation of a new counter batten, the establishment of a proper insulation barrier, as well as the re-covering of the roof with high-quality anthracite tiles. Additionally, basement works will be carried out, including sealing the basement, re-plastering in the necessary areas, and applying a complete coat of paint to the basement. The façade renovation includes a new façade coating (the choice of color is up to the buyer) as well as the correction of all cracks in the façade. These measures will be completed before handover and contribute to the value enhancement and modernization of the property.

The central location at Steintorstraße 1 convinces with its excellent infrastructure and quality of life. Located right in the heart of Herford, all the important facilities for everyday needs – including shopping opportunities, doctors, schools, restaurants, and leisure activities – are in the immediate vicinity. Public transport as well as the train station are also conveniently accessible on foot.

Steintorstraße itself is a well-frequented address with high visibility, making it also an excellent choice for the commercial use of the ground floor area. Despite its inner-city location, the area offers a pleasant residential atmosphere. The apartments were renovated just a few years ago and are in good condition!

The rental potential has not yet been fully exploited, which means that rental adjustments are definitely possible in the future.