House for sale • 408 m² without real estate, Lower Saxony

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"Sometimes it is time to make room – for new stories in a familiar house."

For sale is a characterful half-timbered house (with planks used as shuttering) with a solid stone base and a traditional Harz double roof, which for decades was exclusively lived in by the owner family. Only in recent years was it gently opened for letting. The total living area of approximately 405 m² is spread over five units, all of which are fully rented – including a high-quality, fully developed loft with garden.

The property is in well-maintained condition with a solid structure, lovingly executed interior finish, and a clear tenant structure. It is ideal for capital investors who value quality, reliability, and long-term prospects.

Key figures:

Residential units: 5

Total living area: approx. 405 m²

Total rooms: 14

Total bedrooms: 7

Monthly base rent: €2,657

Annual base rent: €31,850

Average base rent per m²: €6.57

Sale price: €399,000

Gross rental yield based on base rent: 8%

The owner’s apartment (loft in the extension, 103 m²) was converted in 2011 in a high-quality, age-appropriate manner and is currently occupied by a couple (ages 78 and 80). The owners are seeking a lifelong rental guarantee with regular rental payments. The goal is a worry-free retirement in a familiar environment without the burden of ownership.

The house is located in the popular Bad Harzburg district of Schlewecke – in a quiet location yet well-connected. In just a few minutes’ walk you can reach the idyllic stud farms that lead directly into the Harz forest. This location combines nature-oriented living with excellent access to infrastructure, shopping opportunities, and healthcare.

An ideal location for older people, nature-loving tenants, and professionals seeking tranquility – away from mass tourism, but in immediate proximity to Bad Harzburg’s city centre.

The house has been continuously maintained and has always been kept in excellent condition by specialized companies with high craftsmanship. All the conversions and renovations attest to a high standard of workmanship and substance.

Modernizations and highlights:

2011: Conversion of the workshop annex into a high-quality loft with underfloor heating, fitted kitchen, vinyl flooring, and direct garden access

2011: Replacement of all windows with triple-glazed models

Apartment details:

Attic floor (63 m²):

Formerly owner-occupied, features a modern masonry fireplace with direct access to the 20 m² balcony facing southwest

Upper floor (128 m²):

Former owner’s apartment with 1 en suite bedroom, generously laid out for 2 persons across 4 rooms in total

Ground floor left (54 m²):

Modernized in 2021, including a new bathroom

Ground floor right (57 m²):

Previously used as a second apartment, featuring a high-quality fitted kitchen, a walk-in shower with a seat and steam bath function (installed in 2005)

Loft in the extension (103 m²):

Age-appropriate, modern, bright – with garden, underfloor heating, vinyl flooring, fitted kitchen

→ Owners’ rental requirement: lifelong rental guarantee

Currently, there are 3 parking spaces in the inner courtyard, which can easily be increased to 5.

Conclusion:

A unique property for investors with an appreciation for substance and sustainability. This multi-family house combines architectural quality, family history, and economic appeal. It offers continuous income, stable rental relationships, and the reassuring feeling of preserving and passing on a true home.

We very much look forward to your kind contact via the advertisement portal’s contact function with a brief personal introduction, and we will be happy to get in touch with you. This is a private sale without broker involvement.