House for sale 4+1 • 116 m² without real estateAm Mergelberg 15, , Lower Saxony

BIDDING PROCESS – Single-Family House with Repurchase and Renovation Agreement

For sale is a detached single-family house on a generous 1,000 m² plot in the quiet residential area of Wedemark-Bennemühlen.

KEY DETAILS:

- Minimum bid: €149,000

- Year built: 1962, masonry construction

- Plot: approx. 1,000 m²

- Gross floor area: approx. 269 m²

- Fully basemented

- Garage + ancillary rooms

CURRENT CONDITION:

The interior is in shell condition, or almost completely gutted. Extensive development, renovation, and modernization measures are required.

YOUR INVESTMENT MODEL:

After the sale, a renovation agreement will be made between the buyer and the seller. The seller will carry out the renovation and then rent the property back.

- Repurchase lease: €780 cold rent/month

- Indefinite rental contract

- Details of the renovation budget are individually negotiable after viewing

YOUR ADVANTAGES:

Attractive entry price for a 1,000 m² plot

Renovation carried out by the future tenant

After completion: Reliable tenant with a long-term stay perspective

Immediate rental income after renovation

No vacancy, no tenant search

BIDDING PROCESS:

Viewings by appointment. Please submit bids with financing confirmation. The seller reserves the right not to accept the highest bid.

Interesting investment property in a good residential area!

The location is characterized by a quiet residential environment. The district of Bennemühlen is part of the Wedemark municipality in the northern catchment area of Hanover. Shopping facilities, schools, kindergartens, medical care, and an S-Bahn station with direct connection to Hanover are located in the neighboring districts. The highway connections A7 and A352 can be reached within a few minutes by car.