Home Property for sale in United Kingdom

The best place to search for a new home / Germany / Real estate for sale

Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential

Sale price: £18,250.00 make an offer
Last update: 18.03.2015

Seller's location: Hove, East Sussex, United Kingdom
Seller's notes: The House requires complete refurbishment, solid structural built, good size garden at the back, arranged as three flats.
Sale type: Fixed price listing

Specifications, photos and description:

Sort By: For Sale
Property Type: House
Location: Zittau
Building Feature: Terraced
Construction Year: 1920s
Plot Area (m²): 440

Do you like this property?

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential for sale

Current customer rating: current rating for this property (3.395652173913) based on 118 votes
Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential Photo
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
  • Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential

 

 

 

 

Hello. /span>

 

Here we have for sale a stunning Terraced House arranged as three Flats with potential to increase property value & excellent rental income potential.

 

 

The house is built from  brick & mortar structure & tiled roof. it is of German solid built quality.

 

 

The house is located in the city of Zittau & within minutes drive to the Polish & Czech Borders.

 

DIY Shops. schools. shopping centres  & train stations are all nearby. cheaper goods and DIY material can be bought From Zgorzelec. Poland. Tesco. Poland is only 15 km away from the property.

 

The house is offered on a clear Freehold basis.

 

SITUATION:

 

Zittau. nearby towns & villages have an excellent range of shopping and leisure facilities. including a variety of restaurants. nbsp;factories. art venues. park amenities & train stations taking you into various parts of central Europe & Germany. a new motorway is almost complete linking to the A4. E40 making the trip time by car from the UK about 10 hours from Dover.

 

Please you use  Google Maps to find various information about the location. the house:

 

House Number: 19

Street Name: Goldbach Strabe

Zittau. 02763. /span>

Germany.

 

 

THE HOUSE

 

 

The house is currently divided into 3 flats. nbsp;five rooms plus one bathroom in each floor.

 

Flats:

 

Each flat have 5 rooms & separate bathroom. each flat requires full refurbishment including  plastering. rewiring. heating. new kitchen and bathroom and full decoration. all structural walls and foundation are in good condition. no structural faults.

 

Loft:

 

The loft area extend to the full size of the roof with large panels of timber covering the ceilings & the floor. Again this area could be converted to provide extra space.

 

Rear Garden:

 

 

The site area is 440 m2. I estimate the built area to 180 m2. so you have about 260 m2 of rear private garden.   

 

The main entrance of the building is situated at the front of the property.

 

UPDATING REQUIRED: 

 

The house benefits from a good roof. nbsp;solid outside walls and foundation. nbsp;no leaks are present. all outside windows are sealed with no leaks or damage. however full updating and decoration is needed inside and outside.

 

 

Potential Income

 

The house is located in an area bordering  three countries. and value of properties has increased in the last several months as many international buyers are coming from across the border (Poland & Czech Republic) as prices are considerably lower in this part of Germany.

 

The rental is also strong and I estimate each flat would fetch a minimum of £3000 to 5000 per annum once refurbishment is complete. so you are looking at a potential rental income of £12000 to £15000 per annum for the 3 flats & I believe they will go fast as there is a reasonable demand for refurbished rented properties in the area.

 

 

 

Legal Procedure

 

A Notary in Germany. the equivalent of a Solicitor firm (in the UK). nbsp; would oversee & secure the transfer of clear Freehold ownership of the house. nbsp;after conducting the required searches. a contract would be provided in German & English.

 

If you win this property then a 10% deposit is required via PayPal or bank transfer within 24 hours of end of auction or listing otherwise the property would be offered to the next highest bidder.  

 

Completion of purchase takes between 4 to 8 weeks.

If you have any questions. please ask. thank you.

 

Also published at eBay.co.uk

Other property for sale in Germany:

3 Story House In Germany - Ziegenruck- Thuringia for Sale 3 Story House In Germany - Ziegenruck- Thuringia for Sale 12 £49,000.00
Family Bungalow, 250 m2 Site, Central German Location, Just off The Motorway. Family Bungalow, 250 m2 Site, Central German Location, Just off The Motorway. 12 £8,250.00
Half timbered 2-story detached COTTAGE,  Germany / Saxony. Half timbered 2-story detached COTTAGE, Germany / Saxony. 12 £18,500.00
Germany House Arranged As 7 Flats Plus Basement, Garden & Outbuildings, Zittau Germany House Arranged As 7 Flats Plus Basement, Garden & Outbuildings, Zittau 12 £22,750.00
Rural Holiday Cottage in Germany for sale GBP 59,000 ono Rural Holiday Cottage in Germany for sale GBP 59,000 ono 4 £59,000.00
Renovated apartment for sale in Germany Renovated apartment for sale in Germany 2 £9,200.00
CHEAP LARGE FREEHOLD TOWN CENTRE APARTMENT BLOCK IN GERMANY (LOW RESERVE!!!) CHEAP LARGE FREEHOLD TOWN CENTRE APARTMENT BLOCK IN GERMANY (LOW RESERVE!!!) 12 £38,000.00
Renovated villa for sale in Germany - House - Property Renovated villa for sale in Germany - House - Property 12 £90,000.00
Half timbered 2-story detached COTTAGE, East Germany / Saxony. Half timbered 2-story detached COTTAGE, East Germany / Saxony. 12 £19,500.00
Rural farmhouse property in East Germany for renovation Rural farmhouse property in East Germany for renovation 8 £25,000.00
GERMANY PROPERTY IN LEHRBACH. FURNISHED-RENOVATED 2/3 BEDROOM IN IDYLLIC VILLAGE GERMANY PROPERTY IN LEHRBACH. FURNISHED-RENOVATED 2/3 BEDROOM IN IDYLLIC VILLAGE 12 £8,500.00
Spain Villa MURCIA  BUY FROM ONLY £4,995 + legals-RENT TO BUY/NO DEPOSIT Spain Villa MURCIA BUY FROM ONLY £4,995 + legals-RENT TO BUY/NO DEPOSIT 11 £4,997.00
Old German farm house built in 1764 Old German farm house built in 1764 12 £115,000.00
Building with 4 apartments in Germany Building with 4 apartments in Germany 12 £36,000.00
Freehold Bungalow With Garden,Central Germany, Needs Refurbishment, Low Reserve Freehold Bungalow With Garden,Central Germany, Needs Refurbishment, Low Reserve 12 £8,950.00