House view (1/2)
Garden (2/2)
Munich - Giesing / Haidhausen
sold
Classic 1-2 family house from the 30s
Absolutely quiet location, currently 2 separate units on the ground floor and upper floor with 2-3 rooms each, kitchen and bathroom, nice garden, garage.
Basic data
- Property
- HS 450
- Property type
- Single-family house
- Construction year
- 1936
Area listing
- Land area
- 465 m²
- Living space
- approx. 113 m²
- Useful area
- approx. 48 m²
Space and equipment
- Room
- 5
- With a cellar
- no
Purchase price
This property is already sold.
Location
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Real estate guide
The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". A "hereditary building right" is a right equivalent to real property which is formed in a separate "hereditary building right land register".
When purchasing a newly built property, a building description is attached to the certified purchase contract as an essential part.
Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).
The buyer can often incorporate his or her own ideas regarding the interior and room design.
The exact amount of equity to be contributed depends on the financial and income situation of the potential buyer as well as the location and risk profile of the property.
The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.