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 declaration of division is regulated in § 8 of the Condominium Act (WEG). The declaration of division can be described as the "statutes" or "basic law" of a divided property, as all the essential rights and obligations of the co-owners are established here.
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.
This depends, among other things, on the value of the property in conjunction with the tax allowances. Consultation with a tax advisor or accountant with corresponding costs is advisable.
This depends on the income situation as well as on the amount of equity capital invested in order to enable an extensive debt relief until retirement age.
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 buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.