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Munich - Gern

sold

Historic townhouse from 1926 in prime location

In quiet prime location of Nymphenburg/Gern, historic terraced house with many original elements such as staircase and coffered doors, five bedrooms, balcony, two modern bathrooms, ceiling height approx. 2, 75 m, former dairy store in the basement, expandable as another room, renovation according to historic model desirable, idyllic southeast garden.

Basic data

Property: HS 696
Property type: Mid-terrace house
Construction year: 1926

Area listing

Land area: 200 m²
Living space: approx. 140 m²

Space and equipment

Room: 6
With a cellar: no

Purchase price

This property is already sold.

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Location

Heiner Riedel

Founder and shareholder

+49 89 15 94 55-14 Send e-mail

Real estate guide

Approximately how long does it take to rent an apartment?

The marketing period is highly dependent on the attractiveness of the property, the selected rental price and the sales concept. In a first step, RIEDEL Immobilien analyses the marketing opportunities of a property, develops a sales concept adapted to the property and recommends a rental price in line with the market.

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What do you need to consider when buying income 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.

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How can I value my single family home?

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).

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How is real estate valued?

There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.

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What is meant by a "sole mandate"?

In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. In the case of a sole commission, the client binds himself to a single broker who, in return, is obliged to provide a service.

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How much equity do I need to buy a home?

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.

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Real Estate Agent Munich

Real Estate

Historic townhouse from 1926 in prime location