House view (1/1)
Munich - Allach
sold
Nice gable house from 1950/60 with nice garden
Good residential area, living area 119m² + 50m² in separate outbuilding with 2 apartments, nice terrace to the south garden, single garage.
Basic data
- Property
- HS 436
- Property type
- Single-family house
- Construction year
- 1950
Area listing
- Land area
- 656 m²
- Living space
- approx. 119 m²
- Useful area
- approx. 62 m²
Space and equipment
- Room
- 4
- 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 buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.
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.
If only the price per m² of living space is taken into account, new buildings can be up to 50 % more expensive than existing properties.
Before buying a property, the building fabric and building services should be examined in detail. In the case of houses, the building must be thoroughly examined from the outside. Are the facade, windows and doors in order? Is there a need for repair? The gutters, downpipes and exterior lighting should also be considered.
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.