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 architecture of the 20th century was essentially shaped by four architectural styles. The design and conception of each architectural style depended on the technological and constructive possibilities of the time.
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.
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".
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.
The amount of repayment determines the total term of the financing.
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).