Germany Investment Property: Better Than France, Bulgaria, Spain

£7,210.00 26 Bids Unsold, eBay Money Back Guarantee

Seller: cogitoergosum8 (90) 94.7%, Location: London, Ships to: Free Local Pickup, Item: 323541383935 Location: Osterfeld 06721Further details and pictures: On request2 storey freehold property with 3 units, can be coverted into flats or kept as homeDesirable central location - 100m from Markt (town square)Internal area 192 sqm, plot size 424 sqmLocal govt grants available for refurbishment (minimum 30% or more)High rental potential, outstanding capital gain30miles to Leipzig (population 500,000 & international airport), 10miles to Naumburg (population 35,000)Suits serious and smart investor Why invest in Germany & Osterfeld Germany is seen as an attractive place to live and work among Europeans. Berlin has taken in 220,000 new residents in the last 5 years alone. The city has the fastest growing property price of any major city in the world. In 2017 average residential prices rose 20% (read more on Quartz ). The German economy is on course to grow 2% in 2018. In 2017, unemployment was 3.8%. 1.7 million tourists in 2017 to Leipzig. Unemployment has dropped from 18% in 2003 to 7% in 2017.Leipzig is facing a shortage in affordable housing, it is a university city with thousands of students and home to top companies including Porsche, BMW, Amazon and DHL. See report here on how Leipzig is set to boom as the population grows.In Leipzig - from 2007 to 2017 the population grew by 13% to 578,000, housing vacancy rate dropped to under 3% from more than 10% in 2008. The prices of family homes has increased by 7.7% to 2,300euro per square meter. 50% of Germans rent their homes. The EU average is 30%. There is a shortage of affordable homes especially in big cities. Housing values have surged 79% across the country over the past decade. The change in average price per metre square in rent is huge ? in Berlin 94%, Munich 144%, Hamburg 110% (read more on Bloomberg) The surge in property prices is spreading to rural areas, especially satellite towns in good commuter distances ( see FT) German property prices are going to continue booming (see Moneyweek). Germany has already overtaken the UK as the top location in Europe for real estate investment according to PwC (read more here). About the location: Located in the center of Osterfeld, a town in the Burgenlandkreis district of the state of Saxony-Anhalt in Germany. The Burgenlandkreis districthas an estimated 200,000 population and its municipality capital is seated in Naumburg, which is located only 10 miles away. The house is a short walk away from the Rathaus (Town Hall) and all other amenities, including shops, playgrounds and parks, bakery, pharmacy, local pub, and close to the town's main supermarket, Diska, which is a smaller subsidiary of the sizeable supermarket chain, Edeka (which has over 4,000 stores in Germany). The property was built around 1900. The house is served by off-street parking. Neighbouring the house are 3-storey flats with their own resident parking at the back. The property is in need of refurbishment. It is located in an Urban Redevelopment Zone (Sanierungsgebiet) which means the local government will award a minimum of 30% or more of the total refurbishment cost. There are no planning restrictions on the development of the property and it is not a listed building. Above: Floorplans + plot boundary plan Condition - Refurbishment needed The property is need of refurbishment/modernisation.Good solid structure; sturdy walls; stairs and flooring adequate condition. Large garden. Wooden are outdated and should ideally be replaced with energy efficient UPVC windows. The roof requires attention, there is moisture damage which is visible. Plumbing, electrics, tiling and plasterwork needed.Externally, exposed brick-work needs rendering especially at rear of the property for cosmetic purposes so that it fits in with surrounding houses (all of which are neatly kept).It is customary for German tenants to fit and fund their own kitchen. There are numerous workmen in the town who advertise their services on their houses. Building materials can be sourced from neighbouring Naumburg and Zeitz, as well as Grana which has many builders yards. These towns are easy to get to by car and are just 10-20 mins away. Surrounding neighbourhood and streets - a stunning town! Streetview: Inside the house & Streetview Pictures of the town: There is an open-door nature bath situated a short walk away from the property which is next to a football pitch, playground for children, volleyball court and trails allowing you to bike around the periphery of the town. The nature bath is open in the summer seasons at very affordable prices. The local castle, situated next to a school, is located on a site of a 6th century castle. It was expanded in the 11th and 12th centuries, and efforts were made to preserve its original features. Naumburg - a city of 30,000 - with festivals and markets (below): About the town - unbeatable location: A charming and thriving town with a crisp blend of old and new-build homes. The town is commuter distance from major cities of the states of Saxony-Anhalt (e.g. Leipzig is 30 minutes by car) and Thuringia (e.g. Jena and Gera are both 35 minutes away by car). The town's population is 3,000. The town is served by a large supermarket called Diska which offers fresh food products including fresh meat, fruit and vegetables, dairy products and household items. The Osterfeld branch of Diska is sizeable and has a bakery as well as butchers that serve the town's needs. The town has many single family homes, some of which have swimming pools and are beautifully well-kept with affluence on display. On the hilltops, from a distance, you can see wind turbines which generate clean energy, and there are walking trails in the surrounding countryside for outdoor enthusiasts. History: The region is famous for its medieval castles, palaces and churches. Romanesque and Gothic architecture is common in neighbouring Naumburg with much of it dating back to the 13th and 15th century. Famous landmarks of the town include the Cathedral of St Peter and Paul and the church of St Wenceslas. The town of Naumburg was a significant trading centre in the Middle Ages. Education: The town has 2 kindergartens within walking distance. Secondary schooling is situated in neighbouring Naumburg which has 8 primary schools, 4 secondary schools and 2 schools serving children with special needs. The universities of Leipzig, Weimer, Jena, Schmalkalden, Nordhausen, Erfurt and more are in close proximity. Healthcare: The town is served by 3 hospitals. The Klinikum Burgenlandkreis situated in Naumburg has 440 beds and 10 specialty areas offering patients comprehensive medical care. The Georgius Agricola Hospital in Zeitz has nearly 300 beds while the Asklepious Klinik in Weissenfels also has 300 beds and specialises visceral surgery, orthopedic/trauma care, oncology, hematology, cardiology and neonatology. There are 3 GP practices, 2 dentists in the town. The town's pharmacy is 100m away from the property. Economy: Local industries in the region include the manufacture of food, textiles, machinery and toys. The Burgenlandkreis region is home to mining and engineering, chemical, metal processing, logistics and wholesale and agricultural industries. The region around the town is most famous for its numerous vineyards, where nature parks and outdoor activities attract tourists from far and wide. The wine-growing area Saale Unstrut (and the towns of Zeitz, Naumburg, Weissenfels, Freyburg) are all located along the rivers Saale and Unstrut. The vast majority of people are employed by the commercial sector, followed by transport and hospitality. Some of the largest food processing and poultry houses are situated in this region. The food and beverages industry as a whole is a thriving economy in Saxony Anhalt. Over 20,000 people are employed by 100+ different plants littered around the region, generating sales of over 6 billion Euros. Recreation/Activities: The town of Osterfeld is surrounded by a dense network of cycle paths for biking enthusiasts who like the countryside. Marked trail invite you to excursions in the great outdoors. There are regional tour operators offering numerous activities on the Saale and Unstrut - along the 60 km long wine road, visitors can explore natural history or take in the culinary delights by bike, boat, foot or bus. Canoe/boat rentals on the Saale and Unstrut are a great and affordable way to explore the area. Transport: Osterfeld lies on the A9 high-speed federal motorway which runs between Berlin (in the north) and Munich (in the south). 15 minutes to Naumburg (population of 34,000; local industries include the manufacture of foodstuffs, textiles, machinery and toys). 15 minutes to Weißenfels (largest town of the Burgenlandkreis district with a population of 41,000). 15 minutes to Eisenberg (Population: 11,000).20 minutes to Zeitz (Population: 31,000. Manufactures include machinery, chocolate, sugar, and textiles). 20 minutes to Freyburg (famous for its vineyards. Home to the headquarters of one of the world's largest wine companies). 30 minutes to Merseburg (population: 35,000). Superb investment with good rental potential and capital gain Sales of homes in this area are not too common given that it is a peaceful and pleasant little town. In this town, previously, similarly sized homes have sold between 170k - 200k. Properties on this road have been rented at between 5 to 6 Euros per metre square. At these prices you can expect an annual rental income between 11,500 EUR and 13,800 EUR. 5 (euros p/m²) x 192 (total internal area in m²) x 12 (months of the year) = 11,500 euro 6 (euros p/m²) x 192 (total internal area in m²) x 12 (months of the year) = 13,800 euro Once refurbished, the buyer of this property can expect a steady income that is extremely rare to come by. None of the houses surrounding this property are empty, derelict or under-developed. The central location of the property makes it a sought-after location. Useful links -- Official Osterfeld Council website - Official Naumburg Council website - What's on in Naumburg - Museum in Naumburg - Concerts in Naumburg - Cinema Naumburg - Threatre Naumburg - Christmas Market - Naumburg Cathedral - Official Burgenlandkreis district website - Annual Cherry Festival - Activities in the Saale Unstrut area - Nature Park in Saale Unstrut Interested? TERMS & CONDITIONS Contact the seller before you bid to confirm your interest in this property. This will help avoid uncommitted bidders interfering with the auction.A deposit will be required within 48 hours of the auction ending. This deposit is non-refundable in the event that the buyer fails to complete the purchase, and will be deducted from the final purchase price at the auction ending.The rest of the purchase price is to be paid via the conventional buying process which will be overseen by a certified and accredited German Notary Public who will be asked to draw up a legally binding contract.Failure to pay within the above time limits will entitle seller to offer its sale to the next highest bidder or re-advertise.Transparency and security of payment is ensured through the use of a credible and independent court-sworn German Notary Public. Should the buyer have a preference for a particular notary, please state this clearly.PLEASE ONLY SUBMIT YOUR BID IF YOU ARE CONVINCED YOU WANT TO BUY THIS PROPERTY Insights Exclusive
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