DUPLEX HOUSE | TWO APARTMENTS | TWO GARDENS | HOUSE WITH PANORAMIC VIEWS

Two apartments. Two gardens. Plenty of space. Panoramic views – and all this without any realtor fees! This well-maintained duplex was built in 1970 using solid construction methods and offers an exceptionally wide range of possibilities across approximately 182 square meters of living space. Whether for multi-generational living, a combination of personal use and rental income, or two completely separate households, many options are possible here. Both apartments have their own entrance and their own garden area. At the same time, they are connected within the house via the laundry and heating room. The upper apartment comprises approximately 112 square meters and is particularly impressive due to its spacious living and dining area, the large panoramic window with unobstructed views of the greenery, a loggia, and a large garden area. The lower apartment offers approximately 70 square meters of living space, a practical layout, and its own smaller garden, which is ideal for grilling and relaxing. A special highlight is the unobstructed view of the vast meadow landscape. The spacious garage, with approximately 44 square meters, offers significantly more space than a typical single-car garage. The house is well-maintained and generally ready to be moved into immediately. However, as it is a property from 1970, many buyers will likely plan to renovate it to their own tastes. Depending on the scope and desired level of renovation, a budget of at least approximately €50,000 to €100,000 should be considered, for example, for windows, bathrooms, or the kitchen. The extremely attractive purchase price is €249,000. The sale is directly from the owner, so there are no real estate agent fees for the buyer. AN INTERNAL VIEWING IS ONLY POSSIBLE WITH A FINANCING COMMITMENT OR SUITABLE PROOF OF OWN FUNDS.

LEASEHOLD – ARRANGEMENTS AT THE END OF THE LEASE
The house is located on a leasehold property of approximately 777 m². The current leasehold payment is €175 per quarter, or €700 per year. The leasehold can be secured with a mortgage without a fixed upper limit. The existing contract also contains clear arrangements for the future of the leasehold. If the leasehold is not renewed, a compensation will be provided for the existing buildings and structures based on their then-current value. Furthermore, there is a contractual right of renewal for the leasehold. Since the potential end of the lease is still approximately 44 years in the future, it is naturally impossible to accurately estimate the amount of any potential compensation today. This compensation will depend, in particular, on the future condition and value of the property, as well as on long-term market trends. Therefore, upon the expiry of the lease, the building will not automatically transfer to the landowner without compensation.

The house is located in a well-established and maintained residential area on a slope, predominantly consisting of single-family and two-family homes. The elevated position offers a particularly beautiful and expansive view over the surrounding rooftops, extending to meadows, forests, and plenty of nature. This view can be especially enjoyed from the upper apartment through the large panoramic window and from the loggia. Instead of looking at the next house wall, you can see greenery, the sky, and the surrounding landscape. Fontanestraße is conveniently located near the A45 motorway exit for Lüdenscheid-Nord. Therefore, the location is particularly well-suited for commuters with workplaces in the direction of Hagen, Dortmund, Iserlohn, Nachrodt-Wiblingwerde, or Olpe. At the same time, the area offers numerous opportunities for leisure and recreation. Meadows and forest paths invite you to take walks, hikes, and extended walks with your dog. In the immediate vicinity, there is a football pitch, tennis courts, a bowling club, a veterinarian, a hairdresser, a restaurant, a church, a primary school, and the SOS Children's Village. Despite being on a slope, the property offers two separate garden areas. This means that both apartments have their own outdoor space and ample privacy. Leasehold ownership is common in this residential area and is also found in many of the surrounding properties. Therefore, this is not an unusual situation, but rather a well-established form of land ownership in the area. The location is particularly suitable for families, multi-generational households, pet owners, and commuters who want to combine spacious living with good transport links and a natural environment.