Rental yield 22%! Property — 4 rooms, 93 m², built 1948, Somero

For sale: a detached house from 1948. The property is rented to a long-term tenant. Rental income €550/month. Rental yield 22% based on a purchase price of €25,000.

The tenant pays electricity, water and heating oil in addition to the rent. You can also, within the normal notice period, take the property into your own use.

The house is located about 1 km from Somero town-centre services, and right next to the health centre. The house has been renovated over the years, but there is still much to do.

This three-storey detached house has room for a larger family. On the top floor there are two bedrooms with walk-in closets. The middle floor has a kitchen, living room, bedroom, two cupboards and a WC. The lower basement floor offers a lot of open space, storage, boiler room, bathroom and electric sauna. There is a garage/outbuilding on the plot.

• oil heating

• plot 1,010 m². Own plot

• municipal utilities: municipal water and sewer

• roof renovation 2003

• window renovation 2003

• façade renovation 2003

• bathroom panelling 2025

• additional insulation to walls and loft 2003

• domestic water pipes renewed as needed

• Oil consumption ~1,700 l/year. Consumption is affected by personal heating and water-use habits.

• 93/124 m² living area and building area.

  
  

Important notes for the buyer!!

• Seller is an estate of the deceased, and the estate's occupants have not lived in the property

• The buyer must understand that the property is old and will probably require major renovations in the coming years

• The condition of the property is satisfactory, and the buyer should be prepared for significant renovations.

• Some of the house's domestic water and sewer pipes are old and original, i.e. at the end of their service life

• The wet rooms do not meet current standards; no waterproofing

• Some of the house's electrical wiring is old, i.e. at the end of its service life

• The age of the oil boiler is unknown. Presumably over 25 years old and at the end of its service life

• The property likely has no drainage. Basement walls may show moisture.

• The buyer must, before bidding, clarify possible financing with a bank; the bid is binding.