The warehouse/four-bedroom mismatch needs resolving first. Those buyers assess utility very differently, and an energy weakness in a home is not necessarily treated the same way in commercial space.
The missing fact is why each charge rose. Was the insurance increase driven by a change in cover, claims or something else? Is the reserve contribution funding identified work, rebuilding a depleted balance, or simply the new normal? Those explanations lead to very different conclusions even if...
I partly disagree with focusing first on purchase costs: they matter for return on capital, but they won’t explain whether the property produces healthy net operating income. The vague item here is the “larger repair reserve.” A detached 5-bed has more components under one owner’s responsibility...
The headline figure is about €7,141 per m², but I would not apply a generic condition discount to it. Start with the completed sale, confirm both properties use comparable floor-area definitions, then separate cosmetic updating from work that needs actual contractor estimates. Exact...