1: schlechte bzw. schlechtere (Wohn-)lage
2. nicht sehr gute (Wohn-)lage, jedoch gut

English term (edited): inferior location, secondary location

"Secondary" context real estate location: zweitklassig
Vgl.:
"Properties in secondary locations tend to suffer from very poor liquidity. As an asset, property is already not the most liquid of assets so if you need to sell, there will be some delay before you are able to release yourself. With properties in secondary locations, unless you are lucky enough to be selling in a boom, it will take you much longer to sell compared to an ordinary property. This will be in part because of the inherent issues of your property which put off buyers, but also because you will be appealing to quite a limited market. Around 70% of buyers are owner-occupiers and while there will be some willing to buy anything just to break into the suburb, the overwhelming majority will not touch a property situated in a secondary location. The flow on effect of a property that’s difficult to sell means the inevitable need to discount even further just to make the sale, and a lot more money needed to market the property."
http://www.momentumwealth.com.au/investor-alert-secondary-lo...

“[.. exemplifies the point that the best way to avoid making mistakes comes through a disciplined approach to locationing …[he] would rather not go in the market at all than take a secondary location”
http://tinyurl.com/ybodzgt4

Wörterbuch Immobilienwirtschaft Deutsch - Englisch: Lage bis Lampion. ... Lage, nachrangige, secondary location ... Lage, zweitklassige, secondary location.