House for sale in Barbelroth, Germany

Property Description: Two-story single-family house with the possibility of being converted into a two-family house, built in 1968-69 with an extension in 1978. The house includes an outbuilding with a garage, a swimming pool, storage rooms, and two parking spaces. The layout consists of a hallway and six rooms in the basement, a hallway, a WC, a bathroom, a children's room, a bedroom, a kitchen, a living/dining room, and a 91 m² terrace on the ground floor. The upper floor features a hallway, a bathroom, a WC, a children's room, a bedroom, another living/dining room, and a 73.5 m² loggia. Additionally, there are undeveloped agricultural land parcels included. The property is heated by an older oil central heating system. The structural condition is visibly unsatisfactory, with significant repair backlog causing damages and the need for renovations. Price Thoughts: The listed price for the property is 281.670EUR. Given the apparent need for repairs and renovations, the price may seem high. However, considering the potential for a 30% discount on the market value and the exclusion of notary and agency fees, the final cost of 197.169EUR could offer a more compelling investment opportunity. This property presents a unique renovation project for buyers seeking a spacious residence with outdoor amenities, but it does require additional investment in repairs and upgrades. Interested parties should carefully assess the cost of renovations against the discounted price to determine the overall value proposition.