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44787 Bochum
Property Description This property is a one-sided attached building with a mix of residential and commercial space, consisting of nine apartments and one commercial unit. The building is five stories high, with a basement and a total living area of 356 square meters, as well as a useable area of 72 square meters. The apartments range in size from 25 to 60 square meters and feature balconies and a rooftop terrace. Built in 1959, the building is heated by district heating and is in an overall satisfactory but slightly neglected condition. Some of the fixtures and fittings are outdated, and there are structural defects and repair needs that must be addressed. Price Thoughts The listed price of €415,500 seems reasonable considering the size and potential of the property. However, given the described condition of the building, there may be room for negotiation. With the possibility of a 30% discount on the appraised value, buyers could potentially acquire this property for a more affordable price of €290,850. Additionally, the absence of notary fees and agency commission could make this a more attractive investment opportunity for those willing to put in the necessary renovation work.
44787 Bochum