House for sale in Bonn, Germany

Property Description: This two-storey single-family end-of-terrace house has a living space of 97.28 m² and is fully basemented. It includes a garden and a garage. The house was built between 1961 and 1963. The room layout is as follows: In the basement, there is a hallway, a utility room, a cellar room, an entrance hall, two heating rooms, and access to the garden. On the ground floor, there is an entrance hall, a toilet, a hallway, a kitchen, a living/dining room, and a terrace. Upstairs, there is a hallway, a bedroom, a bathroom, and a children's room. The residential building is in a basic condition and has maintenance backlog and renovation needs. The facade shows some damage to the plaster, and there are also damages and weathering on the simply glazed wooden windows with shutters. Paint chippings are noticeable on the front door, and the cast pipes of the wastewater network in the basement show age-related damage. A comprehensive renewal of the outdated electrical distribution is also required. Minor efflorescences of saltpetre were found in the basement, which need to be fixed. The living spaces are in a basic condition corresponding to the construction year. Standard renovation costs are deducted for modernizing the bathroom, guest WC, and living space. Moisture entries were found on the roof at the rear of the garage. The facade of the garage also shows damage to the base area and the sides of the gate opening. Some corrosion damage was identified on the swing door in the lower area, which needs to be repaired. After carrying out the mentioned measures, permanent, unrestricted residential use can be assumed. The location of the residential building is average. Price Thoughts: The listed price for this property is 390,000 EUR. However, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 273,000 EUR. Additionally, there are no notary fees or agent fees involved in this transaction. It's important to consider the renovation and maintenance needs of the property when evaluating its overall value and potential return on investment. This property may appeal to buyers who are willing to invest in renovations and upgrades to unlock its full potential.