House for sale in Bonn, Germany

Property description: Single-family house in half-timbered construction with one floor and basement, totaling 110 square meters of living space. It has additions in two and one floor, whose year of construction is unknown, but they were added in the years 1975/76. The layout includes storage rooms and a laundry room in the basement, a hallway, a bathroom, a kitchen, a dining room, a storage room with access to the terrace, a bedroom, and a living room on the ground floor. In the attic, there is a hallway, a storage room, an attic, and a bedroom. Heating is provided by a gas heating system, and hot water is heated by a tankless water heater. The building has been vacant and unused for several years. Due to the neglected condition of the property and overgrowth, a comprehensive inspection was limited. The additions were not accessible. Only for the one-story addition from the 1970s were meaningful documents available. The vaulted cellar with a clear height of 1.75 m/1.85 m can be entered through an exterior door on the street side. The overall condition of the building is dilapidated and uninhabitable. There is a significant maintenance backlog. The property is located at the foot of a slope. Thoughts on price: The listed price for the property is 834,000€. However, due to the neglected condition and significant maintenance backlog, there is potential to secure a 30% discount on the market value, bringing the purchase price down to 583,800€. This discount, along with the exclusion of notary fees and brokerage commission, offers an opportunity for a potential buyer to acquire the property at a more affordable price. It is important for prospective buyers to consider the costs of renovation and repairs when evaluating the overall investment in this property.