House for sale in Cadolzburg, Germany

Property description: Two-story half-timbered house with crawl space, outbuildings, and garage with space for three cars (former workshop). The residential building was built over 100 years ago, and the garage was renovated in 2018. Apart from the garage, the overall condition is poor; the residential building has significant damage and requires extensive renovation work. A financially viable option would be demolition, but rebuilding in the same size due to required setback areas may not be feasible. Please contact us for further questions by phone, Monday - Friday from 8:00 am - 8:00 pm, Saturdays/Sundays 10:00 am - 6:00 pm at the telephone number 0221-97459790. Thoughts on price: Given the poor condition of the property and the potential need for extensive renovation or even demolition, the asking price of 220.000€ may seem high. However, it is important to consider the location and potential for future development. With the possibility of a 30% discount on the appraisal value, acquiring this property for 154.000€ could provide a unique opportunity for a buyer willing to invest in a renovation project or explore alternative development options. Interested buyers are encouraged to explore further details in our monthly real estate auction catalog.