House for sale in Dortmund, Germany

From a buyer's perspective, this property description presents a few challenges, but also some potential opportunities. The property is a multi-family house with a total living area of 352 square meters, located in Dortmund, Germany. It has four parking spaces and is in an early stage of completion, with major renovations required for it to be habitable. The current asking price is 1,007,000 EUR, but with a potential 30% discount, the price could be reduced to 704,900 EUR, which includes a savings of notary fees and brokerage costs. This price drop makes it an attractive proposition for those looking for a bargain investment opportunity. However, there are also significant challenges to consider. The property's building permit has expired, leading to a restriction on its usage. This could potentially delay the completion of the remaining renovations and add to the overall investment cost. Additionally, the property is still in an unfinished state, meaning additional labor costs and potential delays may be unavoidable. Overall, for a highly motivated investor or someone looking for a substantial renovation project, this property could be an excellent opportunity. However, it's essential to weigh these challenges against the potential reward. As always, it's crucial to conduct thorough due diligence before committing to any real estate investment.