House for sale in Dortmund, Germany

Property description: A detached single-family house with one floor and a partially basement, developed attic, and a one-story, non-basement annex. It has a living area of 142 square meters, a usable area of 38 square meters, as well as a garden and a garage. The house was built in 1900, and the garage is from the 1950s/60s. The layout includes on the lower floor a hallway, a laundry room/heating room, and a cellar. On the ground floor, there is a storage room, a bathroom/toilet, a hallway, a kitchen, and four rooms. The attic features a hallway, another bathroom/toilet, and four more rooms. Heating is provided by a gas central heating system, while hot water is supplied by an electric instantaneous water heater. The property was heavily cluttered and filled with items, making a comprehensive inspection of the rooms unfeasible. It is assumed that extensive renovation and refurbishment are necessary. Price thoughts: Considering the condition of the property and the need for extensive renovation, the initial asking price of 305,000€ may seem high. However, with the possibility of securing a 30% discount on the appraised value through the auction process, the final purchase price of 213,500€ presents a more attractive opportunity for potential buyers. Additionally, the option to avoid notary fees and agent commissions adds further value to the property. Overall, while the property may require significant investment in terms of renovation costs, the potential discount and savings on additional expenses make it a potentially appealing investment for buyers willing to undertake the necessary work.