House for sale in Erdmannhausen, Germany

Property Description: This two-family house is spread over two floors and a basement, with a total living space of 127.62 m², including two garages. Built in 1967, the property features a layout that includes a hallway, bedroom, bathroom, dining area, kitchen, living/dining room, terrace on the ground floor, and a hallway, bedroom, bathroom, kitchen, dining area, living room, and balcony on the upper floor. The house has been partially vacant for some years and is heated by an oil stove, with hot water provided by an electric boiler. There have been some noticeable delays in maintenance and repair work. A detailed interior inspection was limited. The property is currently being auctioned by the local district court, with a market value of 557,000.00 EUR. There is a possibility to secure a 30% discount on the market value, bringing the price down to 389,900.00 EUR. Additionally, notary costs and agency fees are waived. Thoughts on Price: The listed price of the property may seem high at first glance, considering the maintenance issues and partial vacancy. However, with the potential for a significant discount on the market value, this property could be a great opportunity for someone looking to invest in a fixer-upper or a project that allows for some renovation and customization. The location in Erdmannhausen also adds to the overall appeal of the property. It is important to consider the potential costs of renovation and upkeep when assessing the value of this property.