House for sale in Essen, Germany

Property description: Leasehold for a 2-family terraced house in a hillside location. The house is two stories, with a basement, a flat roof, and a living area of 168.09 m², as well as a garage. It was built in 1970, the garage was added in 1973, and the roof was re-roofed around 1990. Additionally, there is a share of 1/5 of a garage courtyard (376 m²) included. The layout is as follows: In the basement, there is a basement hallway, 2 basement rooms, and a laundry room. The first apartment on the lower level consists of a hallway, 2 rooms, a terrace, totaling 45.09 m²; on the ground floor, there is a hallway, a guest toilet, a kitchen, a living/dining room, and a balcony with 58.76 m². The second apartment on the upper floor features a hallway, a cloakroom, a guest toilet, a bedroom, a bathroom/toilet, a kitchen, a living room, and a balcony, totaling 64.24 m². One room on the lower level serves as a passageway; it is heated by night storage heaters. Hot water is provided by a tankless water heater and a under-sink unit. Overall, the residential building is in average condition with mainly original fittings and the need for renovations in certain areas. The leasehold is valid until July 2068. Price thoughts: The listed price of €279,000 is the estimated market value for this property. It is worth noting that there is a possibility to secure a 30% discount on the market value, making the final price for this property €195,300. This presents a potential opportunity for buyers to acquire this property at a discounted rate. Additionally, there are no additional notary fees or real estate agent commissions involved in the purchase. Overall, this property offers potential for renovation and customization to make it a desirable investment opportunity in the real estate market.