House for sale in Extertal, Germany

Property Description: A detached multi-family house in the half-timbered style with an extension containing a total of 3 apartments. The building is two stories, partially basement-level, and has a living area of 225 m². It includes a terrace and a garden, was built around the year 1800, with the extension dating back to 1959 and renovations carried out starting in 1984. The planned and approved project to convert the attic into four holiday apartments, which was supposed to happen in 1984 alongside the renovations, was never completed. The house operated as a guesthouse until 2009. The assessment was based on the exterior appearance, taking into account a heightened safety discount. The external grounds are neglected and partially overgrown. Price Thoughts: The property is currently being auctioned by the local district court with a market value of 91,000.00 EUR. There is a potential opportunity to secure a 30% discount on the market value, potentially allowing the buyer to acquire the property for just 63,700.00 EUR. In addition, notary fees and broker commission may be waived. This property presents a unique investment opportunity for buyers looking to acquire a property at a discounted price with potential for future renovations and improvements.