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House for sale in Graben-Neudorf, Germany
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House for sale in Graben-Neudorf, Germany

480 000€

76676 Graben-Neudorf

Property description

Property Description: Leasehold for a two-story, basement two-family house with a partially converted attic. The living space is 186 m² and includes a double garage and a 40 m² barn. The building was constructed around 1960, with an extension added in 1970. In addition to the house, there is also a building plot. The layout of the house is as follows: on the ground floor, there is a hallway, 2½ rooms, kitchen, bathroom/ WC, and a conservatory with glass panels covering an area of 89 m². Upstairs, there is a hallway, 2 rooms, another bathroom/WC, and the option for a kitchen connection, with an area of 67 m². The attic has a mansard room with 30 m². Heating and hot water provision are provided by an oil central heating system from 1997. The floor plan of the building reflects the standards of the time but partially offers inefficient use on the ground floor. The lighting and sunlight exposure are good to adequate. The structural condition ranges from satisfactory to poor, with some minor maintenance backlog and general renovation needs. The leasehold has been in effect since 16.03.1959 and is valid for 75 years. Thoughts on Price: The property is listed for 480.000€, which may seem high given the condition and renovation needs of the building. However, there is potential for a discount of up to 30% off the appraised value, reducing the price to 336.000€. This could make the property a more attractive investment opportunity for buyers willing to take on the necessary renovations and updates. Keep in mind that there are no additional notary fees or agent commissions, making it a potentially cost-effective purchase.

Location

76676 Graben-Neudorf

Date added: 29.10.2024

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