House for sale in Hamburg, Germany

Property description: Two-story two-family house with partial basement, a living area of 124.46 m², an extension, as well as a carport and a remise (stable building). Year of construction 1926, modernizations carried out in 1984 and 1990, carport built in 1990. Room layout: On the ground floor there is a hallway, guest toilet, bedroom, bathroom/toilet, dining room, kitchen, and living room with a total of 62.23 m²; on the upper floor, there is a hallway, guest toilet, bedroom, bathroom/toilet, dining room, kitchen, living room also with 62.23 m². The heating has been done through a gas central heating system, which was shut down by the district chimney sweep in November 2023. The entire building complex is in significantly below-average structural condition, with substantial damage in some areas. This includes moisture damage such as black discoloration, staining, and fungal infestation on many parts of the roof structure. The outdoor areas are overgrown. The necessary measures for damage repair and the associated costs do not justify the actual value of the buildings. Price thoughts: Considering the poor condition of the property, the asking price of €530,000 seems quite high. The extensive repairs and maintenance required to bring this property up to a livable standard could potentially cost a significant amount. However, it is worth noting that there is potential for a 30% discount on the valuation, bringing the price down to €371,000. This could be a good opportunity for a buyer willing to invest in renovating the property and turning it into a desirable home.