House for sale in Issum, Germany

Property Description: A semi-detached, two-story dwelling with a total living area of approximately 85/65 m², featuring a basement, ground floor, and attic. The property has a total floor area of approximately 140 m². It includes an adjacent store, a former bakery, and a backhouse, which were built in the early 20th century and modernized in the 1990s (including sanitary, electricity, and windows). The house consists of a basement room, an entryway, a bathroom, a kitchen, and three rooms on the ground floor, along with a hallway, bathroom, kitchen, and three rooms on the upper floor. Both dwellings are currently rented and heated with an oil heating system, which was installed in 2002. The exact living area is unknown, as there are no documents available. The furnishings are considered simple and outdated, and the facade of the building, made of Klinker stones, gives an overall well-maintained impression. The ground floor apartment appears to be somewhat worn out. In addition to basic renovations, further modernization is required in the medium term. The layout of the living space is generally considered marketable, although there is no balcony, and the bathroom on the ground floor does not have a window. The adjacent building seems to have reached the end of its economic lifespan, and the plot could be further developed if necessary. Property Overview: The property is valued at €240,000 and is located in Issum, Germany. The estimated property price including a 30% discount is €168,000, which includes notary fees and brokerage costs. The listing can be found in the monthly catalog, which is available upon request by calling the number 0221-97459790. Additionally, the listing number is provided for the court which is conducting the auction. Investment and Lifestyle Perspective: For a real estate investment, this property presents a good opportunity, as it is priced below the average market value for similar properties in the area. However, it requires some renovations and modernization, which will add to the initial investment cost. The location is ideal for someone looking to own a property in Issum, as it offers a mix of residential and commercial buildings. It could be a profitable investment for savvy buyers who are willing to put in some work. From a lifestyle perspective, the property offers a charming semi-detached house with two storeys, providing adequate living space for a growing family. The building's previous use as a store and bakery may also offer additional living spaces with potential rental income. However, the property's condition will require significant upgrades and modernization, which may not be suitable for someone looking for a move-in-ready home. In summary, the property offers a good investment opportunity but requires significant renovations and modernization. It may not be ideal for someone seeking a turn-key lifestyle purchase, but it could be a suitable investment for those with time, resources, and vision to transform the property.