House for sale in Issum, Germany

Description: This detached two-family house is one-story with a basement and an attic. The living space is 79 square meters and 66 square meters respectively. Built around the year 1900, with major modernizations in the 1980s regarding plumbing, electricity, and other areas. It also includes a garage and a shed, as well as a building reserve. The layout consists of various basement rooms and a heating room, a hallway, a bathroom, a bedroom, a kitchen, and a living room on the ground floor, and a hallway, a kitchen, and a living room in the attic. The ground floor apartment is rented out and heated by an oil heating system, probably from 2002. The overall equipment is simple and no longer up to current standards. The building appears well-maintained, although the attic apartment looks a bit worn. Renovations and modernizations will be necessary in the future, as there are structural defects and damage as well as renovation backlog in the attic apartment. The facade of the house is clad in brick. Thoughts on Price: The property is being auctioned by the local court with a market value of 300,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the purchase price down to 210,000.00 EUR. Additionally, there are no notary fees or agency commissions to be paid. Considering the potential for modernization and renovation, this property could be a good investment opportunity for those willing to put in the work to bring it up to current standards and increase its value.