House for sale in Krefeld, Germany

Property Description Semi-detached house in a quiet location with two floors and a basement on a plot of 155 m². The house has a rear extension with an additional floor and basement, providing a total of 30 m² of living space. It also includes a garage, a small wooden house, and a well. The main building dates back to 1929, the extension was added in 1977, and the garage was built in 1989. Various modernization measures were carried out in 2014, including waterproofing the flat roof of the extension and replacing windows and the heating system. The layout of the house is as follows: on the ground floor, there is a hallway, a former bathroom with toilet, a bedroom, a new bathroom with toilet, a dining room, a kitchen, a living room, and a balcony. Upstairs, there is a hallway, a separate toilet, and three children's bedrooms. The attic was converted for residential purposes without the necessary building permit. It is heated with a gas central heating system, and there is also a wood-burning stove in the living room. The hot water supply is partially through the heating system and partially through a tankless water heater. The property is in poor condition with numerous cracks in the walls and damp spots in the basement. The back of the plot is on a lower level. Thoughts on Price Given the condition of the property, including the repairs and renovations that are needed, the listed price of 320,000 EUR seems a bit high. However, with the potential for a 30% discount on the market value, reducing the price to 224,000 EUR, this could be a more reasonable investment opportunity for someone willing to put in the work to bring the property up to standard. It is important to consider the additional costs involved in purchasing a property at auction and completing necessary repairs.