House for sale in Lindlar, Germany

Property Description: This two-story residential building with a cellar (vaulted cellar) offers a living space of 158 m². Additionally, there is a shed with a roof terrace and a usable area of 16 m². The building was estimated to be built before 1900 and has parking facilities on the property. The layout includes on the ground floor a hallway, a bathroom, a laundry room, a storage room, and three rooms. On the upper floor, there is a hallway, a kitchen, three bedrooms, and a living/dining room. The heating is currently done with individual ovens, with some areas of the house not being heated. A liquid gas tank is available in the garden. There are some structural damages and defects, including extensive painting and interior construction work on the ground floor, completion of wall coverings around the new windows on the upper floor, as well as various repair and painting work. Additionally, the electrical system needs to be checked and repaired. Price Thoughts: The listed price of 169.000€ may seem high at first glance considering the necessary repairs and upgrades needed for the property. However, it is important to note that there is potential to secure a 30% discount on the appraised value, bringing the price down to 118.300€. This discounted price, along with the waived notary and agency fees, could make this property a worthwhile investment for a buyer willing to put in the necessary renovations. It is advised to carefully assess the condition of the property and factor in the cost of repairs before making a decision.