House for sale in Lindlar, Germany

Property Description This two-story residential building with a cellar vault offers a living area of 158 m² and features a shed with a rooftop terrace of 16 m². The building was constructed before 1900 and has parking facilities on the property. On the ground floor, there is a hallway, a bathroom, a laundry room, a storage room, and three rooms. The upper floor includes a hallway, a kitchen, three bedrooms, and a living/dining room. The house is currently heated by individual stoves, with some areas of the house remaining unheated. There is a propane tank in the garden. Various construction defects and damages exist, including extensive painting and interior finishing works on the ground floor, as well as finishing work on the wall coverings of the new windows on the upper floor. Additionally, repair and painting work needs to be carried out, and the electrical system must be inspected and repaired. Price Analysis The property is being auctioned by the competent district court at a market value of 169,000.00 EUR. There is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 118,300.00 EUR for the above-mentioned property. Moreover, notary costs and agency fees are waived. This property presents an opportunity to acquire a unique real estate asset at a discounted rate, with potential for improvement and appreciation. Consider exploring this property further to uncover its investment potential and suitability for your needs.