House for sale in Ludenscheid, Germany

Property description: This property is a single-story terraced house with a basement and converted attic, complete with an integrated garage. It was built in 1981 and has a living area of 104 m². The layout includes a tank and heating room, a storage room, and a garage in the basement. The ground floor features a hallway, a cloakroom, a WC, a kitchen, and a living/dining room. The attic consists of a hallway, a bathroom/WC, a storage room, a bedroom, and a children's room. Heating and hot water are provided by an oil central heating system. The building is in a heavily neglected state and is currently uninhabitable. It requires decluttering, extensive renovation, and completion of the exterior grounds. The estimated total cost for these works is €140,000. Thoughts on price: At a listed price of €136,000, the property is being sold at its estimated market value. However, considering the extensive renovation required and the additional costs involved, the actual investment needed to make the property habitable may exceed the market value significantly. Potential buyers should carefully assess the total expenses involved in renovating the property before making a decision.