House for sale in Querfurt, Germany

From a buyer's perspective, this property is a 150-year-old, two-story building with a total area of 360 m², including a separate building and dating back to approximately 1875. It has been standing vacant for about two years and comes with a gas central heating system, which also provides hot water. The property is located in a protected historic area (Altstadt) and requires renovation due to several issues and damages that have not been addressed. As an investment, this property may not be the most ideal choice due to its poor condition and aging infrastructure. However, it may present an excellent opportunity for someone with experience in real estate upgrades, as the asking price seems relatively low considering the size of the property and its historical significance. Furthermore, the estimated repair costs and potential renovation expenses could be calculated, providing a clearer picture of the return on investment. From a lifestyle perspective, purchasing this property would be a commitment to a project requiring significant time, effort, and resources. The location in the historical Altstadt could be appealing to those who value serene neighborhoods and easy access to amenities. And although it's a relatively small town, Querfurt offers a variety of local attractions and events. However, it's crucial to consider that the property will require substantial work, including addressing the noted defects and ensuring compliance with building regulations. Anyone considering this purchase should also consult with a local real estate professional if they have any questions or concerns.