House for sale in Querfurt, Germany

Property Description Two-story residential and commercial building with a total area of 360 m² and an outbuilding dating back to approximately 1875. The layout includes on the ground floor a hallway, a retail space, a utility room, an interior room, and a bedroom; on the upper floor a hallway, two bedrooms, a bathroom/WC, a kitchen, and a living room. The building has been vacant for about two years and is heated by a gas central heating system and supplied with hot water. The property is part of the historic district (DSchG-LSA) and has already begun the renovation process. However, there are still significant structural defects and damages, as well as a backlog in repairs. Thoughts on Price: The asking price of 82,000€ is in line with the current market value of the property. However, considering the need for renovations and repairs, prospective buyers may be able to secure a 30% discount on the market value, bringing the price down to 57,400€. This presents a great opportunity for buyers looking to invest in a property with potential for improvement and value appreciation. With no additional notary fees or agent commissions, this property offers good value for those willing to take on the necessary work to restore it to its full potential.