House for sale in Ratingen, Germany

Property Description Detached single-family house with a separate granny flat in the basement, single-storey with converted attic. The living space is 210 square meters in the main building and 53 square meters in the granny flat. The house features a terrace, a garden in front and behind the building, as well as a garage. It was built in 2004. Layout: In the basement, there is a hallway, 2 cellar rooms, a hallway, a shower room with toilet, a bedroom, a storage room, and a living/dining room with an open kitchen. On the ground floor, there is a hallway, a corridor, a bathroom, a guest room, a kitchen with pantry, and another living/dining room. The attic houses a hallway, a gallery, a cloakroom, a bathroom, and 3 rooms. The gas central heating provides heating and hot water, but there are structural defects and damages. These include moisture discoloration in the area of the attic bathtub, a roller shutter in need of repair in the attic, minor cracks and discoloration on the facade on the gable to the right of the window element, some broken and shifted corner stones on the retaining wall, damaged and broken post anchors on the fence system to demarcate the granny flat, and neglected exterior grounds. Thoughts on Price The listed selling price of 1.140.000€ seems high given the noted structural defects and damages. However, with a potential discount of 30% off the market value, bringing the price down to 798.000€, it could present a more attractive investment opportunity for buyers willing to address and rectify the issues. Additionally, the absence of notary and agent fees could provide further cost savings for potential buyers. It is important for interested parties to carefully consider the extent of repairs needed and factor those expenses into their decision-making process.