House for sale in Remscheid, Germany

From a buyer's perspective, this property is located in Remscheid, Germany and features a two-story residential and commercial building with approximately 598 m² of living and usable space. Additionally, there's a two-story workshop building (256 m²), a two-story outbuilding (62 m²), and a garage. Constructed in the first half of the 19th century, the property has a designated historical status. The property appears to be in need of renovation from the exterior. Investing-wise, the property's estimated market value is 115,500€, and the auction is set to start at this price. The property is being auctioned through the local court, and you can potentially secure a 30% discount on the starting bid price, making the effective purchase price approximately 80,850€. This includes the court notary and real estate agent fees. As a lifestyle purchase, this property offers a combination of home and commercial space in a historical building with a substantial amount of potential renovation and upgrade projects. The property is situated in the 42897 Remscheid region, which could have its own attractions and benefits. The overall attractiveness of the property for both real estate investment and lifestyle considerations will depend on your preferences, financial capabilities, and specific goals as a property buyer.