House for sale in Rheinbach, Germany

Property description Semi-detached single-family house, divided into two apartments. The front building is a historic building with one floor, basement, 98 m² living space, and a terrace. In addition, there is a one-floor annex with 62 m² living space, built around 1953, with the annex added in 1997. The layout is as follows: The basement contains common areas and two cellar rooms. On the ground floor, there is a hallway, a bathroom, and a foyer. The attic includes a hallway, a toilet, a kitchen, and three rooms. The other apartment on the ground floor has a shower room/toilet, a kitchen, and two rooms. The kitchen in the annex has not been installed yet. The living room of the annex apartment is located on the ground floor of the main building. The basement of the main building includes common areas and two cellar rooms, exclusively for use by apartment No. 1. There is no structural separation between the apartments. The building has been affected by flooding, and the heating system has been out of operation since heavy rain in 2022. Price thoughts The listed price for this property is 548,000 EUR, with the possibility of securing a 30% discount on the appraised value, resulting in a purchase price of 383,600 EUR. Additionally, notary fees and agent commissions are waived. This property offers a unique investment opportunity, especially for buyers looking to acquire a fixer-upper or renovation project in a desirable location like Rheinbach. Considering the property's current condition and potential for improvement, the discounted price presents a valuable opportunity for a buyer willing to invest in renovations and upgrades. With some TLC and investment, this property could be transformed into a charming and profitable investment.