House for sale in Rinteln, Germany

Property description: A detached single-family house with one floor and a basement, offering a living area of 129 square meters and a useful area of 18 square meters, as well as an annex with a useful area of 26 square meters. Built in 1970, the house had its garage renovated in 2018. Additionally, there is an undeveloped plot of land included. The layout comprises, in the basement: entrance area, hallway, utility room, laundry room, totaling 18 square meters; two finished rooms, bathroom/WC, totaling 53 square meters; on the ground floor: hallway, guest WC, master bedroom, bathroom/WC, children's room, kitchen, living room, conservatory, totaling 76 square meters. The property is heated by an oil furnace from 1995, with an additional connection for a wood-burning stove. The annex features a non-functional (decorative) fireplace. The main house is in an age-appropriate structural condition, while the annex is in poor condition. There is some significant maintenance backlog and a general need for modernization and renovation in some areas. The outdoor areas appear slightly neglected, with the rear part of the undeveloped plot overgrown and not buildable. Thoughts on price: At a price of 162.000€, this property offers potential for a buyer who is willing to invest in renovation and modernization. With a possible discount of 30% on the market value, the property could be acquired for 113.400€, excluding notary fees and agent commission. This could be a great opportunity for someone looking to purchase a property at a reduced price and enhance its value through renovations.