House for sale in Rinteln, Germany

Property Description A detached single-family house with one floor and a basement, featuring a living area of 129 square meters and a usable area of 18 square meters, as well as an annex with a usable area of 26 square meters. The house was built in 1970, with the garages being renovated in 2018. Additionally, there is an undeveloped plot of land. The layout includes in the basement: entrance area, hallway, heating room, laundry room, totaling 18 square meters; two finished rooms, bathroom/toilet, totaling 53 square meters; on the ground floor: hallway, guest toilet, master bedroom, bathroom/toilet, children's room, kitchen, living room, conservatory, totaling 76 square meters. Heating is provided by an oil heating system from 1995, with an additional connection for a wood-burning stove. The annex features a non-functional (decorative) fireplace. The main house is in a condition appropriate for its age, while the annex is considered to be in poor condition. There is some significant deferred maintenance and a general need for modernization and renovation in some areas. The outdoor areas appear slightly unkempt, with the rear part of the undeveloped plot being overgrown and not buildable. Thoughts on Price The property is being offered for sale at a market value of 162,000.00 EUR. However, there is a potential discount of up to 30% on the market value, allowing for a purchase price of only 113,400.00 EUR. Additionally, there are no notary fees or agency commission involved in the sale. The property presents an opportunity for buyers looking to invest in a property with renovation and modernization potential. The price reflects the current condition of the property and the need for updates and improvements in various areas. Interested buyers should consider the overall value of the property and factor in the potential costs of renovation when evaluating the purchase price.