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59379 Selm
Property description: Semi-detached house (apartment ownership number 3), spread over one floor with a basement, with a living area of 81.61 square meters and an additional 53 square meters of usable space in the converted attic. It also includes a garage, a courtyard, and a garden area. The building was built in 1937 and extended in 1978. The layout on the ground floor includes: entrance area, bathroom, storage room, bedroom, kitchen, dining room, living room, and a large terrace. The attic has a hallway, another bathroom with shower/WC, a storage room, a converted room, and a bedroom. The heating and hot water supply are provided by an oil-fired central heating system. The attic conversion does not have planning permission. The conversion of the attic is not economically viable as it is worn out and has significant structural defects. Due to the building damage and defects, the attic was considered as usable space and not living space in the property valuation. Some conditions in the basement deviate from the plans in the declaration of division. The two garden sheds with fixtures, the pool, and the terrace roof with fixtures will not be auctioned off. The total plot area of 1,017 sqm refers to the overall size of the plot, while only the share of 30/100 is being purchased. Price thoughts: The listed price of 254,000 Euros seems reasonable considering the size of the property and the amenities it offers. However, the potential buyer should take into account the additional costs and work that may be needed to address the structural issues in the attic. With a 30% discount on the market value, the property could be a good investment opportunity for someone willing to renovate and improve the space.
59379 Selm