House for sale in Solingen, Germany

Property Description A two-story, detached two-family house with a basement and a gross floor area of 272 m² including two garages and two parking spaces, as well as a shed. The house dates back to 1904 and was renovated in 1952 to convert a stable into living space. A renovation took place from 1980 to 1985, during which the roof, facade, and windows were replaced. Not occupied for several years. The house is heated by a gas heating system and additionally has a wood stove on the ground floor. The hot water is provided by the heating system on the ground floor and by a boiler on the upper floor. The attic is partially finished but not suitable for living space, it could be converted. The building is in a heavily worn state and requires urgent renovation work. The property is overgrown and needs clearing. The back of the property (north side) borders steeply on the river Itter. Thoughts on Price The property is being auctioned at a market value of 212,000.00 EUR. However, there may be an opportunity to secure a 30% discount on the market value, bringing the price down to 148,400.00 EUR. Notary fees and agency commissions are also waived. This could be a great investment opportunity for someone looking to renovate and restore a historic property in a desirable location like Solingen.