House for sale in Stadthagen, Germany

Property Description: This single-story multi-family house consists of three residential units, a cellar, and a converted attic. The living space is 273 square meters and it also includes a tool shed. Built in 1975, the basement was converted for residential purposes in 1997. The layout is as follows: The basement includes hallways, a boiler room, three rooms, a kitchen, and two toilet rooms. The ground floor features a hallway, a guest toilet, three rooms, a bathroom/toilet, a kitchen, a living room, and a partially covered terrace. The attic has a hallway, three rooms, a kitchen, a bathroom/toilet, and a loggia. The property requires significant modernization and renovation work. There are visible signs of mold and humidity in the cellar. The exterior area is neglected and unkempt. Price Thoughts: The property is currently listed for sale at a price of 198,000 euros. Given the extensive renovation needed and the neglect of the exterior area, the asking price may be considered high. However, there is an opportunity to potentially secure a 30% discount on the property's market value through auction, bringing the price down to 138,600 euros. It is important for potential buyers to consider the cost of renovation and repairs when evaluating the overall value of the property.