House for sale in Torgau, Germany

From a buyer's perspective, this 17th-century property with a projected area of 239.46 m², located in Torgau, appears to be an attractive investment opportunity at a price of 19,000€. The property has four additional buildings that are planned to be demolished, and it was modified in the 19th century. The property is currently vacant and requires substantial repairs and maintenance work. Water supply infrastructure is lacking, and it would cost around 5,000€ to establish a public water connection. Although the property is already connected to the sewage system, there are no plans to charge access fees for water connections in the short or medium term. With a recommended bid of 13,300€ after a 30% discount on the market value, this property presents a potentially lucrative investment opportunity. It would be wise to consult with a real estate agent or legal professional to understand the detailed state of the property and the potential costs involved in rehabilitating it. Considering that the property has noteworthy historical value, as it dates back to the 17th century, you could explore various financing options to capitalize on the potential appreciation of this asset over time. Furthermore, it may also be an excellent lifestyle purchase if you are interested in historical properties and have a vision for renovation and restoration.