House for sale in Wald-Michelbach, Germany

Property Description: Detached single-family house with two floors and a basement, expandable attic, and a living area of 143.9 m². The house features an extension built around 1900, with another extension added in 1961. Renovations have been carried out since 2019, including the renewal of windows, electrical wiring, bathrooms, and general interior refurbishments. The property also includes an undeveloped garden with a south-facing orientation. The layout consists of a basement with 3 rooms (including a utility room) totaling 70 m², on the ground floor there is a hallway, bathroom, kitchen, and a large living/dining area of 73 m². The upper floor has a hallway, a chamber, and 4 rooms with a total living area of 71 m². The heating is provided by an oil central heating system from 1997, equipped with a burner. There is also underfloor heating, and hot water for the kitchen is generated by an electric on-demand water heater. The house receives adequate sunlight and natural light. Despite ongoing modernization work, it is not yet complete, and there are structural defects and building damages, such as unfinished interior work (missing floors, wall and ceiling coverings, unassembled sanitary fittings, incomplete electrical renewal), ceilings beams in need of repair, worn staircase construction without a handrail, windows that are present but not installed, and missing insulation. Price Thoughts: The listed price for this property is 251,400 EUR, but there is potential to secure a discount of up to 30% on the market value, resulting in a purchase price of only 175,980 EUR. Notary fees and agency commissions are waived in this case. The property is being auctioned by the local court, presenting a cost-effective opportunity for buyers looking to acquire a home with renovation potential.