House for sale in Wipperfurth, Germany

Buyer Perspective of the property located at 51688 Wipperfürth: Property Description: This is a two-story, semi-detached house with a total living area of 133 m². It comes with a garage and two parking spaces, along with a part-open garden pavilion. The house was built in an unknown year, approximately between 1830-1880, when it was a single-family home. It was remodeled and expanded in 1979 and later modernized from 1980 to 2010, with features like exposed brick walls, modern windows, and a modern heating system. The property has a garden and a part-open garden pavilion. Room Layout: * Kellergeschoss (basement): Hall, 2 cellars * Erdgeschoss (ground floor): entrance, hall/living room, bedroom, wardrobe, bathroom/WC, kitchen, living room, partially covered terrace (68 m²) * Obergeschoss (2nd floor): hallway, bedroom, bathroom/WC, kids' room, kitchen, living room, balcony (65 m²) * The layout has a total of 7 roomsof which 5 are used for living space, and 2 are for bedrooms.<br> Finishing: * Bathrooms (both with WC): Modern * Kitchen: Modern * Heating (each floor): Gas central heating on the ground and first floors * Hot water: Gas-fired water heater in the ground floor * Lighting (roof windows): Good natural light is available due to the roof windows(each room) * Windows: Modern single-glazed windows The property is in need of some maintenance and repairs, as it shows signs of wear and tear. Investment Potential: The estimated value of the property, considered its location, size, and renovation needs, is 190,000€. The buyer should consider deducting 30% from the appraised value (133,000€), which would make the total cost for the property 190,000€ - 41,700€ = 148,300€, without notarial fees and property agent's commission. Lifestyle Investment: The property's location in Wipperfürth, with its surrounding greenery, makes it an attractive choice for those looking for tranquility and a rural lifestyle. However, it may not be an ideal option for those looking for urban amenities and services close by. Its proximity to local shops, schools, and recreational areas may be appealing to families. The property's condition may require some investment in renovations to achieve the desired living standards. The real estate market in Wipperfürth and the surrounding areas may indicate that properties of this type and size have a relatively good market value, with stable prices in the long run. Additionally, the property's condition and unique features may make it stand out in the local market, potentially drawing the interest of potential buyers in the long term. At the same time, it is essential to consider the property's potential for renovation and modernization, as it may provide a valuable opportunity for the buyer to increase its return on investment when reselling the property in the future.