House for sale in Wipperfurth, Germany

From the buyer's perspective, this vintage 1957 weekend house, located in Wipperfürth, offers a generous 150 m² of living space with a Partial overhanging terrace, private garden and a garage. The house's main level is filled with open living space making it the perfect place for a family. The property's partially overhanging terrace and energy-efficient Gastherme heating system (installed in 2021) make the house comfortable and cozy enough to use as a weekend/holiday home. Furthermore, the property benefits from a good sunlight exposure and an acceptable general status. It's actively waiting for some minor renovations and modernization to achieve its full potential. Being a weekend house, the property does not have any underlying fuel sources, such as an oil tank or a well, that might require costly maintenance or cause any issues in the future. However, there is an old fireplace that can provide that rustic feeling. The property is located in a relatively calm area which is a good factor when investing not just in the property but also in space living lifestyle. With a suggested Verkehrswert (market value) of €133.300, the property appears to be a reasonable deal, given the subtle renovations and upgrades it needs. If you consider an approximate 30% reduction on the suggested Verkehrswert, the asking price reduces to €93,310. This includes no Notary fees or Estate Agent commissions. As for the investment aspect, given that the asked price seems reasonable and fuel costs are minimal, this property offers a good holiday home option. However, if you're considering actively renting this place out for a weekend dash, the return on investment gets a bit uncertain due to the rural location and the need for renovations. Also, keep into account the running costs (utilities) may be slightly higher given its holiday home status. Overall, the property has a satisfactory appeal and would be a welcoming refuge for people looking to retreat for a relaxing weekend, but not for someone looking for a fully renewed and modernized apartment in the city. Make sure to consider the potential additional costs like renovation and running costs before making a final buying decision.