House for sale in Wuppertal, Germany

Property Description A detached multi-family house in timber frame construction with an annex consisting of a total of 6 apartments. The building is two stories high, with a basement and an attic. The living space ranges from 43 to 104 square meters, totaling 448 square meters of living space in the building. Additionally, there are terraces and 4 garages. The main building was built in 1900, while the garages were built in 1950 and 1985. Heating and hot water are provided by a wood pellet heating system installed in 2011. A floor heating system was installed in the right annex. Of the total six apartments, four have been viewed. The sunlight and lighting in the apartments are satisfactory. However, some building defects and damage have been identified, including moisture problems in the basement on the exterior walls, outdated electrical systems, renovation needs in the attic apartment, defective roof windows, lack of insulation in the top floor, and partially low parapet heights at the windows. Price Thoughts The property is listed at a price of €435,000, which may seem high considering the identified building defects and damage. However, there is an opportunity to potentially secure a 30% discount on the property value, bringing the price down to €304,500. In addition, notary fees and agency commissions are waived, making this a potentially cost-effective investment. It is important to consider the repair and renovation costs in relation to the discounted price of the property. Interested buyers should contact the listing agent for further information and to explore potential discounts on the property.