House for sale in Battgendorf, Germany

Property description: Townhouse (condominium no. 8), spread over 2 floors with a basement and partially converted attic, with a living area of 141 sqm. The property has a garden for exclusive use, as well as an underground parking space no. 28 (double parker/duplex, accessible via a car lift). Built around 1910 (according to the energy certificate), with renovation, modernization, and renovation measures between 2005 and 2022. The room layout includes: in the 2nd basement: hallway with access to the apartment; in the 1st basement: 2 cellar rooms, storage niche, laundry room (currently used as a room); ground floor: hallway, guest toilet, kitchen, dining room, living room, balcony with access to the garden; upper floor: hallway, bathroom/toilet, storage room (walk-in closet), 2 rooms, balcony; attic: hobby room. The house is rented out and is heated with district heating, also for hot water. There are building defects and damages. The total size of the property on which the townhouse is located is 1,601 sqm. The part to be acquired, however, only refers to the share of the land on which the house stands. Price thoughts: The asking price for this property is 468.000€, but it is being sold through a judicial auction. The estimated market value is typically lower than the asking price, and there may be potential discounts of up to 30%. This could bring the price down to 327,600€, making it a potentially good investment opportunity. However, considering the building defects and damages mentioned in the description, it is important to carefully assess the potential renovation costs before making a decision to purchase.