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House for sale in Gelsenkirchen, Germany

86 500€

45881 Gelsenkirchen

Property description

Property Description: This property is a semi-detached, two-story house with a loft and a total living area of 77 m²/floor + 71 m². It was built between 1900 and 1910 and renovated in 1947. The property comes with a 24 m² garden. The house comprises a basement, bathroom, bedroom, kitchen, and living room on the ground floor, and the same arrangement on the first floor. The heating in the property is provided partially through night storage heaters, as no central heating system is available. Due to the longer-than-usual absence of occupants and the discovery of stored items, extensive renovation and modernization work is required, including a structural inspection. The property has an appraisal value of 86,500€, and the auction will take place at the local court. Based on this information, as a potential buyer, I would say that this property offers modest investment potential due to its needs for substantial renovation and modernization. However, it may represent a great opportunity for those who enjoy lifestyle improvements and can visualize the potential of this unique, though somewhat dilapidated, property. Please be sure to consult a professional real estate expert for further advice on this specific property.

Location

45881 Gelsenkirchen

Date added: 24.07.2024

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