House for sale in Krempe, Germany

Property description: A single-family house without a basement with one floor and a converted attic. It has a living space of 149 m² and includes a garage. The exact year of construction is unknown, but it is believed to be over 100 years old. The layout includes on the ground floor an entrance area, a bedroom, a bathroom/toilet, a kitchen, and a living room. In the attic, there is a hallway, a bedroom, a walk-in closet, and two children's rooms. The house is heated by a gas central heating system and hot water is provided by a tankless water heater. In the first six months of 2022, the house underwent extensive interior renovations and modernizations. There is no information available regarding building permits and structural stability in the official building records of the Itzehoe District Building Authority. Walls were also removed and rebuilt. Some final work is still needed, such as the completion of the terrace and outdoor areas. Thoughts on price: The listed price of 235,000€ for this property in Krempe may seem on the higher end considering the age of the house and the ongoing renovation work. However, with the potential to secure a 30% discount on the appraised value through the court auction, the final purchase price could be reduced to 164,500€, making it a more attractive investment opportunity. Additionally, the fact that notary fees and agent commissions are waived could also make this property more appealing to potential buyers looking for a deal. It's important for interested buyers to consider the potential costs of completing the remaining work and factor that into their decision-making process.