House for sale in Rees, Germany

Property Description: Terraced house (condominium No. 2) with 2 small apartments, ground floor, basement, converted attic, living space of 129.51 m², including balcony, covered terrace and front garden as well as backyard, separate garage, built in 1973/78 with extension of the covered terrace in 1987. Layout of the rooms: Basement: hallway, laundry room, boiler room with oil storage, 2 cellar rooms; Ground floor: hallway, bathroom, kitchen, bedroom, living room (67.58 m²); Attic: hallway, bathroom, kitchen, bedroom, living room (61.93 m²). The house is heated by an oil central heating system of the Viessmann Vitola comferral brand, installed in 1997. An electric instantaneous water heater is used for hot water supply. The bathrooms are designed as interior rooms. There are some modernization deficiencies, including possibly asbestos-containing artificial slate panels, signs of moisture, an unfinished water damage in the basement, corrosion on the balcony railing, damaged wallpapers, missing baseboard pieces, as well as the need to possibly check and renew electrical systems and pipes. The garage could not be inspected from the inside. The total land area is 907 m², with only a share of 35/100 being acquired. Price Thoughts: The listed price of 211.000€ reflects the current market value of the property. However, there is potential to secure a 30% discount on the market value and acquire the property for only 147.700€. It is important to note that additional costs such as notary fees and agency commission are waived in this case. Overall, this property presents a unique opportunity for buyers looking to invest in a spacious and well-located home with room for improvement and added value.