House for sale in Bad Honnef, Germany

Property Description A two-story two-family house with a basement and converted attic as well as a dormer and a garage was built around 1870. The house has been modernized, including the electrical system and facade renovated, and the attic bathroom was renovated in 2023. The layout includes a hallway, basement rooms, heating, and a laundry room on 136 m² in the basement. On the ground floor (mezzanine), there is a hallway, a bathroom, a kitchen, 5 rooms, and 2 terraces on 152 m². The attic consists of a hallway, a storage room, a bathroom, a kitchen, 4 rooms on 107 m². There is also a separate room with a shower room and kitchen on 27 m². The room heights are 3.73 m on the ground floor and 2.75 m in the attic. The attic could not be inspected. Each apartment is heated by a gas boiler; hot water via a gas instantaneous water heater. The structural condition is inadequate, the equipment is mostly basic to medium standard, and the rooms are normally maintained. Only necessary modernizations have been carried out, mainly some time ago. There are structural defects and building damage, including several wall openings due to water pipe breaks, minor facade damage, typical moisture in the basement, numerous cracks in the ceiling plaster and stucco, partially dismantled radiators on the ground floor, and mold formation in the ground floor shower room. Price Thoughts: The property is listed for a purchase price of 722,000 euros. However, there is the opportunity to potentially secure a 30% discount on the market value, bringing the purchase price down to 505,400 euros. Additionally, there are no notary fees or agent commission to be paid. This could be a good investment opportunity for buyers who are willing to address the necessary repairs and upgrades to bring the property up to a desired standard. The location in Bad Honnef also adds value to the property, with its proximity to amenities and transportation links.