House for sale in Kerpen, Germany

Property Description Single-family semi-detached house on two floors with a basement and converted attic, with a living area of 147.48 m². Additionally, there is a rear annex, formerly a garage, single-story without a basement from 1934, with the garage being built in 1959. The layout includes a hallway, two basement rooms, a laundry room with bathroom/ WC, the boiler room, and the tank room in the basement. On the ground floor, there is a hallway, a guest WC, a bedroom, a storage room, a living/dining room with an open kitchen, and a terrace (71.34 m²). Upstairs, there is a hallway, a dressing room, two children's rooms, a bathroom/WC (54.49 m²). The converted attic includes a studio, a loggia (21.65 m²). The property is heated by an oil central heating system; hot water is partially provided by the heating system and partially by an electric instant water heater; good lighting and ventilation are available. The house is in a neglected structural condition, with various construction defects such as cracks and damage to the facade, outdated roofing, heavily weathered wood paneling on the dormer, windows, the front door, etc. Thoughts on Price The listed price of 328,000 EUR may seem high considering the neglected condition of the property and the need for significant repairs and renovations. However, with the potential to secure a 30% discount on the market value, bringing the price down to 229,600 EUR, it presents a more attractive opportunity for buyers looking to invest in a property with potential for improvement. Additionally, the property being sold at a court auction can offer further cost-saving benefits by waiving the notary fees and agency commissions. Ultimately, with the right investment in renovations and improvements, this property could potentially offer great value and return on investment in the long run.