House for sale in Kerpen, Germany

Property Description: A two-story, detached single-family house with a basement and converted attic is for sale. The living space measures 163.53 m², and there is a rear extension (workshop) with a usable area of 82.18 m², as well as a wooden garden house. The house dates back to 1895, with the extension being built in 1905. The layout of the rooms is as follows: In the basement, there is a hallway and two basement rooms. On the ground floor, there is a hallway, a bathroom, a kitchen, a living room, and a utility kitchen (connecting building). The upper floor has two hallways, a toilet, a bathroom, and three rooms. In the attic, there is a hallway, a bathroom, a storage room, a kitchen, and two rooms. The heating is provided by a natural gas central heating system with a gas boiler for water heating. The house has some cracks and damage to the facade. The annex is in a slightly neglected condition in terms of maintenance and upkeep. Thoughts on Price: The listed price for the property is 277,000 EUR, which may seem high considering the condition of the house and the additional work that may be needed for repairs and maintenance. However, there is a potential discount of 30% on the appraised value, making the final price 193,900 EUR. This discount, along with the waiver of notary fees and agent commissions, could make this property a more attractive investment for buyers looking to take on a project with potential for improvement. It is important to weigh the costs of renovations against the discounted price to determine if this property is a good fit for your budget and investment goals.