House for sale in Rohrbach, Germany

Property Description The two-story residential building with a living and usable area of 171.35 m² is not basement and has outbuildings. It was built in 1777 and renovated in 1958. The layout includes on the ground floor a hallway, a kitchen, and two rooms, and on the upper floor a hallway, a bathroom, and two more rooms. Heating is provided by a gas central heating system, while hot water is supplied by a tankless water heater or boiler. The overall structural condition is assessed as generally poor and deficient externally. There is a significant maintenance backlog and a need for renovation, refurbishment, and modernization on the paved grounds. Extensive demolition work on several structurally endangered buildings has been carried out due to regulatory requirements. Currently, the northern part of the residential building, the basement of the demolished southern part of the residential building, the single-storey outbuilding on the northeastern property boundary, the two-storey tobacco shed south of it, and the ground floor of the partially demolished outbuilding south of the tobacco shed are still on the property. It is assumed that only the northern part of the still-standing residential building can be preserved for long-term use after comprehensive renovation, equivalent to a core renovation. All other remaining buildings or parts thereof are largely heavily damaged and not suitable for realistic and meaningful continued use and are therefore likely to be demolished. Overall, the property is therefore available for new and redesign, with the northern residential part to be preserved. Price Thoughts The listed price of 345.000 EUR may seem high given the condition of the property and the need for significant renovations. However, there is an opportunity to potentially secure a 30% discount on the appraised value, bringing the price down to 241.500 EUR. This discount, along with the waiver of notary fees and brokerage commissions, could make this property a more attractive investment for buyers willing to take on the renovation challenge. It is important for potential buyers to carefully consider the cost of renovations and the overall investment required before making an offer on this property.