House for sale in Schlangen, Germany

Property Description: A historic residential building, partially in half-timbered construction, divided into two apartments. It extends over one or two floors, is partially basemented, and offers a total of 102/120 square meters of living space. Built in 1886, the layout includes three storage rooms in the basement, a bathroom, WC, storage room, kitchen, and five rooms on the ground floor. An extension includes a laundry room/oil storage and a utility or heating room. Upstairs, there is an apartment with a wooden bay window and a covered terrace. One apartment is rented out, and no modernizations or energy improvements have been made to the building. The structural integrity is heavily compromised, the interior is mostly outdated, and there are signs of neglect. From an economic perspective, this is a property that should be demolished. Price Thoughts: The asking price for this property is 93,000 EUR. Given the condition and potential need for significant renovations or even demolition, the price may be high. It is worth considering the cost of repairs and renovations when evaluating the overall value of this property. The opportunity to potentially secure a 30% discount on the market value could make it a more attractive investment for those willing to undertake the necessary work to restore or develop the property.