House for sale in Hamm, Germany

Property Description: A two-story single-family row end house without a basement and with a flat roof is up for auction. The living space is 118 m² and there are two parking spaces as well as a wooden garden house. The house was built in 2018 and has the following room layout: On the ground floor there are a hallway, utility/heating room, guest toilet, kitchen, living room, and terrace with a total of 59 m². Upstairs there is a corridor, a bedroom, a bathroom/toilet, two children's rooms, and a storage room, also with 59 m². The heating of the single-family house is done by an air/water heat pump with a hot water storage tank. A rough estimate revealed that due to existing maintenance backlog, structural defects, and damage to the building, a value reduction of approximately 5,000 EUR has been set. Some of the defects include horizontal cracks in the walls and a slightly sagging floor on the ground floor. Additionally, the garden is in a neglected state. Price Thoughts: The property is listed for sale at a market value of 355,000 EUR. However, due to the existing issues and maintenance needs, there is potential for a discount of up to 30% off the market value, bringing the price down to 248,500 EUR. This could be a good opportunity for buyers looking to invest in a property that they can improve and add value to. Be sure to explore all the details and consider the potential renovation costs before making a decision.