House for sale in Neustadt an der Orla, Germany

Property Description: This two-story 1- to 2-family house from 1841 consists of a total of 173 m² of living space and two outbuildings. The main building does not have a basement and on the ground floor it features an entrance area, a kitchen, utility rooms, and a living room with 54.06 m². Upstairs, there is a hallway, a corridor, a bathroom/ WC, and 5 more rooms with a total of 119.47 m² of living space. The attic of the main building is used as storage space. The first outbuilding has a boiler room, a workshop, storage areas, and a stable on the ground floor, while the upper floor houses storage rooms, a workshop, and a hobby room. In the attic of the first outbuilding, there is an attic space. The second outbuilding consists of a stable on the ground floor, a hayloft on the first floor, and another hayloft/attic space on the top floor. The property has not been used for a decade. Heating and hot water are provided by an oil central heating system (Viessmann Vitola-comferral/WW storage Viessmann verticell with a capacity of 200 liters). There is a backlog of repairs and a need for modernization. The backyard is heavily overgrown. Thoughts on Price: The property is being offered at a price of 13,000 EUR, which reflects its current condition and the necessary renovations that will need to be done. However, there is an opportunity to secure a 30% discount on the market value, bringing the price down to 9,100 EUR. This discounted price, along with the elimination of notary fees and agency commissions, presents a potential investment opportunity for buyers looking to acquire a property with potential for improvement.