House for sale in Konigswinter, Germany

Property description: A detached single-family house, consisting of one floor, partially basemented and with a converted attic. The living area is 199 m² and it has a garage and an outbuilding. The building was constructed between 1930 and 1940 and expanded in the years 1967-1969. The garage was added in 1976. The layout is as follows: The exact details of the basement are unknown. On the ground floor, there are the garage, 4 rooms, a bathroom, the heating room, and a utility room. The attic includes a living room, dining room, kitchen, bedroom, 2 additional rooms, and a balcony. Overall, the property is in a significantly suboptimal condition. There are significant flaws and damages to the buildings, such as moisture damage, and there is a substantial need for modernization. Thoughts on the price: The listed price of 208,000 EUR is the assessed market value of the property. However, due to the condition of the property and the need for extensive renovations and repairs, the actual value may be lower. It is mentioned that there may be a possibility to secure a 30% discount on the market value, bringing the price down to 145,600 EUR. This lower price may be more reflective of the current state of the property and the potential investment needed to bring it up to livable standards. Buyers should carefully consider the costs of renovation and modernization when determining the value of this property.