House for sale in Lage, Germany

This property is a detached house that has been severely damaged by fire, resulting in its current state as a ruin. It consists of one floor, a basement, and a previously converted attic space, alongside a dilapidated double carport. The fire that occurred on July 11, 2024, caused extensive destruction to the building, rendering it only a shell of its former self. This property presents a challenging opportunity for renovation or redevelopment for those looking to invest in real estate. Given its location in 32791 Lage, it may offer potential advantages for future construction or restoration projects, depending on local regulations and market conditions. Buyers looking for a renovation project typically engage in extensive planning to assess the feasibility of restoring such properties, as this can vary greatly depending on the extent of the damage and local property values. As it stands, the purchase price of this site reflects significant potential for a discerning investor to capitalize on lower entry costs while considering the investment required to restore and occupy or resell the property.