House for sale in Munchen, Germany

Property Description: This two-family house, single-storey with a basement and converted attic, offers 135 square meters of living space and 63 square meters of usable space. Built in 1958, the property also includes a workshop building, with a total usable area of 103.20 square meters, that was constructed in 1965. The layout of the house is as follows: The basement includes a hallway, a laundry room, and five cellar rooms. On the ground floor, there is an entrance hall, a hallway, a master bedroom, a bathroom with toilet, two children's rooms, a kitchen, a living room, and a winter garden. The attic houses a hallway, a master bedroom, a bathroom with toilet, a storage room, a kitchen, a living room, and a balcony. Heating and hot water supply are provided by an oil central heating system installed in 1986. The building appears neglected overall, with noticeable defects and a need for cosmetic repairs. It is likely that larger repairs and modernizations would be necessary with a change of ownership to meet contemporary living standards. Thoughts on Price: The property is being auctioned by the local court at a market value of 1,380,000.00 EUR. However, there is potential for a 30% discount on the market value, reducing the price to 966,000.00 EUR. Additionally, notary fees and agency commissions are waived. Considering the need for renovations and repairs, the discounted price may represent a good opportunity for buyers willing to invest in updating and modernizing the property to meet their desired standards.