House for sale in Bonn, Germany

Property Description: The two-story single-family end-of-terrace house has a living space of 97.28 sqm and is fully basemented. It also includes a garden and a garage. Built between 1961 and 1963, the layout is as follows: In the basement, there is a hallway, a utility room, a cellar room, a foyer, two heating rooms, and access to the garden. On the ground floor, there is an entrance hall, a toilet, a hallway, a kitchen, a living/dining room, and a terrace. The upper floor consists of a hallway, a bedroom, a bathroom, and a children's room. The house is in a basic condition with maintenance backlog and renovation needs. The facade shows some damage to the plaster, and there are also damages and weathering on the single-glazed wooden windows with shutters. Paint chips are noticeable on the front door, and age-related damage is visible in the basement's cast iron sewage pipes. An extensive renewal of the outdated electrical distribution is required. Minor saltpeter efflorescences have been found in the basement that need to be fixed. The living spaces are in a basic condition corresponding to the year of construction. Flat renovation costs for modernizing the bathroom, guest toilet, and living area are deducted. Moisture ingress has been discovered at the rear of the garage roof, and damages are evident on the facade of the garage in the base area and at the sides of the gate opening. Corrosion damage has been identified in the lower area of the swing gate that needs to be repaired. After implementing these measures, permanent and unrestricted residential use can be assumed. The location of the property is moderate. Price Thoughts: The property is priced at 390,000 EUR, but there is an opportunity to secure a 30% discount on the appraised value, bringing the price down to 273,000 EUR. Additionally, the property is being auctioned at the local district court, with the possibility of avoiding notary costs and broker commissions. It is important to consider the necessary renovations and repairs when determining the overall value of the property.