House for sale in Burgbrohl, Germany

Property description: This semi-detached house, with one floor and a basement, has an attic, 119 m² of living space, and a garage. It was built in 1958. The layout includes a hallway, storage room, kitchen, bathroom, and 2 rooms on the ground floor, while the attic has a hallway and 4 rooms. The heating is provided by electric night storage heaters and hot water is heated by a instantaneous water heater. The building has been vacant for five years and is in average condition. The roof has been recently renovated, but no other major modernizations are known. Significant maintenance is required, particularly for the windows, entrance door, facade, and outdated building technology. The interior, including the bathroom, needs renovation, and a modern heating system should be installed. The exterior areas and garage also require maintenance. The property borders directly on the Brohlbach. There have been no known impairments due to high or ground water damages, but this cannot be excluded, especially during extreme weather events. The market value of the property can vary depending on planned renovation measures. Price thoughts: The price of 120,000 EUR seems reasonable for this property considering its size, location, and condition. However, with some necessary renovations and modernizations, the value of the property could potentially increase. Furthermore, the opportunity to secure a 30% discount on the market value, bringing the price down to 84,000 EUR, makes it a more attractive investment for those willing to put in the work to improve the property.