House for sale in Duisburg, Germany

Property Description: A mainly unused property with a former residential building in the north-western part of Duisburg. The buildings are in poor condition and in need of demolition. The property could not be entered, making interior shots impossible. The undeveloped area of the property is mostly covered with wild shrubs and trees. Price Thoughts: At a listed price of 1.443.000€, this property may seem steep considering its current condition and the need for extensive renovations or possibly even a complete rebuild. However, with the potential for a 30% discount on the appraised value, bringing the price down to 1.010.100€, it could be a worthwhile investment for the right buyer who is willing to put in the effort to restore or develop the property. It is important to thoroughly assess the potential costs of renovations and consider the overall investment before making a decision.