House for sale in Luneburg, Germany

Property Description: Single-family semi-detached house with a separate granny flat. The building is one-story with a small basement and a converted attic. The total living area is 95 square meters and the usable area is 15 square meters. It was built in 1894. The layout is as follows: The basement houses the boiler room and a cellar. The ground floor consists of a hallway, bathroom with toilet, kitchen, two bedrooms, and a living room. The attic has a hallway, study, another bathroom with toilet, a bedroom, a kitchen, a living room, and a balcony. Heating and hot water supply are provided by an outdated oil heating system. The lighting and sun exposure are sufficient, but there is inadequate room layout with connecting rooms. There are building defects and damage such as partial cracks, weathering on the wood paneling and balcony construction, leaky balcony door, potentially necessary roof insulation, moisture problems in the basement, and significant rust formation on the steel beams of the basement ceiling. Price Thoughts: The listed price of 386.000€ seems to be reflective of the property's condition and the work that may be required to address the existing issues. However, the possibility of securing a 30% discount on the market value, bringing the price down to 270.200€, could make this property a more attractive investment for buyers willing to take on renovation projects. It's important for potential buyers to carefully consider the costs of repairs and improvements in relation to the overall value of the property.