House for sale in Bubenheim, Germany

From a buyer's perspective, this property description highlights a two-story, single-family home with a basement and adjacent outbuilding in need of renovation. The property is located in Bubenheim, Germany. While the property requires significant maintenance and is currently undergoing a sanitation process, the listing notes that it is being auctioned through a local court. The estimated market value is €134,000, with a potential discount of 30% bringing the total cost to just €93,800, including notary fees and real estate agent commission. For a real estate investment, this property offers a significant discount, making it an attractive option for those looking to potentially profit from the costs of renovation. However, it is essential to consider the potential costs and time commitment involved in the renovation process. It is also helpful to consult with a real estate agent or an investment advisor to assess the long-term potential profitability of the property. As a lifestyle purchase, the property may not be suitable for those who wish to move in immediately, as significant work will be needed before it becomes livable. However, for those who are willing to invest time and effort into renovation, it could provide an excellent opportunity to acquire a property in a prime location at a much lower cost. Moreover, the property's location in Bubenheim may present ample opportunities for outdoor activities, such as hiking or biking.