House for sale in Lauf a.d.Pegnitz, Germany

Description: Located in a hillside position, this single-storey family house with a partial basement and converted attic offers a total of 95 sqm of living space. The property also includes a garage with 42 sqm of usable space, a stable extension with 97 sqm of usable space, a barn with a side extension (63/37 sqm of usable space), and a former outdoor toilet with a septic tank. The exact year of construction is unknown, however, the roof and facade were renewed in 1974. Additionally, there is agricultural and forestry land included. The layout on the ground floor consists of a hallway, a guest toilet, a bedroom, a bathroom/ WC, a kitchen, and a living room. The attic floor features a hallway, 3 rooms, and a storage room. The heating is provided by separate stoves, although not in all rooms. The buildings are in poor condition and cannot be used further without comprehensive renovation. This property is being auctioned at the local district court with a market value of 460,000.00 EUR. You may potentially secure a 30% discount on the market value and pay only 322,000.00 EUR for the aforementioned property. Notary fees and agency commissions are also waived. This is just one of many interesting properties that we publish in our monthly cost-effective real estate auction catalog. Contact us for more information on how to acquire your desired property at a great price. Price thoughts: The listed price of 460,000.00 EUR for this property reflects the current market value taking into account its location, size, and the included land. However, the property's poor condition and the need for extensive renovation may be a factor to consider when evaluating the price. The potential for a 30% discount on the market value through the auction process presents an opportunity for buyers willing to invest in the property and undertake the necessary renovations. Buyers should carefully assess the costs of renovation against the discounted purchase price to determine the overall value of the property.