House for sale in Lunen, Germany

Property Description This property is a two-story multi-family house with three residential units, fully basemented and with converted attic space. The total living space is 224.83 m², with individual apartments ranging from 45-108 m². Additionally, there is a prefab garage that was built in 1992. The main building dates back to around 1900, with modernizations carried out in the last 15 years. Unfortunately, an interior viewing was not possible; the connection between the ground floor apartment and the first floor via an internal staircase, as well as the construction of a dividing wall on the first floor, were done without the necessary building permit. There are significant structural defects and building damages, especially in the staircase and basement. Additionally, due to mining damages, the house tends to sink heavily from south to north. The condition of the exterior grounds is deemed inadequate. Price Thoughts The listed selling price of 269.000€ seems fair considering the significant issues and damages mentioned in the property description. However, potential buyers should take into account the substantial renovations and repairs that will be required to bring the property up to a livable standard. The opportunity to potentially secure a 30% discount on the appraised value and only pay 188.300€ could make it a more attractive investment for those willing to undertake the necessary renovations.