House for sale in Wuppertal, Germany

Property description: A detached multi-family house in timber frame construction with an annex consisting of a total of 6 apartments. The building is two stories high, basement, and has a converted attic. The living space varies between 43 and 104 square meters with a total living area of 448 square meters. Additionally, there are terraces and 4 garages. The main building was built in 1900, while the garages were built in 1950 and 1985. The heating and hot water supply are provided by a wood pellet heating system installed in 2011. A floor heating system was installed in the right annex. Four out of the six apartments were available for viewing. The sunlight and lighting in the apartments are satisfactory. However, there are building defects and damages identified, including moisture problems in the basement area on the outer walls, outdated electrical systems, renovation needs in the attic apartment, damaged roof windows, lack of insulation in the top floor ceiling, and partially low railing heights at the windows. Thoughts on price: The property is listed at a price of 435,000€, but there is an opportunity to potentially secure a 30% discount on the appraised value, bringing the price down to 304,500€. Taking into consideration the need for renovations and repairs, the discounted price presents a good opportunity for potential buyers to invest in this property and improve its condition. The property offers a significant amount of living space and potential for enhancements, making it a worthwhile investment for those looking to take on a renovation project.