House for sale in Burgbrohl, Germany

Property description: Semi-detached house with one floor and basement, converted attic, 119 m² living space, with garage, built in 1958. Layout: On the ground floor there is a porch, storage room, hallway, kitchen, bathroom, and 2 rooms; on the attic floor there is a hallway and 4 rooms. The heating is done through electric night storage heaters and hot water is provided by a instantaneous water heater. The building has been vacant for five years and is in an average condition. The roof was recently renovated, but no other significant modernizations are known. There is a backlog of maintenance, especially in the windows, entrance door, facade, and outdated building technology. The interior, including the bathroom area, is in need of renovation, and a modern heating system should be installed. The exterior areas and garage also require maintenance. The property borders directly on the Brohlbach. No impairments due to high or groundwater damage are known so far, but this cannot be ruled out, especially in extreme weather events. The market value of the property may vary depending on planned renovation measures. Thoughts on price: The listed price of 120,000 EUR seems fair considering the condition and potential renovations needed for the property. However, given the maintenance backlog and renovation requirements, it may be worth exploring the possibility of securing a 30% discount on the market value, bringing the price down to 84,000 EUR. This could be a good opportunity for a buyer willing to invest in the necessary updates and improvements to turn this property into a comfortable and modern home.