House for sale in Engelskirchen, Germany

As a potential buyer, this property presents a mixed investment opportunity. The single-story house offers 100 m² of living space with various additions, garages, and outbuildings. Additionally, the property benefits from three adjacent and adjoining lots, most of which are unoccupied. The age of the house, however, is a concern, as it was built over a century ago, with the additions made in the 1960s/1970s. A modernization in 2015 may alleviate some concerns, but without an interior inspection and proof of building permits for the additions, potential buyers may face uncertainty. The property's location in a protected landscape area also means it has restrictions on usage. For real estate investment, the property's age and uncertain additions may deter some investors, especially those seeking a turnkey investment. However, the extra lots could provide potential for expansion or development, subject to the necessary permissions and regulations. The price, approximately €281,700, seems fairly priced for the area, but without a thorough inspection and clarification of the property's condition, it may be challenging to determine its true value. As a lifestyle purchase, the property could be appealing to those seeking a spacious, detached house in a rural location. However, the age and condition of the property, as well as the restrictions on use due to its location, may not cater to all lifestyle preferences. Furthermore, the lack of a formal inspection and the unresolved questions about the property's legal status could create uncertainty and potential risks for the buyer.