House for sale in Gladbeck, Germany

Property Description: This 2-family house is spread over 2 floors with a basement and converted attic. The living space totals 159 sqm. Additionally, there is a single-story flat roof extension without a basement, featuring a balcony, terrace, and garden, built in 1963. The layout includes a hallway, laundry room, and 2 basement rooms in the basement. The ground floor consists of a hallway, a bathroom/ WC, 2 rooms, a dressing room, a separate WC, and a storage room totaling 99 sqm. Upstairs, there is a hallway, a kitchen, 3 rooms, and another bathroom/WC on 60 sqm. Information about the attic is not provided. The house is rented out and heated by a gas central heating system. There are connecting rooms in the apartment, and it is unclear if the attic conversion is approved. The structural condition of the property is below average, and an interior inspection could not be carried out. Thoughts on the Price: The listed price of 275,000€ may seem high considering the below-average structural condition of the property and the uncertainty regarding the attic conversion. However, with the potential for a 30% discount on the market value, purchasing this property for 192,500€ could be a good investment opportunity for someone willing to put in the necessary renovations and secure the necessary approvals. It is important for potential buyers to thoroughly assess the property's condition and consider the additional costs involved in bringing it up to standard before making a decision.