House for sale in Liebenburg, Germany

Property Description: Two-story single-family house without a basement, with a living area of 185 square meters and an annex (former workshop) with 37 square meters of usable space. The building dates back to 1840 and was expanded until 1926. The layout includes on the ground floor a hallway, an office, two bathrooms, a storage room, a kitchen, and a living room. Upstairs, there is a hallway, three bedrooms, a laundry room, and another storage room. The heating is done through a gas condensing boiler, which is currently not in operation. Not all rooms can be heated. The hot water is heated in the bathroom via an electric instant water heater, while only cold water is available in the kitchen. The building is in poor condition, requiring significant renovation and refurbishment. Thoughts on Price: The property is being auctioned by the competent district court with a market value of 97,400.00 EUR. There is potential to secure a 30% discount on the market value, resulting in a purchase price of only 68,180.00 EUR for the above-mentioned property. Additionally, notary fees and agency commissions are waived. This presents an opportunity for a buyer to potentially acquire the property at a discounted price and invest in necessary renovations to enhance its value.