House for sale in Lohne, Germany

Description: Detached multi-family house with 3 apartments, spread over 2 floors plus converted attic, fully basemented, total of 233 sqm living space, including a double garage and a shed. Year of construction: 1973. The layout is as follows: In the basement there are a hallway, heating room, laundry room, 3 cellar rooms, and a shower room/WC. On the ground floor, there is a hallway, WC, bathroom, children's room, master bedroom, kitchen, dining room, living room, and a terrace measuring 92.8 sqm. The first floor is similar to the ground floor, but with a balcony and a living space of 90.45 sqm. The converted attic has a hallway, a bathroom, a storage room, a bedroom, a kitchen/dining room, and a living room with an area of 50 sqm. The rental apartments and garages are currently leased; heating and hot water are provided by a gas central heating system from 1998 with a burner from 2003. A depreciation for building defects has been estimated at a flat rate of €5,000 (including slight plaster and crack damage at the cellar neck, moisture damage in the lower floor and on the canopy, the staircase windows and front door need to be renewed). Thoughts on Price: The current market value of this property is listed at €275,000. However, there is the opportunity to potentially secure a 30% discount on the market value, bringing the purchase price down to €192,500. Additionally, with the elimination of notary fees and agency commission, this property offers a cost-effective investment opportunity. It is important to consider the potential for renovation and maintenance costs due to the identified building defects, but overall, this property presents a promising opportunity for a savvy buyer.