House for sale in Solingen, Germany

Property description A two-story, detached two-family house with a basement and a gross floor area of 272 m² including two garages and two parking spaces, as well as a shed. The house dates back to 1904 and was renovated in 1952 to convert a stable into living space. A renovation took place from 1980 to 1985, during which the roof, facade, and windows were updated. Not inhabited for several years. The house is heated by a gas boiler and has a fireplace on the ground floor. Hot water is provided by the heating system on the ground floor and by a boiler on the upper floor. The attic is partially finished but does not offer suitable living space, although it could be converted. The building is in a heavily worn condition and is in need of urgent renovation work. The property is overgrown and needs to be cleared. The back of the property (north side) steeply borders the river Itter. Price thoughts: The property is currently being auctioned at a value of 212,000.00 EUR. However, there is a possibility of securing a 30% discount on the property value, making the purchase price only 148,400.00 EUR. Additionally, there are no notary fees or agency fees involved in the purchase. This property offers potential for investment and renovation, and could be a valuable asset once restored to its full potential. Considering the size, location, and potential of the property, the discounted price presents a great opportunity for buyers looking to invest in a project with potential for growth.