House for sale in Straelen, Germany

Property Description: Detached building with living and commercial areas (consisting of 2 apartments and a store), with 2 floors and a basement, living area: 42/79 m², total of 121/37 m² living area/usable space, including a terrace. Year built 1967. Room distribution: basement: cellar rooms, boiler room; ground floor: hallway, bathroom, store, bedroom, kitchen, living room; upper floor: hallway, bathroom, living room, 3 bedrooms, balcony. A comprehensive interior inspection is difficult; the equipment is outdated and of simple quality, the building is not insulated and is heated with an oil boiler. Hot water is provided by electric instant water heaters. Extensive renovation measures are necessary to repair structural damage (e.g., damp cellar walls, damaged pavement, defective roof drainage, outdated technology). One possible option would be to convert the store into living spaces. Price Thoughts: The listed asking price of 183.000€ reflects the current condition and potential renovation needs of the property. With extensive renovations required, including addressing structural issues and updating outdated systems, the cost of bringing this property up to modern standards should be taken into consideration by potential buyers. However, the opportunity to potentially secure a 30% discount off the appraised value, resulting in a purchase price of 128.100€, offers a potential saving for buyers willing to invest in the property's restoration. Overall, while the property presents challenges in terms of renovation, it also provides the opportunity for creative transformation and customization to create a unique living or commercial space.