House for sale in Burgdorf, Germany

Property Description: A single-family house (manufactured by Nordhaus as a prefabricated wooden panel construction) with one floor, a basement, and a converted attic, offering a living area of 190 m². Additionally, the property includes a double garage, a shed, and a swimming pool. The house was built in 1978, the attic was converted in 1998, and the exterior cladding was modernized with insulation in 1998. The basement was converted for residential purposes in 2013, and the basement windows were updated. The layout on the ground floor includes a hallway, cloakroom, guest toilet, master bedroom, bathroom, 2 children's bedrooms, kitchen, living room, and a covered terrace totaling 128.01 m². The attic features a hallway, a bedroom, another bathroom, a kitchen/living area, and a terrace measuring 62 m². The house is equipped with a gas central heating system (replaced in 2013). Both the residential building and the outdoor areas are in poor condition and require significant renovation. There is a maintenance backlog and general renovation needs. The equipment in all rooms is in need of renovation and modernization. The covered swimming pool in the garden is no longer usable. Price thoughts: The property is listed at a price of 283,000€ and is being sold at a judicial auction. The estimated market value is 283,000€, but there is potential to secure a 30% discount, bringing the price down to 198,100€. This discounted price eliminates notary fees and agency commission, making it a potentially cost-effective investment opportunity, despite the need for renovations and maintenance. It's important to consider the overall condition of the property and factor in the additional costs of bringing it up to modern standards before making a decision.