House for sale in Erftstadt, Germany

Property description: This 2-story, 2-family house with its own garden and terrace, as well as a balcony and adjacent garage with storage space, is located in 50374 Erftstadt. The house offers a total living space of 200 m² and was built in 1955, expanded in 1998, and renovated in 1999. The layout includes a hobby room, two basement rooms, a laundry room, and a hallway in the basement. The ground floor features a hallway, bathroom, living/dining room, two bedrooms, and a kitchen. The upper floor and converted attic offer a hallway with wardrobe, storage room, kitchen, dining room, living room, and a toilet with a total area of 72.72 m², as well as a hallway, bathroom, and 4 additional rooms with an area of 64.76 m². Ceiling heights vary throughout the house, with the basement at 2.00 m, ground floor at 2.20 to 2.55 m, upper floor at 2.41 m, and attic at 2.36 m. The property is well-lit and ventilated, with heating provided by individual electric night storage heaters and a solid fuel stove in the living room of unit 2. Hot water is supplied by an electric instantaneous water heater. The condition of the property includes a partially dirty facade paint, mostly removed balcony tiles, a damaged entrance door on the ground floor, partially damaged wood floorboards in the ground floor, and damaged ceiling cladding in the bathroom (possibly due to moisture). Thoughts on price: The listed price of 475,000 EUR seems high considering the potential repair and maintenance costs required. However, with the possibility of securing a 30% discount on the market value, bringing the price down to 332,500 EUR, this could make the property more appealing for buyers looking for a potential fixer-upper opportunity. Additionally, the elimination of notary fees and broker commissions adds further value to the overall investment. It would be advisable for interested buyers to thoroughly inspect the property and assess the renovation costs before making a decision.