House for sale in Essen, Germany

Property Description: This property is a two-family terraced house located on a slope in Essen. Built in 1970, the house features two floors, a basement, a flat roof, and a living area of 168.09 m², as well as a garage. The garage was added in 1973, and the roof was re-done in 1990. Additionally, the property includes a share of 1/5 in a garage courtyard (376 m²). The layout is as follows: the basement contains a hallway, 2 rooms, and a laundry room. The first apartment on the lower floor consists of a hallway, 2 rooms, a terrace, totaling 45.09 m²; on the ground floor, there is a hallway, a guest toilet, a kitchen, a living/dining room, and a balcony with 58.76 m². The upper floor of the second apartment includes a hallway, a wardrobe, a guest toilet, a bedroom, a bathroom/toilet, a kitchen, a living room, and a balcony, totaling 64.24 m². One room in the lower floor serves as a passageway and is heated by night storage heaters. The hot water is provided by a tankless water heater and an undersink unit. The property is in an average condition with original fittings from the construction year and requires renovation in certain areas. The leasehold is valid until July 2068. Price Thoughts: The property is listed at a price of 279.000€. Considering the average condition of the house and the need for some renovations, the price may be a bit high. However, there is a possibility to secure a 30% discount on the listed price, bringing it down to 195.300€. Additionally, the property is being auctioned off by the competent district court, making it a potentially good investment opportunity for those willing to put in the necessary work to restore and improve the property.