House for sale in Hullhorst, Germany

From a buyer's perspective, this property is located in Hüllhorst, Germany, and it has a listed price of €15,000 (~£12,630). The property is a duplex with two floors, a garage, and an old workshop. However, there are significant issues and violations of building codes that have not been legally resolved, making it difficult to determine the property's true value. The description mentions that the property hasn't been legally converted into a multi-unit apartment building, so there is no observed rental income history, which would be crucial for investment purposes. Therefore, the listed price may be affected by the fact that it’s only suitable for single use at the moment. For a lifestyle purchase, this property might not be the best investment due to its questionable condition and unclear usage rights. As a speculative investment, it would be challenging and risky to predict future restoration costs, rental income potential, and overall returns. On the bright side, there is a potential 30% discount available, which could lower the price to €10,500 (~£8,800), but this discount is only available if the buyer agrees to it. However, before making a decision, it is highly recommended to consult with a qualified real estate agent, architect, and lawyer to evaluate the condition of the property, estimated restoration costs, and potential revenues.