House for sale in Iserlohn, Germany

As a buyer, this property description offers a 2-family house with 2 separate units in Iserlohn, Germany, featuring 103/81 square meters of living space in total with an annex and 2 garages. The house was built in 1954, with the annex and garages constructed in 1970. The property appears to be in need of some maintenance, as it highlights various issues such as renovation needs, repairs, and signs of wood rot (Hausschwamm). From an investment perspective, the property's official valuation is €174,000, however, the description suggests that you could potentially secure a 30% discount, reducing the final purchase price to €121,800. While this can represent a substantial saving, the price still seems fair given the property's condition and location. The ongoing maintenance costs and the need for renovation could pose challenges for buyers interested in this property. From a lifestyle perspective, this property would be well-suited for those looking for a 2-family home with potential income opportunities through renting out one of the units. The property is spacious and offers convenience with the included garage and terraces. Its location in Iserlohn, a town with a proud industrial heritage and a growing population, offers excellent connections via two highway junctions and a train station. It's essential to weigh these factors carefully and consider whether the potential benefits (spacious living space, income opportunities) outweigh the challenges (renovation needs, maintenance costs). You should hire a professional to thoroughly inspect the property before making a decision to ensure you fully understand the costs and potential issues involved.