House for sale in Lahnstein, Germany

Property Description: A multi-family house with a one-sided building style, consisting of three apartments and three floors. The house has a cellar and a living area of 154.99 square meters. It was built in 1900. Heating is done through individual gas stoves, and hot water is provided by a gas water heater. An interior inspection has not taken place. The building has adequate lighting and sunlight. A significant water damage was detected in 2021, indicating potential issues such as rot and mold in various parts of the building. Various moisture damage is also visible, including a heavily rusted roof window on the street side. The facade, particularly on the courtyard side, is heavily damaged and in need of renovation. The external condition of the building appears poor, and the property is overgrown. The house has been vacant and uninhabitable since 2018. Price Thoughts: The property is being auctioned by the local court with a market value of 55,400.00 EUR. There is a possibility to secure a 30% discount on the market value, making the property available for only 38,780.00 EUR. In addition, notary fees and agent commissions are waived. Despite the issues mentioned, with the discounted price, this property could be a potential opportunity for someone willing to invest in renovation and restoration.