House for sale in Graben-Neudorf, Germany

Property description: Erbbaurecht for a two-story, basement 2-family house with a partially converted attic. The living area is 186 m² and includes a double garage and a 40 m² barn. The building was built around 1960, with an addition from 1970. In addition to the house, there is a building plot. The layout of the house is as follows: On the ground floor, there is a hallway, 2 ½ rooms, kitchen, bathroom/toilet, and a conservatory with a glazed area of 89 m². Upstairs, there is a hallway, 2 rooms, another bathroom/toilet, and the possibility for a kitchen connection, with an area of 67 m². The attic has a mansard room with 30 m². Heating and hot water supply are provided by an oil central heating system from 1997. The layout of the building conforms to the standards of the time but offers partially inefficient use on the ground floor. The lighting and sunlight exposure are good to sufficient. The structural condition varies from satisfactory to poor, with minor maintenance backlog and general renovation needs. The Erbbaurecht has been in place since March 16, 1959, and is valid for a duration of 75 years. Price thoughts: The property is listed at a price of 480,000 EUR, which may seem high considering the existing maintenance and renovation needs. However, there is a discount of up to 30% available, bringing the price down to 336,000 EUR. This could potentially make it a more attractive investment opportunity for buyers willing to put in the effort and resources to bring the property up to standard. Additionally, the absence of notary fees and agency commission further sweetens the deal.