House for sale in Heiligenhaus, Germany

Property Description: This semi-detached house has one floor, a basement, and an attic. Each of the two units has 52/50 m² of living space (2 rooms each) and a single garage. The building was constructed in 1954, the attic was converted in 1974 (with dormer windows), and the garage was built in 2009. The heating is provided by an outdated gas heating system, while hot water is supplied by an electric tankless water heater. The house is in need of extensive renovation due to a water damage. Thoughts on Price: The property is being offered at a market value of 267,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to 186,900.00 EUR. Additionally, the property is being sold at auction by the competent district court, with no notary fees or agency commission involved. This presents a potential opportunity for buyers to acquire this property at a lower price and invest in the necessary renovations to improve its condition. It is advisable to consider the potential costs of renovation and assess whether the discounted price aligns with the value of the property in its current state.