House for sale in Cadolzburg, Germany

Property Description: Two-story half-timbered house with crawl space, outbuilding, and garage with space for three cars (former workshop). The residential building was built over 100 years ago, and the garage was renovated in 2018. Apart from the garage, the overall condition is poor; the residential building has significant damage and requires extensive renovation work. A economically viable option would be demolition, however, rebuilding in the same size may not be possible due to required setback areas. Only the ground floor could be visited in the building, and instead of a staircase, there is only a primitive ladder to the upper floor, which was not entered due to safety concerns. Thoughts on Price: The property is listed at a price of 220,000 EUR, with the option to potentially secure a 30% discount on the market value, resulting in a purchase price of only 154,000 EUR. Considering the extensive renovations required and the possibility of demolition, the price appears to reflect the current condition and potential limitations of the property. Buyers should carefully consider the cost of renovations and the feasibility of future development before making a decision.