House for sale in Ilmenau, Germany

Property Description: This single-story detached house features a basement and a converted attic, with a living area of 108 sqm. In addition, the property includes a double garage, a garden shed with a roof, and a small equipment shed. The house was built between 1959 and 1960 and was modernized between 1990 and 2005/2006. The garage was constructed in 1995/1996. Heating and hot water are provided by an oil central heating system, although there are some structural defects and damages present. Price Thoughts: The property is being auctioned at the local county court with a market value of €136,000. However, there is a possibility of securing a 30% discount on the market value, reducing the purchase price to only €95,200. In addition, there are no notary fees or real estate agent commission to be paid. This property presents a great opportunity for buyers looking for a cost-effective investment.