House for sale in Erfurt, Germany

Property Description: A single-family house with one floor, partially basemented and with a partially developed attic. It offers a living space of 85 m², including a laundry room. Additionally, it has a former barn with a useful area of 80 m² and two parking spaces for cars. The building was constructed around 1900, renovated in 1958, and modernized around 1990. The layout includes on the ground floor a hallway, a bathroom, a kitchen, and two rooms totaling 55 m². The attic consists of a hallway, a storage room, another bathroom, and two rooms with a total of 30 m². Heating and hot water are provided by gas central heating (Viessmann Vitola model from 1990); renovation and modernization works are required. Thoughts on Price: The property is currently being auctioned by the competent local court. The market value is listed at 92,000.00 EUR. There is a possibility of securing a 30% discount on the market value, resulting in a purchase price of only 64,400.00 EUR. Additionally, notary fees and agency commission are waived. This property presents a great opportunity for potential buyers looking to acquire a cost-effective real estate investment.