House for sale in Hamm, Germany

Property description: A two-storey single-family terraced end house without a basement and with a flat roof is up for auction. The living space is 118 m² and there are two parking spaces as well as a wooden garden house. The house was built in 2018 and has the following layout: On the ground floor, there is a hallway, utility/heating room, guest toilet, kitchen, living room, and terrace totaling 59 m². Upstairs, there is a hallway, a bedroom, a bathroom/toilet, two children's rooms, and a storage room, also with 59 m². The house is heated by an air/water heat pump with a hot water tank. An initial estimate indicated a devaluation of approximately 5,000 EUR due to existing maintenance backlog, structural defects, and damage to the building. Some of the defects include horizontal cracks in the walls and a slightly sagging floor on the ground floor. Additionally, the garden is in a neglected state. Price thoughts: The property is priced at 355,000 EUR, but there is potential to secure a 30% discount on the market value, bringing the cost down to only 248,500 EUR. Notary fees and agency commissions are also waived. Despite the mentioned flaws and maintenance issues, this property could be a great investment opportunity for those looking to renovate and add value. Consider reaching out for more information and to potentially make a smart purchase in the upcoming auction.