House for sale in Issum, Germany

As an investment property, the 240,000€ property at Issum offers a combination of potential advantages and drawbacks. The relatively low asking price of 240,000€ for a property with a total living area of approximately 85/65 m² suggests an undervalued market, which could lead to a profitable resale in the future. The presence of additional spaces such as former retail and bakery spaces, a backroom, and an oil-fired heating system also provide opportunities for further development and rental income generation. However, the property's condition, which includes outdated fixtures, an imperfect fathomable room layout, and a dilapidated ground floor apartment, may pose challenges that increase the overall cost of repairs and modernization. The lack of a balkon and a basement room with a window may also limit the attractiveness of this property as a potential rental apartment. Furthermore, the zuständigen Amtsgericht has indicated a potential market value of 240,000€, which suggests concerns over the property's true market value. As a lifestyle purchase, this property could provide a unique opportunity for buyers to acquire a small residential building with the added benefit of income-generating spaces and room for potential conversion or expansion. However, the property's overall condition may not be suitable for individuals seeking a turn-key solution or those who are not prepared to undertake renovation or refurbishment projects. Given the above factors, investors looking for a low-risk and potentially high-yielding opportunity may be better off focusing their search on more well-maintained properties with a higher potential market value. Those interested in a unique project or lifestyle purchase, however, may find the Issum property a suitable fit. In conclusion, it is essential to perform a thorough analysis of the property's condition and market value before committing to this investment. Prospective buyers should also consider consulting with a real estate professional or recruit the services of a surveyor or architect to assess the extent of potential repairs and modernization costs.