House for sale in Issum, Germany

Property description: Detached single-family house with one floor, partially basement, with an attic and a living space of 140 square meters, as well as an annex and a garage. The building dates back to 1880, with the garage being built in 1961. Renovations were carried out in 1980 (roof) and 2015 (facade). The layout includes: a small cellar room in the basement; hallway, bathroom, boiler room, dining room, kitchen, and living room on the ground floor; hallway, four bedrooms, and a roof terrace in the attic. Heating and hot water supply are provided by a gas central heating system from 1991. The property has been neglected in recent years, requiring extensive renovation and modernization works both inside and outside. The estimated cost of these measures is €68,000 and is taken into account as a depreciating factor. Price thoughts: The property is being auctioned at a market value of €172,000. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to only €120,400. Additionally, notary fees and agency commission are waived. The property presents a potential opportunity for buyers looking to acquire a fixer-upper and invest in renovations to restore its charm and value.