House for sale in Lippstadt, Germany

Property Description: This property consists of three buildings located in Lippstadt, Germany. The first building is a two-story detached house with an attic, built in 1895 and partially modernized in 2001/2008. It has a living area of 259 square meters and a usable area of 87 square meters. The second building is a two-story attached residential and commercial building, constructed before 1900, with a living area of 120 square meters and a usable area of 150 square meters. The third building is also a two-story attached residential and commercial building, dating back to before 1900, with a living area of 132 square meters and a usable area of 304 square meters. Some of the buildings are in poor condition and in need of urgent renovation. They are considered dilapidated and demolition is recommended. The ceilings are partially deteriorated and at risk of collapse. The outdoor areas have a high maintenance backlog. Additionally, the sanitary facilities are in a poor state. The property is being auctioned by the local court with a market value of 519,000.00 EUR. There is a possibility to secure a 30% discount on the market value, reducing the price to 363,300.00 EUR. Notary fees and agent commission are also waived. Price Thoughts: The price of 519,000.00 EUR for this property seems reasonable considering the size and potential of the buildings on the site. However, the significant renovation and maintenance required should be taken into consideration when determining the overall value. The discounted price of 363,300.00 EUR may present an opportunity for buyers willing to invest in the necessary repairs and upgrades.