House for sale in Schieder-Schwalenberg, Germany

Property Description: Leasehold for a 2-family house, single-storey with partial basement and converted attic. The living area is 150 square meters and the usable area is 74 square meters. The house features a balcony, a terrace, a garden, a wooden garden house, two corrugated iron garages, and a garage complex with three parking spaces and a storage room. The building was constructed in 1959, and the garages were added in 1962. The layout is as follows: In the basement, there is a hallway, two cellar rooms, the boiler room, and the laundry room. On the ground floor, there are hallways, a storage room, a bathroom, a kitchen, a dining room, a bedroom, and a living room. The attic contains a hallway, a bathroom, a kitchen, an apartment with a toilet/shower, two bedrooms, and a living room. The apartments are heated with gas heaters, each equipped with its own gas boiler. Various building defects and damages have been identified, including moisture damage to the exterior walls in the basement area (up to a height of 1 m), a vertically running crack in the ground floor extension connection, uneven floor coverings with heavy wear, missing roof gutters and broken tiles on the roof covering, as well as inadequate sound and thermal insulation. Leasehold for a duration of 99 years, until 31.12.2058. Thoughts on Price: The listed price for this property is at 100.000€. However, there is an opportunity to secure a 30% discount on the market value, bringing the cost down to 70.000€. Additionally, there are no notary fees or agency commissions to be paid. Despite the identified building defects, this property offers a spacious living area and outdoor amenities, making it a potential investment opportunity for those willing to undertake necessary renovations. The property also presents the chance to own a freehold property at a discounted rate through leasehold ownership. It is recommended for buyers seeking a fixer-upper with potential for improvement and customization.