House for sale in Wermsdorf, Germany

Property Description A detached single-family house with two floors, a basement, and a partially converted attic is being offered. The living area is 230 square meters and there is also a garage as an outbuilding. Built in 1968, the house has undergone renovations between 1994 and 2021. The layout includes: In the basement, there are a hallway, laundry room, foyer, and 4 cellar rooms. On the ground floor, there are hallways, a bathroom/ WC, kitchen/ storage room, bedroom, and living room. The upper floor accommodates hallways, a bathroom/ WC, children's room, bedroom, and living room. The attic has a hallway and 2 children's rooms. The building is heated with a combination of warm air and electric heating, with a solid fireplace in the upper floor. Hot water is provided by an electric water heater, but there is also a water-fed brick well. The property is used commercially on the ground floor without closure. There are existing building damages, and a land consolidation process is underway. The northwestern part of the property is at risk of extreme flooding from the Döllnitz river. Thoughts on Price: The listed price of 191,000.00 EUR seems reasonable considering the size of the property and the potential for renovations. With the opportunity to secure a 30% discount on the market value, the final price of 133,700.00 EUR may be a great investment for those willing to take on the necessary repairs and improvements. It's important to factor in the additional costs associated with building damages and ongoing legal processes. This property has great potential for those looking for a project to make their own.