House for sale in Bochum, Germany

From a buyer's perspective, this property might not be the most desirable for a real estate investment due to the fact that it requires substantial renovation and modernization. It has an outdated layout with partially encroached rooms, and it will cost a significant amount to bring it up to current standards. However, for someone looking for a lifestyle purchase, with enough vision and renovation skills, this property could offer a great sense of fulfillment for creating a unique living space that reflects their personal style. The property, located in Bochum, is priced at 204,000€ for a 121-square-meter, 105-year-old house with three floors, a cellar, and a loft. The neighborhood is likely zoned for certain renovations, and the property is part of a protected building group, which adds another layer of complexity to any alterations. Listed under the reference number 12.115, the vendor keenly gives room for negotiations, suggesting a lower bid, and for it to meet the auctioneer's reserve. One must remember that while buying at a discount, there will most likely be hidden costs such as agent's fees and legal expenses, which are not included in the basic purchase price. Therefore, after all the calculations, the final price could come close to the full asking price, which might not represent a great bargain in the end. Please, provide more information, like neighborhood details and the local real estate market dynamics, for a more comprehensive analysis.