House for sale in Duchroth, Germany

From a buyer's perspective, this property description reveals a few key points. First, it is a two-story house in need of significant renovation, with a living area of 175 m², and includes additional outbuildings. The house is an older structure, built in 1900 and underwent renovations starting in 2006, but there are still several necessary repairs that need to be completed. These repairs include complete finishing of the walls, windows, and the roof, as well as a structural assessment to ensure stability. The property is advertised at a price of 134,200€. However, the description also states that interested buyers can secure a 30% discount on the market value, reducing the final purchase price to 93,940€. This discount, plus the savings on notary fees and real estate agent commissions, makes the property seem like an attractive investment opportunity. As for a real estate investment, the current condition of the property may make it difficult to predict the return on investment. Renovating a property can be costly and time-consuming, and there is no mention of the potential rental income or the current rent prices in the neighborhood. As a lifestyle purchase, however, the property offers a lot of potential for a renovation enthusiast or someone who is interested in taking on a challenging project with the aim of making their own living space. Overall, the property sounds like a good investment for someone who is prepared for a significant amount of work and has the skills or resources to handle a comprehensive renovation. However, the buyer should conduct their own research to determine the potential return on investment and to ensure they are prepared for the challenges and expenses associated with the property.