House for sale in Duisburg, Germany

From a buyer's perspective, this property description paints the image of a 1953-built, single-story, 82 m² home that has been remodeled from an office into a single-family home. The property has a flat roof and seems to lack a basement, which might limit storage space. The home's condition, however, appears to be subpar, as a comprehensive inspection in 2018 revealed an accumulation of deferred maintenance. In terms of real estate investment, it's challenging to determine the potential growth due to the property's deficient condition. However, considering the estimated selling price at approximately 126,000€, the pricing seems quite reasonable, and investing an additional budget for refurbishments might yield higher returns in the long run. Additionally, the small size of the home and relatively affordable price could attract potential investors looking for properties with strong rental income potential. As a lifestyle purchase, the property might not be the best fit for a family looking for ample space or newer amenities. The current layout of the home pieced together from an office suggests a lack of cohesive flow, which could require substantial alterations to improve livability. Additionally, the lack of current maintenance and upkeep shows that it may not be a hassle-free move-in-ready property. The prospective buyer would need to be prepared for the additional work, costs, and time an investment like this would require. The home also lacks surroundings that typically come with modern houses, such as a garden area for outdoor leisure or green space. However, the opportunity to customize and personalize the space while gaining equity through improvements might appeal to some buyers interested in long-term ownership and capital appreciation. Since the property is located in Duisburg, a more in-depth understanding of local market trends, amenities, and the neighborhood's piey engineered character would help gauge the potential attractiveness of the property further.