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House for sale in Duisburg, Germany

126 000€

47057 Duisburg

Property description

Based on the description of the property, it may be challenging for both a real estate investor and a potential homebuyer to see its potential. The former may view it as an eyesore that would be more beneficial to demolish and repurpose the land for a more profitable venture. On the other hand, a potential homebuyer might be intrigued by the charm of retro design but discouraged by the lack of maintenance and the high level of required investment to bring the property up to modern standards. The asking price of 126,000€ seems relatively low, but given the property's current condition and the potential time and cost required to renovate it, it may not represent a good investment for either party. The one positive aspect is that the property is located in Duisburg, which is a central location close to Dortmund and Essen, and could potentially provide good connectivity. However, without considering the property's direct neighbors and the overall projected desirability of the area, this benefit is speculative. Overall, it is likely that the property would be a challenging investment and potentially even a costly undertaking for both real estate developers looking to flip the property and homebuyers who would want to live in it. Additionally, the presence of outstanding maintenance issues may deter both parties from considering it further.

Location

47057 Duisburg

Date added: 24.07.2024

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