House for sale in Essen, Germany

Based on the provided description, it is evident that the property in Essen, Germany is in a state of disrepair and requires significant renovation and repairs, which likely to make it unattractive for many potential buyers. The property consists of 8 apartments within a 3-story building with a basement and attic. The living spaces vary between 26 to 57 m², providing a total of 245 m² of living space. The property was built in 1929 and still has an old-fashioned interior that needs to be updated to modern standards. Some of the issues noted in the description include: - The heating system, which is gas-fuelled, is not functioning and needs to be replaced. - Two apartments in the attic were not approved as living spaces and cannot be used as such. - The attic apartment was damaged by fire, and no information is given about the extent of the damage or the repairs necessary. - There is garbage and other items stored in the basement, which needs to be removed. Given these issues, it would be challenging to estimate the property's value accurately. However, considering the extent of the repairs required, the buyer may consider purchasing the property for a discounted price due to the increased risk and effort involved in renovating it. As for the lifestyle aspect, living in this property would likely be challenging due to the ongoing renovation and improvements required. It is also unclear if the property is inhabitable or if living there during the renovation would be impossible due to safety concerns. In conclusion, the property in Essen, Germany, described in the buyer's perspective, has significant issues that make it a risky investment and a challenge as a lifestyle purchase. Potential buyers would need to weigh the advantages and disadvantages carefully before making a decision. The described issues should also be addressed to significantly reduce the risk and increase the appeal of the property to potential buyers.