House for sale in Essen, Germany

Property description: This property is a semi-detached house perfect for a family, consisting of one floor and an converted attic, with a living area of 113 m² and a basement. It has a double garage, a single-story outbuilding, a stable, and a garden house. Built in 1904, the building was originally designed as a two-family house. The garage was added in 1986. The condition of the interior and maintenance can be described as original. The layout partially shows a chain-like arrangement of rooms, and some rooms are rather small. Heating is provided by a gas boiler. There is a significant need for renovation and general repairs. Thoughts on price: The property is being offered at a price of €180,000, which reflects its current condition and the potential costs of renovations and repairs. However, there is the opportunity to secure a 30% discount on the market value through auction, potentially bringing the purchase price down to €126,000. Keep in mind that with the savings on notary fees and agency fees, this property could represent a great investment opportunity for those willing to put in the work to restore it to its full potential.