House for sale in Extertal, Germany

From a buyer's perspective, this property is a two-story, semi-detached house with a total living area of 175 square meters, which includes a garage and a former stable. The main house was built in 1962, and the garage was added in 1967. The property description states that the current configuration consists of a reception room, a bedroom, an attic room, and two children's rooms and a bathroom with a toilet on the ground floor. On the first floor, there is a hallway, a bedroom, a bathroom with a toilet, a kitchen, and a living room. The top floor consists of a hallway, two rooms, an office, and two storage rooms. The heating and hot water are provided by an oil-fired central heating system. During the inspection, only the hallway and one room on the ground floor were examined. The property has not undergone significant renovations or maintenance in the past 15 years, and there are visible construction defects. Specifically, the building permit requirements were not met during the construction of a room with a bathroom in the attic. The property owner mentions that there will be significant costs related to a major street improvement project, including sewage and drainage lines, starting in 2024 or 2025. The property is listed for sale for 94,000 Euros. Potential buyers should note that this price includes a 30% discount on the market value. By doing this, the estimated price to be paid by the buyer is 65,800 Euros, which includes notary costs and broker fees. As an investment, the property may not have the greatest potential, as it requires significant renovations and updates. However, the discounted price and the potential to achieve a good rental yield might make it an attractive option for investors looking to renovate and rent out the property. From a lifestyle perspective, the property could provide a comfortable living space for a family, thanks to its two floors with three bedrooms and four bathrooms. The property's location in Extertal might be ideal for those who want a quiet, rural lifestyle while still having easy access to local amenities and public transportation. However, the property's condition and the upcoming street improvements might require careful consideration before making a final decision.