House for sale in Giesen, Germany

From a buyer's perspective, this property is located in Giesen, Germany, with a price of 126,000€. The property description states that the house is a 2-story, semi-detached with a garage and cellar, built in 1955 with a total living area of 73.07 m². It has 2 stories with 3 bedrooms and 1 bathroom in the upper level. The kitchen, dining area, and living room are located in the lower level with 2 more rooms, 1 bathroom, and 36.63 m² of living space. The condition of the house is described as having a medium level of complexity with a higher than average need for maintenance and requiring renovations. The contact information for further inquiries is provided for inquiries from Monday to Friday 8:00 - 20:00 and on Saturday and Sunday from 10:00 - 18:00. The property is mentioned to be auctioned through the local amtsgericht, with an established market value of 126,000€. Compared to the auction price, you would be able to secure a 30% discount on the inventory value which would correspond to a purchase price of 88,200€. This includes notary fees and commission. The property is featured in the company's monthly catalog. As for investment purposes, there is room for negotiation with the court, as they are looking to sell the house quickly. Though the condition of the property is described as requiring maintenance and renovations, it seems to be priced relatively low. However, to accurately determine the potential return on investment and whether it is a good deal, I would recommend comparing the property to similar, recently sold properties in the area and evaluating the potential rental income and long-term appreciation of the property. Regarding lifestyle, living in this property would offer a comfortable accommodation with a garage and a cellar in a semi-detached home. Giesen, the location offers a quiet environment with good transportation links as it is mentioned that the house is located in 31180 Giesen. In summary, for an investor, there is potential in this property due to the low price and the possibility of negotiating with the court. However, it is essential to evaluate the property's condition and the potential returns on investment in this area.