House for sale in Heiligenhaus, Germany

From a buyer's perspective, this property is located in Heiligenhaus and has a total living area of 102 m². The house was built in 1954 and has been through some extensions and renovations over the years, with the upstairs area converted in 1974 and a garage built in 2009. The house requires some renovation work due to water damage, which will be necessary before it can be lived in. The estimated value of the property is 267.,000 €. The buyer can potentially save on the purchase price with a 30% discount, which would make the final price 186.,900 €. This includes notary fees and commission costs. The property description suggests that this house is located within an auction managed by the local court. The property details are provided in a monthly publication of an immobilien auction catalag, which offers various affordable properties. As an investment property, given its condition requiring renovation and its location, it might not be the best choice. However, considering the potential for personal lifestyle improvements and possible value appreciation after renovations, it could still be a good investment. To make a clear decision, you would need to conduct further market research and appraisal to better understand the potential return on investment in this property.