House for sale in Lohmar, Germany

From a buyer's perspective, this property is a 2-story, 4-bedroom (2 upstairs) house that includes a basement, chestnut wooden floors, and is built on a total living space of 111 m². The construction of the property was completed in 1968/69 and has undergone several modernizations, including the renovation of the heating in 1999, and windows in 2000. Considering the current condition and yesteryear modernizations, there are multiple defects and issues that require attention. These include repairs needed on the roof and part of the roller blinds, moisture problems in the basement and on the balcony, cracks in the facade, and mild efflorescence on the clay brick walls. Given these issues and their potential costs to repair, the closer approach towards buying this property should hold your estimate for the property at approximately 380,000€. Considering the repairs and other incidentals, the effective price you would pay is around 266,000€. Considering the overall property condition, if your purpose for buying is property investment, this might not be the ideal property. Compared to other properties of similar type and age with better condition, the expected returns on your investment might not be reflective of the current market. Prospective buyers looking at this house as a primary residence or for personal use might find the location appealing as Lohmar is well connected with great local amenities