House for sale in Lohmar, Germany

Property description This is a two-story single-family end-of-terrace house with a basement, offering a living area of 111 m². The house was built in 1968/69 and has been modernized since, including the heating system in 1999 and the windows in 2000. The layout includes a porch, a hallway, a WC, a utility room, a laundry room, and a garage in the basement. On the ground floor, you will find a hallway, a kitchen, a living/dining room, a balcony, and a terrace. The upper floor features hallways, a bathroom, a master bedroom, two children's rooms, and a balcony. In addition, there is a garage in the basement and an attached garage. There have been identified some defects and damages in the building, including the need for repairs on the roof and partially on the roller shutter boxes, moisture problems on the walls in the basement and on the balcony, cracks in the facade, and slight efflorescence on the brickwork. Price thoughts: Considering the property's condition and the identified defects, the asking price of 380,000 EUR seems high. However, the potential to secure a 30% discount on the market value through a possible auction process could make this property a more attractive investment opportunity for those willing to undertake necessary repairs and renovations. Additionally, the opportunity to avoid notary fees and agent commission could further enhance the value proposition for potential buyers. It is recommended to explore the detailed information available in the property auction catalog for a comprehensive assessment of this property's potential value.