House for sale in Lohmar, Germany

Property description: A detached single-family house, one-story with mostly basement, 88 m² living space, including a cellar garage, winter garden extension, and covered terrace. Built in 1952/53, renovated and restored in 2018. Room layout: Basement: 3 cellar rooms, laundry room; Ground floor: hallway, storage room, guest room, bedroom, kitchen, shower room/ WC, 2 living rooms. The heating is provided by an oil hot water central heating system. There are building defects and damages, including to be renovated gates (entrance, garage), plaster cracks, leaky extension roofs with provisional covers, partially missing or loose skirting boards, and a non-usable bathroom in the basement. Thoughts on price: The property is priced at 400.000€ with a possibility of securing a 30% discount on the market value, making the purchase price 280.000€. This discounted price, along with the exclusion of notary fees and agency commission, presents a potentially attractive investment opportunity for buyers looking to acquire a fixer-upper property in a desirable location like 53797 Lohmar. Prospective buyers should consider the renovation costs and potential for future appreciation in value when evaluating the overall value proposition of this property.