House for sale in Lunen, Germany

Property Description This two-story multi-family house is located in Lünen, with a total living space of 224.83 m², divided into three individual units ranging from 45-108 m². The building also includes a garage built in 1992. Originally constructed around 1900, the property has undergone modernizations in the last 15 years. Due to structural issues, there are significant building damages, particularly in the stairwell and basement. Additionally, the house has a tendency to sink from south to north due to mountain damages. The exterior grounds are in need of maintenance. Price Thoughts The property is being auctioned by the local court with a market value of €269,000. However, there is a possibility to secure a 30% discount, reducing the price to €188,300. This offer also includes waived notary fees and agency commission. Despite the need for renovations and repairs, this property presents a unique opportunity for buyers looking to invest in a property with potential for improvement. Contact us for further information and to discover other properties available in our monthly real estate auction catalog.