House for sale in Marl, Germany

As a potential buyer, this property in Marl, Germany (Kaufpreis located at 45770) seems to offer a mix of opportunities and challenges. The property description reveals that it is a 1-story house without a basement, but with a developed attic. The living space is 83 m² and includes a garage, a water feature, and a terrace. The property was built in 1954, with the garage constructed in 1963. It has a total of 11 rooms, including a hallway, two rooms, a guest WC, a bedroom, a bathroom, a kitchen, and a living room in the ground floor. It also features two bedrooms and storage space in the attic. The property is currently rented with a monthly net rental income of 800,00 €. Originally, the house was heated using a storage heater, but it was upgraded to an electric heating system last year. There is a gas connection in the kitchen, but no gas meter. The hot water in the bathroom is provided by a circulating heating system. Due to the fact that no interior inspection was possible, the street-side appearance is evaluated as average, and signs of neglect are observed. The outside facilities require general maintenance and renovation. The listed price is 188.000 € (Verkehrswert), but with a potential discount of 30%, you could purchase it for 131,600 €. This includes notary fees and broker commission – a great deal for the listed property. This property is advertised in the monthly publication of a cost-effective real estate auction catalog. From an investment perspective, this property shows potential due to its affordable price and rental income. However, due to the need for renovation and possible structural issues not yet spotted, it might be a risk for someone looking for a low-maintenance investment. Also, considering the location and the overall condition, it might be challenging to sell the property in the future without significant improvements. From a lifestyle perspective, the property can offer a spacious living environment with a garage and a water feature, which can be attractive features for a family or someone looking for a larger living space. However, the property's condition and the need for renovations may affect the individual's desire to live in this house. It is recommended to conduct a thorough inspection of the property and hire a qualified professional to assess any potential structural or legal issues before making a decision on this purchase.