House for sale in Porta Westfalica, Germany

Property Description: The property, located at 32457 Porta Westfalica, is a standalone, two-unit house with a separate apartment in a suite, featuring one-story construction with partial basement, covering a total of 169 square meters of living space. It includes a garage with power connection, a garden, and a dog pen. The house was built in 1922. The layout of the main unit comprises a hallway, a bathroom, a kitchen, three bedrooms, and a terrace (79 square meters). The apartment consists of a hall, a bathroom, a kitchen, two bedrooms, and a terrace (60 square meters). The property features two gas-fired central heating systems installed in 2001, along with PVC windows with insulating glass and plastic roller blinds. There are a few minor issues, including some leakage in maintenance, and general need for renovation. No official permits are available, although there is a possibility of obtaining a retroactive approval. Price: The property is listed for 176,000€ (Verkehrswert), and the reserve price is 123,200€, which includes a 30% discount. Additionally, you can save on notary fees and brokerage costs. Investment Opportunity: For an investment purpose, the property appears to be a moderate to high return on investment opportunity, with potential benefits from the rental income and any additional costs paid by the tenants. However, there are also renovation and maintenance costs to consider. Lifestyle Purchase: For individuals or families who wish to live in a spacious house with separate living quarters, the property offers a significant amount of space and potential for relaxation. It is situated in a residential area, providing plenty of privacy and quiet. However, there may be some downsides, such as the need for renovations, leaks, and missing permissions, which need to be addressed. Please contact the listing agent for additional information, as there may be more details or potential issues that need to be considered before making a final decision.