House for sale in Solingen, Germany

From a buyer's perspective, this property is located in Solingen, Germany. It is a two-story, detached house with a total floor area of 272m², including two garages and two parking spaces, as well as a shed. The house was built in 1904 and renovated in 1952 to convert a stable into living space. A full renovation took place from 1980 to 1985, which included renovating the roof, facade, and windows. The house has been vacant for several years and is heated by a gas boiler and an open fireplace in the living room. The hot water is supplied by the boiler in the basement and the attic is partially converted, but does not provide suitable living space. The property requires significant renovation work. The land, which borders the Itter River to the north, is overgrown and needs to be cleared. The property is valued at 212,000€, but as a buyer, you could potentially secure a 30% discount on the listed price, bringing the final purchase price to 148,400€. This includes savings on notary fees and real estate agent commission. As an investment, the property offers potential due to its location in Solingen and the fact that it is priced lower than comparable properties in the area. However, due to its current state of disrepair and required renovations, it may be challenging to realize a return on investment in the short term. As a lifestyle purchase, the property offers the potential for a unique renovation project that could be tailored to your personal preferences. However, the property's current condition and the work required may limit its appeal to buyers looking for a move-in-ready home.