House for sale in Solingen, Germany

From a buyer's perspective, this property in Solingen, Germany, offers a unique opportunity for real estate investment and lifestyle purchase. The property, priced at 212,000 EUR, has a storied past, having been built in 1904 and undergoing renovations in 1952, 1980-1985, and since standing empty. The two-story, free-standing house features 272 m² of living space, with two garage bays and two parking spots, and an auxiliary structure. The home has a gas heating system, plus an additional wood-burning stove in the basement, providing ample options for topping up the warmth. The property appears to require considerable renovation, having fallen into disrepair. The lot size is substantial, and the fact that it borders the Itter river provides a scenic aspect and potentially attractive views. As an investment, this house appears to present significant risks. The extent of repairs needed is substantial, and without a thorough inspection, buyers may underestimate the total cost of renovation. Moreover, the property's condition may deter potential buyers, making it harder to sell in the future. As a lifestyle purchase, the property offers comfort and space, with potential for further development and personalization. The riverfront location and the size of the lot present opportunities for leisure and relaxation. However, the condition of the property needs to be seriously considered, as it may require a substantial investment in time, effort, and money to make it an enjoyable living space.