House for sale in Stemwede, Germany

From a buyer's perspective, this property located in Stemwede, Germany, is listed at a price of 254,000€. The 130m² dwelling sits on a plot with additional buildings such as a stall (223 m²), a scheme (134 m²), and a remise (184 m²). This bauerhofanwesen was constructed in 1927/28 and includes an acre and green land. The description mentions several rooms in the ground floor: windfang, diele, anstellraum, bad, küche, and four zimmer. The upper floor has been modified for living quarters. The property's current condition is described as poor with noticeable defects and repairs required. The occupants utilize the land for hobby animal breeding and a business-oriented dog breeding operation. The leases for the land are locked in until 2031. The real estate is being auctioned by the Amtsgericht, and the qualified buyer will secure a 30% discount on the market value, reducing the final purchase price to 177,800€. This price includes notary fees and estate agent commission. From an investment perspective, the property appears to have potential due to its acreage and the possibility of developing or modernizing the buildings. However, the current state of disrepair and the pending leases on the land might mean extra costs and time to bring the property back to a stable condition for a rental income or resale. From a lifestyle perspective, owning this property offers an opportunity to live in the French country-style property, with space for both residential and agricultural pursuits. You can enjoy the countryside lifestyle alongside a potential income stream from hobby or professional animal breeding. However, it's essential to thoroughly assess the property's condition, accounting for potential repairs and maintenance costs before making a final decision.