house for sale in Aldenhoven, Germany

From a buyer's perspective, this property, located at 52457 Aldenhoven, offers 4 spacious WGs (Wohnungen, or apartments) across one level and a basement. Each apartment has approximately 43-44m² of living space, resulting in a total of 173-125m² of usable living space for the entire property. Built around 1955, it has been unoccupied for an unknown length of time, making the need for significant renovations and repairs a strong possibility. The lack of internal inspection results indicates the current state of the property is far from satisfactory. As a real estate investment, the current asking price of 180,000€ presents a significant value due to the need for extensive renovations. With estimated repairs and improvements, the final selling price would likely rise above the current market value. Likewise, the production of a detailed building inspection report might reveal even greater expenses for repairs. Therefore, a potential investor would need to carefully evaluate the costs of renovation and potential income on rent. For a lifestyle purchase, living at this property could be challenging due to its uninhabited and unrenovated state. Any potential buyer would need to consider not only the initial purchase price but also the potential costs of upgrading and repairs. The increase in living conditions might be well worth the investment, especially for those seeking a challenge and privacy. Those seeking a quick move-in or a ready-to-live-in property, however, would be better served looking else where. With a given 30% discount off the verkehrswert (appraised market value), the purchasing price drops significantly to 126,000€. All other expenses such as notary fees, commission, and VOGE (Verbrauchergemeinschaft real property register) entry fees are left out of this total. It is recommended to consult a professional valuer to assess the full range of expenses and risks that will arise once this property is purchased.