house for sale in Hiddenhausen, Germany

From a buyer's perspective, this property, located at 32120 Hiddenhausen, appears to have a significant potential for real estate investment as well as a lifestyle purchase due to its unique character, potential for renovation, and the relatively low asking price of 215.000€. However, it is important to note that the property presents several challenges and drawbacks, which should be carefully considered before making an investment decision. The age and condition of the property, which dates back to 1900, with various extensions and additional buildings from the 1960s and 1980s, indicate that it is not in the best condition, with old and outdated building and technical equipment. It also has various damages, such as leaks, and the upper floor is burnt out, which can be quite concerning. Moreover, the property's financial situation is not favorable, and the property appraiser has determined that it is not economically viable and its market value is limited, just enough to cover the costs for liquidation. This means that when purchasing, potential buyers should take into account the significant repair costs and they may need to invest in a complete renovation to make the property habitable or suitable for a specific use. With this in mind, the purchase price of 215.000€ may already include these significant defects, making the price more attractive for an appraised investment. Nevertheless, buyers should consider the potential risks and avoid investing before obtaining a detailed property inspection, to avoid any unpleasant surprises after closing the deal. A previous notice mentioning the auction at the local courthouse also indicates that investors should consider all legal aspects when preparing to purchase and confirming the information with the relevant authorities. Considering these factors, the property appears to have potential for those investors who are well knowledgeable about property renovation or who want to purchase a property in need of extensive work at a lower price, taking advantage of a lifestyle opportunity with a presence in the beautiful Hiddenhausen location.