house for sale in Kamenz, Germany

From a buyer's perspective, this property, located at 01917 Kamenz, is described as a two-story, 78m² house built in 1860. It has a shed that is used as a bike and tool storage, and the property also includes outdoor areas. The property requires further refurbishment and is currently in a poor condition. The interior amenities and fittings are of a basic standard. As a real estate investment, the property seems to have a low market value, with an estimated value of 20,500€. However, considering the poor condition of the property and the need for significant renovation, this price may already reflect the property's potential investment return. You could potentially secure a discount of up to 30% on the estimated value, making the final purchase price 14,350€. This could be a good investment opportunity for those with experience in renovating properties and flipping houses. However, this is a risky investment as the final renovation costs and the value of the property after renovation are unknown. As a lifestyle purchase, this property might not be the best choice. The property is in poor condition, and investing in renovating the property might be a significant commitment both financially and in terms of time and effort. Moreover, the property will have to be let out as it's already tenanted, and the current condition of the property could affect the rental value and occupancy.