house for sale in Remscheid, Germany

Description of the property: This property consists of a two-story building with a total living and functional area of ​​598 m², including a two-story workshop building with 256 m², a two-story shed in the intermediate building with 62 m², and a garage. The building was built in the first half of the 19th century and is protected as a monument. The property appears to be in need of renovation. The listed price is €115,500 and includes a preliminary estimate of 30% discount on the market value. From a real estate investor's perspective, this property might have potential, but it would require careful consideration, as the buildings seem to be in need of renovation. The size of the property is quite large, with a total area of ​​about 600 m². The location in Remscheid is a plus, as it could attract potential buyers or tenants. We recommend researching the local Real Estate Market, conducting thorough inspections, and considering the costs of renovation before making a decision. As for the lifestyle purchase, it can be a good opportunity for someone who is looking for a large property with multiple structures at an attractive price. However, due to the anticipated renovation costs, buying this property solely as a lifestyle purchase might be challenging. Please contact the listed phone number for more information, available from Monday to Friday 8:00 - 20:00 or Saturday/Sunday 10:00 - 18:00. February 1st Court Auction Contact Details.