house for sale in Schieder-Schwalenberg, Germany

From a buyer's perspective, this property description offers several key features and benefits. The property is a stand-alone building with multiple 3-room apartments, spread over two floors and featuring a basement. The attic provides additional living space. With a total living area of 255 m², the property offers ample space for relaxation and entertainment. Balkons, a terrace, and a garden offer outdoor space for enjoyment, while a garage and shed provide practical storage solutions. The property was constructed in 1970 and underwent modernization in 2007/2008, consisting of window glazing and a new central heating system. An oil-fired central heating system is used for heating. The cellar is partly converted into a self-contained apartment with a terrace on the same level. However, no official permission for this use could be found. Located at 32816 Schieder-Schwalenberg, this property offers convenient access to local amenities and transport links. It is being auctioned by the local court, and the suggested reserve price is 240,000€. With potential discounts of up to 30% on the reserve price, 168,000€ could be the final purchase price. This includes savings on notarial fees and brokerage costs. As an investment opportunity, the property offers good potential due to its size, multiple income streams (through rental of individual units), and potential for modernization and value appreciation. On a lifestyle perspective, the property offers ample space for a family, as well as the convenience of having a garden and leisure facilities. The location, while not identified further in the description, may provide stunning views, local amenities, and great access links. Overall, the property presents a good opportunity for both investment and lifestyle purposes. However, potential buyers should consider the ongoing costs, maintenance requirements, and the unauthorized use of the basement as a non-residential space.