other for sale in Weilerswist, Germany

As a buyer, this property located at 53919 Weilerswist offers a 1-story house with a total living area of 151 m^2 and an additional outbuilding with a total area of 831 m^2. The house was built in 1951 and features a dining room, hallway, kitchen, bathroom, WC, lounge, and 4 bedrooms. The property also includes multiple outbuildings such as workshops, garages, and stables. The former central oil heating system is no longer functioning due to the 2021 flood, but the warm water is supplied by an electric boiler. The property is being auctioned by the court due to the debt of the previous owner, and it is available to buyers at a starting price of 432,000 EUR. At first glance, this property seems like a cost-effective investment opportunity, as the buyer will only need to pay the discounted price of 302,400 EUR after deducting the 30% discount and avoiding notary fees and real estate agent fees. The property offers a total living space of 983 m^2, making it suitable for various purposes such as residential, commercial or rental usage. However, upon closer inspection, the property needs some renovation and modernization. The heating system requires an upgrade, and the overall condition of the property might need to be assessed by a specialist to estimate the cost of repairs and maintenance. Nevertheless, with the right amount of investment and planning, this property can be a promising real estate purchase for the right buyer seeking to maximize their investment potential while living in a spacious and versatile property. As a lifestyle purchase, you'll have access to a private property with a good amount of living space, and the potential to transform the outbuildings to fit your needs, such as converting them into workshops, storage units or even additional living spaces. The outbuildings also provide plenty of space for hobbies, parking or storage. The location offers the benefits of being near natural scenery while still being close to amenities, making it a great choice for buyers seeking a rural lifestyle with urban conveniences. Overall, the property offers great potential as a lifestyle purchase in addition to its investment value.