Buy a terraced house from 1987 for 385,000 EUR?

Hello everyone,

Currently, my wife and I are very interested in an end-terrace house near Dortmund.

Here are a few key details:

256 sqm living space, divided into a main apartment with 150 sqm, an attic apartment with loggia 56 sqm, and a fully developed basement with bathroom and sauna 50 sqm.

The first floor is surrounded by an outside balcony all around.

Viessmann heating 35kW

The entire plot is 380 sqm and located on a hill – residential area 1b. Academics, entrepreneurs, and similar live in the neighborhood.

Estimated purchase price: 385,000 EUR

Currently, we live in a newly built end-terrace house with 120 sqm and I have to say that the 30-year-old house makes a much, much more massive and solid impression than this end terrace here.

There is no appraisal report for this house (but I could commission an expert).

What do you roughly think of the price? As I said, the location is really TOP, and the condition is also evaluated by a layman.

By comparison, the house seems like it would still stand for another 100 years, whereas the new building here probably has the first cracks in the plaster after 10 years (exaggerated depiction).

I would be very, very grateful for help with the decision and any tips.

Best regards

Additional costs known? A 35kw gas burner is seriously intense, it can heat a medium-sized multi-family house. Either extremely mis-sized or intentional - check additional costs. What does the energy performance certificate say?

The energy certificate states:

Final energy consumption 121.6 kW/h
Primary energy consumption 133.8 kW/h

2014-2015 energy consumption 38987 kWh hot water 7017.1 heating 31969.3
2013-2014 energy consumption 28692 kWh hot water 6298.4 heating 28692
2012-2013 energy consumption 41796 kWh hot water 7523.3 heating 34272

I do not understand now in what way the house is supposed to be better than your current one? Space, layout, surroundings? It cannot be the building structure and the home technology.

I don't understand how the house is supposed to be better than your current one?

Space, layout, surroundings? It can't be the building fabric and the building services.

Even the walls alone give a much more solid impression...

256sqm living space, which is divided into a main apartment with 150sqm, an attic apartment with loggia 56sqm, and a fully finished basement with bathroom and sauna 50sqm.

is already something else than

Newly built end-terrace house with 120sqm

Even the walls give a much more solid impression...

The interior or exterior walls?

What do you roughly think about the price? As said, the location is really TOP, the condition also assessed amateurishly.

And there I would involve an expert. 30 years can also mean a lot of renovation backlog. Heating, sewage pipes, water pipes, insulation, windows, etc...

In other words, nice stable walls, but the rest due now or in the near future