Residence for sale, Schifflange RBX12424

Rare opportunity in Schifflange: house to renovate offering strong potential for transformation and enhancement

REMAX Luxembourg, specialist in real estate in Schifflange, exclusively offers this house of approximately 140 m² of living space, situated on a plot of 2 ares, offering strong renovation and reconfiguration potential.

Are you looking for an ambitious project, whether for family use, investment, or subdivision? This property represents a rare opportunity in Schifflange.

Property highlights:
- Approximately 240 m² of usable space, to be completely redesigned according to your desires and your project.
- Current configuration with 4 large bedrooms, offering numerous layout possibilities:
+ creation of a master suite with bathroom and dressing room;
+ possibility to create a 5th bedroom.
- Possibility to divide the property into two houses / two distinct living units, subject to technical feasibility and necessary municipal permits.
- 2 bathrooms and 1 separate toilet.
- Entrance doors and windows replaced in 2018, equipped with electric shutters.

Exceptional potential
This house is perfectly suited for various projects:
- custom family project;
- multi-generational project;
- rental investment;
- creation of two independent housing units, subject to feasibility and necessary permits.

Let your imagination run free and revitalize this property by creating an interior fully adapted to your needs.

Estimated renovation budget:
To help potential buyers better understand the scope of the project, an estimated renovation budget of €200,000 to €250,000 excluding VAT is to be planned, depending on the services, materials chosen, layout options, and any additional work required.

This estimate is indicative and non-contractual. It may evolve based on the final quotes from various trades, technical choices, and any necessary permits.

Key identified items ? estimate excluding VAT

- Electricity: €36,000
- Heating system (gas): €20,000
- Exterior insulation + plastering: €25,000
- Creation of a parking space: €8,000
- Bathroom: €20,000
- Floors / painting: €75,000

This list is not exhaustive. The overall budget of €200,000 to €250,000 excluding VAT takes into account other interventions that may be necessary as well as adaptations related to the renovation project.

Overall project budget
Based on the current selling price and estimated renovation costs:
Selling price: €525,000
Estimated renovations: €200,000 to €250,000 excluding VAT
Indicative total project budget: €725,000 to €775,000, excluding additional costs and acquisition fees.

This overall budget is provided for indicative purposes only and does not constitute a quote for renovations. The final cost will depend in particular on the chosen project, the materials and equipment selected, quotes from contractors, and any necessary administrative permits.

Strategic location
Located in a sought-after residential area of Schifflange, in immediate proximity to shops, schools, and transportation, the house benefits from a practical and pleasant location.

A property with high potential, intended for visionary buyers looking to enhance a unique project.

Important information
In view of the significant renovations to be planned, bank financing requires a minimum contribution of €80,000.

To ensure a serious and efficient process, visits will be scheduled after discussion and validation of financial elements.

Any visuals presenting a renovated house or proposals for layouts are illustrative projections of the property's potential. They do not represent the current state of the house and do not constitute any commitment to the final result or a contractual representation of the work to be done.

RE/MAX agency fees: 3% of the selling price + VAT borne by the seller. No commission for future buyers.

All offers submitted are subject to the express approval of the owners.

Interested? Contact me for a visit and let's explore together the possibilities offered by this property.

Your contact: Karine Marilleau