Houses for Sale in Riga

 IMANTA  Jurmalas Gatve  Two Storey Detached Six Room House     734 m2 Land Only 140,000 euros

Ref: HS1/1/21

This amazing property is only 15 minutes by tram to the very centre of Riga and yet is in a 'semi rural' location. It is currently split into two units each with it's own facilities to the first (ground) and second floors. There are a number of outbuildings including a double brick and wood garage with integral workshop and a large wooden shed/storage building.The asking price of 140,000 Euros for the land only is very realistic.

The building itself is of course also for sale but as yet we do not have an accurate structural report. As you can see from the fourth photograph there is a serious structural problem with this end wall and half of the front wall - the other walls appear to be completely stable with no signs of movement. These walls would need to be demolished and rebuilt on deeper more substantial foundations. The price for the property will depend upon the cost involved for this. Alternatively the whole property could be demolished and a number of new properties built on the site.

We estimate 22,000 Euros would need to be spent to refurbish the house plus the cost of remedial work. We believe a realistic price for the property and land 'as is' would be in the region of 240,000 Euros - but please contact us to find out more. Similar properties in good structural order and refurbished sell in the area for above 300,000 Euros.

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