There seems to be two ways to go about looking for a new home to buy. The first is you find the perfect place, in the perfect location, with all the amenities you want included in the home already. The second is to buy some kind of a “fixer,” where you go in knowing there are problems with the home, but confident and imaginative enough to see the potential of the place you are buying. And there are deals aplenty out there these days, with folks looking to get rid of their McMansions bought more on faith than economic reality.
Today’s remarkable find is a type of mansion located in Eastern Europe, and it would certainly qualify under the “fixer” variety of home described above. Take a look at this NR Auction Bulgaria Property House Mansion for Bulgarian Hotel SPA Restaurant:
The title is quite a mouthful, with the seller apparently cramming multiple key words in the hopes of being found on eBay search… or is he? As it turns out, if you read the description, the property could be used as a home, a hotel, a spa, or restaurant. In fact, with a little (or maybe a lot?) of imagination, this place could be almost anything. And the price, currently around
$2,500 $5,000 [updated!] makes this house a seeming bargain. The catch, of course, is that the home, or, more accurately, the former school, is in Bulgaria. Does this qualify the house as the “worst house in the best neighborhood” or vice-versa? The seller notes that “eBay bidders no longer want just the lowest priced properties in the middle of nowhere; they want the prices and the best locations.”
No argument there. Our savvy eBay shoppers certainly are discriminating. So where is this place located? In the Elena Mountain Region, 14 miles south of Veliko Tarnovo. In case you don’t know exactly where that is, take a look at the map on the right, taken from the Veliko Tarnovo Wikipedia entry.
Another common real estate adage some people adhere to when deciding to buy a new home is “location, location, location.” We’ll leave it up to you to decide whether this location suits your needs.
The listing explains that this is a former State School that has been abandoned for quite some time, but the seller assures us that the building is solid. As it was a State School during the former communist era, there are bound to be some visual oddities, such as this photo depicting the painting hanging in one of the hallways:
As the listing asks, is it Stalin or Lenin who has the mustache?
This has to be one of the more imaginative listings we have come across in awhile. As such, it is worth a read in its entirety, as there are multiple interesting photos, and the description of possible uses – including hotel, private home, restaurant, and (believe it or not) a spy station — is quite fascinating. Take a look here to read the entire thing.
As always and with any property transactions, get in touch with the seller and get all the details. But once you are set up in your new home, make sure to send us a postcard – after all, the place used to be a former post office too!