House for sale in Bad Honnef, Germany

Description: This two-story duplex with a basement and converted attic, along with a gable and a garage, was built around 1870. The house has been modernized, including updated electrical wiring and facade renewal, with the attic bathroom being renovated in 2023. The layout includes a hallway, cellar rooms, heating, and a laundry room in the basement covering 136 m². On the ground floor (raised ground floor), there is a hallway, a bathroom, a kitchen, 5 rooms, and 2 terraces spanning 152 m². The attic consists of a hallway, a storage room, a bathroom, a kitchen, and 4 rooms over 107 m². There is also a separate room with a shower and kitchen measuring 27 m². The ceiling heights are 3.73 m on the ground floor and 2.75 m in the attic. The attic could not be accessed for viewing. Each apartment is heated by a gas heater, with hot water provided by a gas water heater. The structural condition is inadequate, with the equipment mostly being of a basic to medium standard, and the rooms are generally well-maintained. Only necessary modernizations have been carried out, mostly some time ago. There are building defects and damages, including several wall openings due to water pipe breaks, minor facade damages, typical dampness in the basement, numerous cracks in the ceiling plaster and stucco, partially dismantled radiators on the ground floor, and mold formation in the ground floor shower room. Price Thoughts: The property is being auctioned at the local district court for a market value of 722,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 505,400.00 EUR. Additionally, there are no notary fees or agent commissions involved. This property presents a unique opportunity for potential buyers to acquire a property at a reduced price and address any necessary renovations to bring it up to desired standards. Contact us for further inquiries and to explore this and other attractive properties featured in our monthly real estate auction catalog.