House for sale in Gelsenkirchen, Germany

Property Description A semi-detached house ideal for a family, consisting of a single-family home with one floor and a converted attic. The living area is 75 m², with an additional 10 m² of usable living space in the attic. The house features a covered terrace and was originally built in 1920, but has been renovated in a fictional representation in 1979. The layout includes: ground floor - entrance area, bathroom, kitchen, living room, and hallway to the rear exit; attic - hallway and 2 bedrooms. The house has been rented out since February 2021, with a monthly gross cold rent of 850.00 €. Heating is provided by an electronically controlled central heating system. The condition of the house is mostly contemporary, but there is a need for some investment. It has been found that there are no approval documents for the conversion of the attic. It is suspected that the conversion was done without permission and obtaining retroactive approval is likely not possible. Building authority proceedings are currently underway as a parking space and a terrace cover were illegally constructed. Price Thoughts The listed price for this property is 180,000.00 EUR, however, there is an opportunity to potentially secure a 30% discount on the market value, reducing the cost to 126,000.00 EUR. Additionally, notary fees and agency commission are waived. This property is being auctioned at the local district court, offering a chance to acquire it at a discounted rate. This property presents an interesting opportunity for buyers looking to invest in a property with potential for improvements.