House for sale in Heidelberg, Germany

Property Description Leasehold - Semi-detached multi-family house with 3 apartments, 2 floors plus converted attic, 128.5 m² living space, including garage and tool shed, built around 1952. Room layout: ground floor: hallway, 2 rooms, kitchen, WC, 45.6 m²; upper floor: hallway, 2 rooms, kitchen, bathroom/WC, balcony, 47.7 m²; attic: hallway, 2 rooms, kitchen, bathroom/WC, 35.2 m². Heating and hot water supply are provided by a gas central heating system from 1992. There is a high need for maintenance, modernization, and general renovation. The leasehold was established for a period of 100 years starting from 11.11.1949. The approval of the landowner, the Schönau Foundation from Heidelberg, is required for the award of the contract. This property is being auctioned by the local district court. Market value: 390,000.00 EUR. Secure a potential 30% discount on the market value and pay only 273,000.00 EUR for the above-mentioned property. Notary fees and real estate agent commission are also waived. This is one of the many interesting properties that we publish in the current monthly edition of our affordable real estate auction catalog. Contact us now to obtain this information and acquire your desired property at a reasonable price. Catalog information: Phone number 0221-97459790. As an experienced real estate agent, I would say that the property has a lot of potential due to its size and location in Heidelberg. However, the high need for maintenance, modernization, and renovation should be taken into consideration when evaluating the price. The fact that the property is being auctioned and offers a potential discount of 30% on the market value is a great opportunity for buyers looking for a project to invest in. It's important to weigh the cost of renovation against the potential value increase after renovation before making a decision to purchase.