House for sale in Mettmann, Germany

Property Description This property is a Erbbauanteil - half of a single-family semi-detached house, two stories high, with a living area of 113.53 m², terrace, and 3 garages. Built in 1968, the layout of the rooms includes a basement with an entrance hall, laundry room, boiler room, and cellar; ground floor with entrance area/hallway with storage room, WC, kitchen, dining room, living room (56.43 m²); and upper floor with hallway, bathroom, master bedroom, and 2 children's rooms (57.09 m²). It is important to note that only the share in the building lease is up for auction, and the corresponding co-owner cannot make decisions about the use of the entire property alone, but is dependent on the other co-owners. Due to the circumstances, an interior inspection was not possible; the building lease is valid until December 31, 2064. The property is being auctioned at the local district court with a market value of 266,400.00 EUR. It is possible to secure a 30% discount on the market value, bringing the price down to 186,480.00 EUR. Additionally, notary fees and agent commission are waived. This property is featured in our monthly cost-effective REAL ESTATE AUCTION CATALOG. Contact us for more information and to potentially acquire your dream property at a discounted price. Thoughts on Price The property's market value of 266,400.00 EUR seems reasonable considering its size, layout, and amenities such as the terrace and 3 garages. With the potential to secure a 30% discount, the final price of 186,480.00 EUR presents a great opportunity for buyers looking to invest in a property with potential for future value appreciation. It is important to consider the unique nature of the auction process and the implications of the building lease when evaluating the overall value of this property.