House for sale in Monchengladbach, Germany

Property description: Two-story single-family end-of-terrace house from 1925 with significant fire damage. The house has a basement and the following room layout: In the basement there are three cellar rooms, on the ground floor a hallway, a toilet, a kitchen, a room, and a laundry room (annex). Upstairs there is a toilet, a kitchen, and two rooms. The attic has two chambers and a storage room. Currently, the ground floor, the first floor, and the basement are available. The property was only partially accessible, and large amounts of trash and debris were found on the backside. Thoughts on price: The property is being auctioned by the competent local court with a traffic value of 115,000.00 EUR. Buyers have the opportunity to potentially secure a 30% discount on the traffic value, resulting in a purchase price of only 80,500.00 EUR. Additionally, notary fees and brokerage commission are waived. This property may require significant investment for repairs and renovations due to the fire damage and debris on the premises. Buyers should consider the potential costs of restoring the property in addition to the purchase price.