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51503 Rösrath
Property Description: This property is a two-story two-family house with a converted attic (75 sqm living space), partially basement. The estimated total area is 230 sqm, including a converted flat roof garage (17 sqm, converted into an apartment). The house was built around 1943 and modernized and expanded in 1990. The heating is provided by a gas hot water central heating system. The ground floor apartment is rented out, but only partial interior inspection was possible in some rooms (hence a security deduction of 10% amounting to 34,000 € was made). The exact living space of the ground floor apartment could not be determined. Significant renovation and maintenance backlog was observed in the inspected rooms. Access is through adjacent properties, but there is no legal assurance for it. Additionally, the garage was converted into an apartment without a building permit. Please contact us for further questions by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 - 18:00 at the telephone number 0221-97459790. This property is being auctioned off at the local court. Market value: 306,000.00 EUR. You may potentially secure a 30% discount on the market value and only pay 214,200.00 EUR for the above-mentioned property. Notary fees and agency commission are also waived. This is one of many interesting properties we publish in our monthly cost-effective PROPERTY AUCTION CATALOG. Get these details now to acquire your desired property at a bargain price. Catalog Information: Telephone number 0221-97459790. Price Thoughts: Given the potential for a discount of 30% off the market value and the waived notary fees and agency commission, the listed price of 306,000.00 EUR seems reasonable. However, the property does appear to have some legal and maintenance issues that may need to be addressed by the buyer. Investing in renovations and additional legal permits could potentially increase the value of the property in the long run.
51503 Rösrath