House for sale in Wuppertal, Germany

Property Description: This half-timbered style semi-detached house is designed for multiple families, featuring 3 apartments spread over 2 floors with a basement and converted attic. The living areas range from 40 to 80 square meters, totaling 200 square meters of living space. The house includes an extension to the garden and a garage with a covered driveway, totaling 63 square meters of usable space. The main building is believed to have been built around 1900, with the extension dating back to 1960 and the garage to 1974. Two of the apartments are currently vacant. The house is heated by an old oil heating system, which is housed in plastic tanks in the basement. The lifespan of the heating system is limited due to legal requirements. Price Thoughts: The property is being auctioned by the local district court with a valuation of €315,000. However, there is a potential opportunity to secure a 30% discount on the valuation price, bringing the cost down to €220,500. Additionally, there are no notary fees or agency commissions to consider. This property offers potential buyers the chance to acquire a unique investment at a reduced price, making it a compelling opportunity in the current real estate market.