House for sale in Wuppertal, Germany

Property Description A detached multi-family house in half-timbered construction with an extension consisting of a total of 6 apartments. The building is two stories tall, with a basement and a converted attic. The living spaces range from 43 to 104 square meters, totaling 448 square meters of living space in the building. There are also terraces and 4 garages. The main building was built in 1900, while the garages were built in 1950 and 1985. Heating and hot water are provided by a wood pellet heating system installed in 2011. A radiant floor heating system was installed in the right wing of the extension. Four out of the six apartments have been visited, with satisfactory sunlight and lighting in each. However, there are some structural issues and building damages present, including moisture problems in the cellar area on the exterior walls, outdated electrical systems, renovation needed in the attic apartment, damaged roof windows, lack of insulation in the top floor ceiling, and partially low railing heights at the windows. Thoughts on Price The property is currently being auctioned by the local district court with a market value of 435,000.00 EUR. Due to the auction, there is a possibility of securing a 30% discount on the market value, making the final price for the property only 304,500.00 EUR. Additionally, there are no notary fees or agency commissions to be paid. This property presents an opportunity for potential buyers to acquire a unique investment at a potentially discounted rate.