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85435 Erding-Altenerding
Gross Yield:
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Time to pay off with rent:
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Price Difference:
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Property Description This property is a house with a ground floor and an expanded attic on a living space of 138 square meters. It also has an integrated garage and was built in 1957, with the attic conversion taking place in 1970. The layout is as follows: on the ground floor, there is an entrance hall, a hallway, a bedroom, a bathroom with toilet, a pantry, a kitchen with dining area, and the living room covering an area of 82.40 square meters. In the attic, there is a hallway and three additional rooms on an area of 55.90 square meters. The heating is done by two oil stoves. There are various structural defects, including a leaky roof at the chimney with water penetration, a broken heating system, heavily weathered wooden windows, cracks in the exterior walls with flaking plaster, and a dirty tiled roof with porous spots. Due to the condition and age, demolition is necessary. Price Thoughts The listed price for this property is 1.600.000,00 EUR. However, there is a possibility to secure a 30% discount on the appraised value, making the final price only 1.120.000,00 EUR. This property is being auctioned at the local district court. Additionally, there are no notary fees or agency commissions to be paid. This property presents a unique opportunity for those willing to invest in renovations and repairs. This could be a great project for someone looking to create their dream home in a desirable location like Erding-Altenerding.
85435 Erding-Altenerding