House for sale in Olbronn-Durrn, Germany

Property Description This narrow single-family house, presented in the form of a semi-detached house, extends over one floor and has a partially basement area as well as a converted attic. The exact year of construction is unknown. The layout includes a hallway, a guest toilet, a kitchen-living area, a bathroom with toilet, and a living room on the ground floor. Upstairs, there is a hallway, a bedroom, a storage room, a children's room, and a terrace. The floor plans, as shown in the building permit plans dated 17.09.1967, do not correspond to the actual condition of the house. The residential building is in a highly dilapidated state. The southern part of the property (approx. 750 m²) is completely overgrown with bushes and shrubs. According to the land use plan, this southern plot area serves as an allotment garden and protected greenery. Thoughts on Pricing The property is currently being auctioned by the competent district court at a market value of 94,000.00 EUR. Potential buyers have the opportunity to secure a 30% discount on the market value, effectively reducing the purchase price to 65,800.00 EUR. Additionally, notary costs and agency fees are waived, making this a potentially attractive investment opportunity for those willing to undertake renovation and landscaping efforts. Overall, while the property may require significant renovations and landscaping work, the discounted price offers potential for a bargain investment. Interested buyers are encouraged to explore further details in the monthly real estate auction catalog for more cost-effective property acquisition opportunities.