House for sale in Rheinbach, Germany

Property Description Semi-detached single-family house, divided into two apartments. The front building is an old building with one floor, basement, 98 sqm living space, and a terrace. Additionally, there is a one-story extension with 62 sqm living space, built around 1953, and the extension was added in 1997. The layout is as follows: The basement includes common areas and two cellar rooms. On the ground floor, there is a hallway, a bathroom/ WC, and a hallway. On the top floor, there is a hallway, a WC, a kitchen, and three rooms. The other apartment on the ground floor has a shower room/ WC, a kitchen, and two rooms. The kitchen in the extension has not been installed yet. The living room of the apartment in the extension is located on the ground floor of the main building. In the basement of the main building, there are common areas and two cellar rooms that can only be used by apartment No. 1. No structural separation has been made between the apartments. The building was affected by flooding, and the heating system has been out of operation since a heavy rain in 2022. Thoughts on Price The property is priced at 548,000 EUR, with the possibility of securing a 30% discount on the market value, bringing the price down to 383,600 EUR. This property is being auctioned at the local district court. With the potential for significant savings and the opportunity to acquire the property below market value, this could be a great investment opportunity for the right buyer. Please contact us for further details and to schedule a viewing.