House for sale in Cadolzburg, Germany

Property Description: Two-story half-timbered house with crawl space, outbuilding, and garage with space for three cars (former workshop). The main house was built over 100 years ago, and in 2018, the garage was renovated. Apart from the garage, the overall condition is poor; the main house has significant damage and requires extensive renovation work. A economically viable option would be demolition, but rebuilding in the same size would not be possible due to required setback areas. Price Thoughts: The property is being auctioned by the local district court with a market value of 220,000.00 EUR. There is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 154,000.00 EUR. Additionally, notary fees and agency commissions are waived. This property presents a unique opportunity for the right buyer to potentially renovate or rebuild and create a valuable investment.