House for sale in Essen, Germany

Property Description Leasehold for a 2-family terraced house on a slope. The house is two stories, has a basement, a flat roof, and a living space of 168.09 m², as well as a garage. It was built in 1970, the garage followed in 1973, and the roof was re-covered around 1990. Additionally, there is a share of 1/5 in a garage courtyard (376 m²). The layout is as follows: In the basement, there is a cellar hallway, 2 cellar rooms, and a laundry room. The first apartment on the lower ground floor consists of a hallway, 2 rooms, a terrace, totaling 45.09 m²; on the ground floor, there is a hallway, a guest toilet, a kitchen, a living/dining room, as well as a balcony with 58.76 m². In the upper floor of the second apartment, there is a hallway, a wardrobe, a guest toilet, a bedroom, a bathroom/toilet, a kitchen, a living room, and a balcony, totaling 64.24 m². One room on the lower ground floor serves as a thoroughfare; it is heated by night storage heaters. The hot water is provided by a flow heater and an under-counter unit. The residential building is in average condition with mainly equipment from the construction year and the need for refurbishment in certain areas. The leasehold is valid until July 2068. Thoughts on Price: The property is valued at 279,000.00 EUR, but there is an opportunity to secure a 30% discount on the market value, bringing the price down to 195,300.00 EUR. This discount, along with the waiver of notary fees and brokerage commission, makes the property an attractive investment opportunity. Additionally, the property is being auctioned by the competent local court, presenting a unique chance for potential buyers to acquire the property at a reduced price. It is important to act quickly to take advantage of this offer and potentially secure a desirable property at a lower cost.