House for sale in Overath, Germany

Property Description: The property up for auction is a single-family house with one floor and a basement, built in 1956/1957. It has a living space of 160 m² and includes a garage and an outbuilding. The room layout is as follows: In the basement, there is a hallway, a boiler room, 2 storage rooms, and a former coal storage, which is likely now used as an oil tank room. On the ground floor, there is an entrance hall, a hallway, a cloakroom, a bathroom, a toilet, a kitchen with pantry, a bedroom, a living room, a hallway, three additional rooms, and a terrace. It is important to note that only the fractional share of the house is being auctioned. The owner of this share cannot independently decide on the use of the entire property but is dependent on the other co-owners. The heating is likely done through an oil central heating system. It was not possible to inspect the interior, but from the outside, it was evident that the condition is rather neglected or run-down, with few or no modernizations. According to information from July 2024, you must take over existing rights amounting to over 300,000€. Please contact us for further questions by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 - 18:00 at 0221-97459790. This property is being auctioned at the local district court. Market value: €76,000. Secure a potential 30% discount on the market value and pay only €53,200 for the above-mentioned property. Notary fees and broker commission are also waived. This is one of many interesting properties that we publish in the current monthly edition of our affordable REAL ESTATE AUCTION CATALOG. Secure this information now to acquire your desired property inexpensively. Catalog information: Phone number 0221-97459790. Price thoughts: The property has great potential due to its spacious living area and additional garage and outbuilding. However, the neglected condition and the need to take over existing rights amounting to over €300,000 could be a major drawback for potential buyers. The discounted price of €53,200 may attract investors looking to renovate and modernize the property to increase its value. Overall, this property could be a good investment opportunity for buyers willing to put in the effort to restore it to its full potential.