House for sale in Essen, Germany

Property description Leasehold for a 2-family terraced house in a hillside location. The house is two-story, basement, has a flat roof, and a living space of 168.09 m², as well as a garage. It was built in 1970, followed by the garage in 1973, and the roof was re-covered around 1990. Additionally, there is a 1/5 share in a garage courtyard (376 m²). The layout is as follows: In the basement, there is a basement hallway, 2 basement rooms, and a laundry room. The first apartment consists of a hallway, 2 rooms, a terrace in the basement, totaling 45.09 m²; on the ground floor, there is a hallway, a guest toilet, a kitchen, a living/dining room, and a balcony with 58.76 m². On 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. A room in the basement serves as a connecting room; it is heated by night storage heaters. Hot water is provided by a instantaneous water heater and an under-counter unit. The residential building is in average condition with mainly equipment from the construction year and in need of refurbishment in certain areas. The leasehold is valid until July 2068. Thoughts on price The listed price for this property is 279,000 EUR, and it is being auctioned at the competent district court. However, there is a possibility to secure a 30% discount on the market value and pay only 195,300 EUR for the property. Additionally, notary costs and agency fees are waived. Considering the location, size, and potential of the property, this discounted price presents a good opportunity for an investment or residential purchase. Contact us for further information or to discuss potential buying opportunities.