House for sale in Hagen, Germany

Property Description: A detached multi-family house with three residential units, one floor, partially finished basement, and finished attic. The living areas range from 36 to 116 square meters, totaling 292 square meters of living and usable space. The house features a terrace, a garden, a basement double garage, and a paved parking area. Built in 1981, the property is heated by an oil central heating system from 2006, with hot water provided by an electric instantaneous water heater. While the building is in need of modernization and maintenance work, it could potentially be used as a two-family house. Although the property is registered in the suspected contamination area register (former quarry that was filled in after closure), there is no immediate health risk with current use. However, if there were plans for redevelopment, environmental authority inspections would be necessary. There are still undisclosed development contributions to be paid, and all encumbrances listed in the land register must be assumed by the new owner. The building is situated on two parcels that form an economic unit. There is no evidence of mining activities in the vicinity, despite the property being located above two decommissioned mining fields. Price Analysis: The property is being auctioned by the local court with a market value of €475,180. However, there is a potential opportunity to secure a 30% discount on the market value, bringing the price down to €332,626. Additionally, notary fees and agent commissions are waived. This property presents a unique investment opportunity for buyers looking to acquire a spacious multi-family house at a discounted price.