House for sale in Overath, Germany

Property Description The property for sale 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 layout of the rooms is as follows: In the basement, there is a hallway, boiler room, 2 storage rooms, and a former coal bunker, which is now likely 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 a pantry, a bedroom, a living room, another hallway, three additional rooms, and a terrace. It is important to note that only the ideal half-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 presumably provided by 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 will need to assume existing rights amounting to over 300,000 €. Price Analysis The listed market value of the property is 76,000.00 EUR. However, there is a possibility to secure a discount of up to 30% on the market value, reducing the price to only 53,200.00 EUR. Additionally, notary fees and agency commission are waived. This could be a great opportunity for potential buyers looking to acquire a property at a lower cost. Overall, while the property may require some renovations and updates, the discounted price offers potential for a good investment. If you are interested in exploring this property further or have any questions, feel free to contact us during business hours at the provided phone number.