House for sale in Overath, Germany

Property Description The property for auction is a single-family house with one floor and a basement, built in 1956/1957. It has a living space of 160 square meters and includes a garage and an outbuilding. The layout of the rooms is as follows: In the basement, there is a hallway, heating room, 2 storage rooms, and a former coal storage, which is now likely used as an oil tank room. On the ground floor, there is an entrance hall, a corridor, a cloakroom, a bathroom, a toilet, a kitchen with pantry, a bedroom, a living room, a hallway, three more rooms, and a terrace. It is important to note that only the share of the house's equity 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 property is likely heated by an oil central heating system. It was not possible to view the interior, but from the outside, it was evident that the condition is rather neglected and run-down, with few or no modernizations. According to information from July 2024, you will need to take over existing rights amounting to over €300,000. Please contact us with any further questions by phone, Monday - Friday from 8:00 - 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 agency commission are also waived. This is one of many interesting properties that we publish in our affordable monthly REAL ESTATE AUCTION CATALOG. Get this information now to acquire your desired property at a great price. Catalog information: phone number 0221-97459790. Thoughts on Price: The listed price for this property is below the market value, making it a potentially great deal for buyers interested in a renovation project. However, it is important to consider the additional costs associated with taking over existing rights and potentially renovating the property. Buyers should carefully assess the condition of the property and factor in these costs before making a decision.