House for sale in Hagen, Germany

Property Description: A detached multi-family house with three units, one floor, partially finished basement, and a converted attic. The living spaces 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, and hot water is provided by an electric instant water heater. The building is in need of modernization and maintenance work, but has the potential to be used as a two-family home. While the property is registered in the suspected contaminated sites cadastre (former quarry that was filled in after closure), there is no immediate health hazard with unchanged use. However, if there is a request for new construction, environmental agency investigations are required. There are still development contributions of unknown amounts to be paid, and all encumbrances in the land register must be assumed by the new owner. The building is situated on two plots that form an economic unit. There are no indications of mining activities in the area, even though the property is located on two decommissioned mining fields. Price Thoughts: The listed price for this property is 475,180 EUR, but there is an opportunity to secure a 30% discount on the market value, bringing the price down to 332,626 EUR. Additionally, there are no notary fees or agent fees to be paid. This property is one of many interesting real estate opportunities listed in our monthly affordable real estate auction catalog. Contact us for more information about how to acquire this property at a lower price.