House for sale in Odenthal, Germany

Property Description Detached single-family house with one floor, a basement, and an attic. The living area is 158.77 m², in addition to a commercial area (office) with 45.23 m² of usable space. The house also features a roof terrace located on top of the garage. Built in 2005/06, the house has the following room layout: Basement: hallway, office with workspace, foyer, WC, utility room, cellar, laundry room; Ground floor: hallway, changing room, bathroom, bedroom, kitchen/dining area, living room, terrace; Attic: hallway, bathroom, hobby room, boiler room, children's room, storage room. The house is heated by a gas central heating system; according to the current auction conditions (as of June 2024), a mortgage of €292,000 plus interest must be assumed after the auction. Price Thoughts The listed price of €590,000 seems fair considering the features and size of the property. With the potential to secure a 30% discount on the market value through the auction process, the final price of €413,000 makes this property a potentially great investment opportunity. Additionally, the waiver of notary fees and agency commission adds extra value to the purchase. It is worth exploring further to potentially acquire this property at a discounted rate.