House for sale in Velbert, Germany

Property Description: A two-story single-family house with a flat roof and a living space of 118 square meters, including a garage. Built in 1963/64, later renovated and structurally improved. The heating of the building is done through a gas condensing boiler, which was renewed in 2018. Although the building is classified as partially modernized, renovation work is required. The property is located on a slope. Price Thoughts: The property is being auctioned off at the local court for a market value of 264,000.00 EUR. However, there is a chance to secure a 30% discount on the market value and only pay 184,800.00 EUR for this property. In addition, notary fees and agency commission are waived. This could be a great opportunity for buyers looking to acquire a property at a discounted price with potential for renovation and improvement.