House for sale in Altenburg, Germany

Property Description: A single-family house, which was previously used as an administrative and residential building, consists of one floor with a converted attic and a garage. It was built around the year 1900. The building technology of the masonry waterproofing system is outdated and has led to a considerable need for repairs and renovations. Due to its current condition, the property is currently not usable. Price Thoughts: The property is being auctioned at the local district court with a market value of 18,000.00 EUR. It is possible to secure a 30% discount on the market value, making the price for this property only 12,600.00 EUR. Additionally, notary fees and agency commission are waived. This property offers a great opportunity for those looking to purchase a fixer-upper at a discounted price and bring it back to its former glory.