House for sale in Gelsenkirchen, Germany

Property Description This single-family semi-detached house comes with its own garden and a double garage, consisting of two floors as well as a converted attic and basement. Built around 1968, the property has a living area of 274 square meters. Some of the features include a balcony and a terrace. The layout includes a playroom in the basement, a hallway, a wardrobe, a storage room, a home office, a kitchen, a dining room, and a living room on the ground floor. Upstairs, you will find a hallway, a toilet, a bathroom, a master bedroom, five children's rooms, and a balcony. The attic includes another bathroom, a room, and a bedroom. The oil central heating system dates back to 1979 and is near the end of its life expectancy. The attic conversion was likely done without proper authorization. There is a backlog of modernization needed, and parts of the building are furnished. Currently, access to the house entrance goes through a neighboring property, but it would be possible to create a different pathway. The garage is also only accessible through a neighboring property, and the current access to the house and garage driveways are not legally secured. There are existing entries in the land register for rights such as easements and a mortgage debt amounting to €20,042.64, which the buyer must assume. Thoughts on Price With a listed price of €369,000, this property offers a significant opportunity for potential buyers. The property is being auctioned at the local court, and the market value is set at the same price. However, buyers have the chance to potentially secure a 30% discount on the market value, bringing the price down to €258,300. This represents a great value for the size and features of the property. Additionally, by purchasing through the auction, buyers can benefit from waived notary fees and agency commissions, making it an even more attractive investment. This property presents a unique opportunity for buyers looking to invest in a spacious home with potential for improvement and customization. Don't miss out on the chance to acquire this property at a discounted rate and unlock its full potential. Contact us for more information and to schedule a viewing.