House for sale in Gelsenkirchen, Germany

Property Description A semi-detached house for a family, consisting of a single-family house with one floor and a converted attic. The living area is 75 sqm, with an additional 10 sqm of usable living space in the attic. The house features a covered terrace and was originally built in 1920 but renovated in the fictional representation of 1979. The layout includes: ground floor - entrance area, bathroom, kitchen, living room, and hallway to the back exit; attic - hallway and 2 bedrooms. The house has been rented since February 2021. The monthly gross cold rent is €850. Heating is provided by an electronically controlled central heating system. The condition of the house is mostly contemporary, but there is a certain need for investment. It has been determined that there are no approval documents for the conversion of the attic. It is suspected that the conversion was done without permission and retroactive approval is likely not possible. Building regulatory procedures are currently underway as a parking space and terrace covering were illegally erected. Thoughts on Price The asking price for this property is €180,000, but there is a possibility of a 30% discount on the market value, making the final price €126,000. It is important to consider the potential legal issues surrounding the illegal constructions on the property, as they could impact the overall value and future use of the house. We recommend further investigation and due diligence before making a decision on this property.