House for sale in Gelsenkirchen, Germany

Property Description: A semi-detached house perfect for a family, consisting of a single-family house with one floor and an attic space. 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 fictitiously renovated in 1979. The layout includes: ground floor - entrance area, bathroom, kitchen, living room, and hallway leading to the rear exit; attic - hallway and 2 bedrooms. The house has been rented out 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 found that there are no approval documents for the attic conversion. It is presumed that the conversion was done without permission and obtaining retroactive approval is likely not possible. Building authority procedures are currently underway as a parking space and terrace covering have been illegally constructed. Thoughts on Price: The property is being offered at a market value of €180,000. However, there is a possibility to secure a 30% discount on the market value, making the purchase price just €126,000. Additionally, there are no notary fees or agency commission to be paid. This presents a potential opportunity for buyers looking to acquire a property at a discounted rate.