House for sale in Solingen, Germany

From a buyer's perspective, this property is located at 42659 Solingen, Germany. It is an individual house with a former gastronomy area, spread over two floors and partially basement. It features a dormer floor with a living area of 250 m², a winter garden (38 m²), an one-story annex (60 m²), and a double garage (36 m²). The house was built in an unknown year, but the annex was constructed in 1904. The heating system is a gas-fired central heating, with hot water supplied by a gas boiler, and electrical appliances are available. However, the property has been discovered to have mold growth requiring extensive renovation. The assumption is that all building equipment and utilities will be removed, and the land cleared without considering the cost of demolition. Please contact us for further information via the telephone number 0221-97459790, which is available from Monday to Friday, 8:00 am to 8:00 pm, and on weekends, 10:00 am to 6:00 pm. The property is being auctioned by the local court, and the estimated market value is 223,000 EUR. You can secure a 30% discount on this value, paying only 156,100 EUR for this property. This price includes notary costs and brokerage fees. The catalog details and application forms can be found in the current, monthly newsletter. As an investment, the property is likely to need significant work, thus increasing the overall cost, making it less attractive for those solely seeking a good investment. However, for those looking for a lifestyle purchase, the potential to create a unique home in a property with character, spacious living areas, and a dormer floor could be appealing. The property is situated in Solingen, which may offer favorable amenities and proximity to green spaces. It is important to thoroughly inspect the property, hire professional surveyors to assess the extent of the mold damage and potential other structural issues. As the property has been empty for some time, pest infestations might also be a concern that needs to be addressed. The local council can provide further information on the area, including any development or improvement plans that might affect the property's future value. Taking these steps will enable the buyer to make an informed decision about the potential benefits of this property as an investment or lifestyle purchase.