📍 Terraced house in a prime location, to be auctioned – potential for renovation, attractive starting price.

This house, with 5 rooms and approximately 98 square meters of living space, was built in 1961 and is located in 73760 Ostfildern. The property requires renovation and therefore offers potential for individual design and modernization according to your preferences. The plot size is approximately 275 square meters. The leasehold agreements expire at the end of 2058 and 2060, respectively, and can generally be extended prematurely by approximately 80 years. The annual leasehold payment is €450.00.

The gas heating system needs to be modernized. Arrange a viewing appointment! Buying a property is a significant step – financially and emotionally. Many people think of real estate agents, lengthy negotiations, and high ancillary costs. However, there is often an underestimated alternative: a forced sale (compulsory auction). For determined buyers, it offers clear advantages. The ancillary costs are significantly lower – usually only around 5-6%, instead of 10-12%. In Baden-Württemberg, in particular, the real estate agent's commission and notary fees are waived, which saves a noticeable amount of capital. The process is also transparent: public, clearly regulated, and without hidden negotiations. Every step is understandable. Furthermore, there's the opportunity to acquire properties below market value – provided you are well-prepared and disciplined. Another advantage is that you retain control. There's no sales pressure, and you determine the limit yourself. Foreclosure auctions present challenges. However, those who understand the risks and calculate carefully can seize real opportunities. Ultimately, it's not just about buying a property, but about making a smart decision. The market value of €233,200 specified in the appraisal serves only as a guideline and should not be equated with the actual purchase price. Depending on the bidding process, the final price may also be below this value. Here's a brief overview of the auction process:
The auction takes place publicly at the local court. After the property is announced, the bidding period begins (at least 30 minutes), during which bids can be submitted. The property is awarded, provided there are no legal reasons to prevent the sale. Requirements for participation:
A security deposit of 10% of the market value (e.g., through a confirmed bank check or a prior transfer to the court treasury).
A valid identity card/passport.
If financing is required: ideally, it should be arranged with the bank in advance, as the award is immediately legally binding.
Note on financing:
Financing is generally possible, but should be arranged definitively in advance of the auction, as the award is immediately legally binding.

In a quiet and established residential area of 73760 Ostfildern-Nellingen, Parksiedlung, within easy reach of Stuttgart and Esslingen, a rare opportunity presents itself for families: a terraced house with a garden and garage is available for purchase through a court-ordered auction. There are no estate agent fees. This house is particularly ideal for owner-occupiers and offers a pleasant combination of tranquility, excellent infrastructure, and a high quality of life. The family-friendly, quiet location creates a relaxed environment, while the private, sunny garden offers plenty of space for playing, relaxing, and spending time outdoors. The terraced house has significant potential for customization and therefore offers the opportunity to realize individual living ideas. A garage is also included. The location offers excellent transport links: the U-Bahn (U7 & U8) and bus connections are within a five-minute walk. Public transport connections to the city centers of Stuttgart and Esslingen, as well as to the airport, are also excellent. A variety of shops and all types of schools are located nearby and are easily accessible. The surrounding area, with its meadows and fields, further enhances the recreational value. Viewings are possible by appointment.