Condominium on the 1st upper floor

Hindenburgstr. 20, 58095 Hagen, Nordrhein-Westfalen

Up for auction: a single apartment inside the building

Auction in 6 days

Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.

Appraised value

€45,500

Auction date

30 September 2026

11:00

Enforcement by a creditor

Appraised value

€45,500

Bidding thresholds

50%70%

22,75031,850

Minimum bid: below €22,750 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €31,850 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.

Auction date

30 September 2026 · 11:00

Local court

Hagen in Nordrhein-Westfalen

Auction venue

Amtsgericht Hagen, Hauptgebäude, Heinitzstr. 42/44, 58097 Hagen, Etage 3., Sitzungssaal 363

Case number

0031 K 0092/2024

Next steps

Bid deposit

Wednesday, 23 September 2026

€4,550 (10% of the appraised market value)

Transfer deadline has passed
You can still lodge the deposit at the hearing by bank guarantee or cheque (§ 69 ZVG)
Cheque: issued on or after the third working day before the auction

Auctionin 6 days

Wednesday, 30 September 2026

11:00
Amtsgericht Hagen in Nordrhein-Westfalen

Payment of the purchase price

approx. November 2026

The court sets the deadline, roughly 6 weeks after the award

Documents

Official court records, free to download.

Klaava Pro reads them for you: condition, defects, land register and valuation.

Read the official auction notice

The ZVG portal only serves case pages inside its own site, so this route goes through Klaava.

The data comes from zvg-portal.de, the official portal of the German federal states.

Closing costs

Bid amount

€

of the appraised market value

State

Property transfer tax6.5%€2,080

Court fee for the award (§ 54 GKG)approx. 0.5%€160

Land register entryapprox. 0.3%€96

Total closing costs€2,336(7.3%)

Total investment

€34,336

€32,000 purchase price + €2,336 closing costs

Bid deposit€4,550

10% of the appraised market value (§ 68 ZVG). You lodge it before the auction date. On award it counts towards your bid, otherwise you get it back. That is why it sits outside the total above.

No estate agent, no notarised purchase contract. Saving against a normal purchase approx. €1,622 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Eigentumswohnung

Living area

99 m²

Price per m²

€460

Year built

1941

Occupancy

Owner-occupied

Town

58095 Hagen

Property description

Condominium on the first upper floor of a multi-family house from 1941 in Hagen, combined with a co-ownership share of 1,277/10,000 in the communal plot. The flat comprises approximately 99 m² of living space and is equipped with a storage room in the cellar.

The building is fully underlaid with a cellar and has partially modernised fittings. The flat offers a layout typical of a Gründerzeit building with two living rooms, bedroom, kitchen, bathroom and hallway. The occupancy status is owner-occupied.

The property shows considerable need for modernisation, in particular of the heating system, sanitary facilities and façade insulation. The report notes that the flat has repeatedly come to the attention of the housing supervisory authority and that new usage concepts exist for the plot.

Klaava Pro

What Pro adds for this property

5 findings from the appraisal
Valuation: Income approach, Property yield rate
1 entry in section II, meaning encumbrances and restrictions
Energy: Heating type, Energy source
More key facts: Remaining useful life and 3 more

Unlock freeThen try Pro free for 7 days.

Official property description

The court’s wording

Laut Gutachten - ohne Innenbesichtigung der Wohnung -: Wohnung in einem 5-geschossigen, unterkellerten Mehrfamilienhaus mit nicht ausgebautem Dachgeschoss, belegen im 1. OG, Nr. 3 des Aufteilungsplans; bestehend aus: Diele, Küche, Bad, WC, Wohnzimmer, Kinderzimmer, Arbeitszimmer, Schlafzimmer; Wohnfläche unter Zugrundelegung der Teilungserklärung: 99,58 m²; Ursprungsbaujahr 1897, Wiederaufbau teils 1953, teils 1962; auf dem Grundstück befinden sich keine Stellplätze oder Garagen; der bauliche Zustand ist unterdurchschnittlich, es besteht ein erhöhter Modernisierungs-, Unterhaltungsstau und Renovierungsbedarf; es liegt eine Eintragung im Altlastenverdachtsflächenkataster der Stadt Hagen vor. Der Gutachter kommt zu der Bewertung, dass das Objekt in den nächsten Jahrzehnten nicht durch einen Neubau ersetzt wird, bei welchem Kosten - bezogen auf den Altlastenverdacht - entstehen würden. Der Altlastenverdacht kommt erst dann zum Tragen, wenn eine Neuausnutzung des Grundstücks durchgeführt wird. Sollten jedoch bei zukünftigen Baumaßnahmen Untergrundarbeiten erforderlich sein, sind weitere Untersuchungen erforderlich. Ein gesondertes Altlastengutachten wurde nicht eingeholt.

English translation

According to the report, without an internal inspection of the flat: flat in a 5-storey multi-family house with a cellar and an unconverted attic, located on the 1st upper floor, No. 3 of the division plan; comprising: hall, kitchen, bathroom, WC, living room, children's room, study, bedroom; living space based on the declaration of division: 99.58 m²; original year of construction 1897, reconstruction partly in 1953, partly in 1962; there are no parking spaces or garages on the plot; the structural condition is below average, there is an increased backlog of modernisation, maintenance and renovation; there is an entry in the register of areas suspected of contamination of the city of Hagen. The expert concludes that the property will not be replaced by a new building within the next few decades, which would give rise to costs in relation to the suspected contamination. The suspected contamination only becomes relevant once the plot is redeveloped for a new use. However, should future construction measures require groundworks, further investigations will be necessary. A separate contamination report was not obtained.

Wording of the local court, taken from the official auction notice.

All information is given without warranty. The information shown was extracted automatically from official documents using AI and can be incomplete or wrong. Klaava accepts no liability for decisions made on the basis of this data. Only the official notices of the competent local court and the valuation report are authoritative.