Eigentumswohnung (3 bis 4 Zimmer) in Altena (Westf.)

Brandhagener Weg 5, 58762 Altena (Westf.), Nordrhein-Westfalen

Up for auction: a single apartment inside the building

Auction in 40 days

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

Appraised value

€91,000

Auction date

3 November 2026

10:00

6 more photos

Enforcement by a creditor

Appraised value

€91,000

Bidding thresholds

50%70%

45,50063,700

Minimum bid: below €45,500 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €63,700 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.

Auction date

3 November 2026 · 10:00

Local court

Altena in Nordrhein-Westfalen

Auction venue

Amtsgericht Altena, Hauptgebäude, Gerichtsstr. 10, 58762 Altena (Westf.), Etage 1, Sitzungssaal 116

Case number

0005 K 0002/2024

Next steps

Bid deposit

Tuesday, 27 October 2026

€9,100 (10% of the appraised market value)
By bank transfer to the court cash office
The court must have the money before the auction starts

Alternative: a crossed cheque or a bank guarantee at the hearing (§ 69 ZVG)

Auction

Tuesday, 3 November 2026

10:00
Amtsgericht Altena in Nordrhein-Westfalen

Payment of the purchase price

approx. December 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%€4,160

Court fee for the award (§ 54 GKG)approx. 0.5%€320

Land register entryapprox. 0.3%€192

Total closing costs€4,672(7.3%)

Total investment

€68,672

€64,000 purchase price + €4,672 closing costs

Bid deposit€9,100

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. €3,245 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Eigentumswohnung

Living area

63.93 m²

Price per m²

€1,423

Year built

1955

Rooms

Occupancy

Let

Town

58762 Altena (Westf.)

Property description

Two condominium units in the attic of a two-storey residential building with converted attic in Altena, district of Altroggenrahmede, south of the town centre. The building was erected in 1955, has a basement and comprises a total of 6 residential units as well as an attached garage.

Unit No. 5 in the attic left is let to a tenant, while unit No. 6 in the attic right was vacant on the reporting date. Both units have an associated cellar room, and the internal layout in each case comprises hallway, living room, bedroom, children's room, kitchen and bathroom.

Considerable need for repair was found on the building, the outdoor facilities and in unit No. 6, including damage to floor, wall and ceiling coverings as well as large quantities of bulky waste. An internal inspection of unit No. 5 was not possible, so its condition was assessed only by outward appearance.

Klaava Pro

What Pro adds for this property

4 findings from the appraisal
Valuation: Income approach, Property yield rate
2 entries in section II, meaning encumbrances and restrictions
2 units with floor area, actual rent and market rent
Timeline of modernisation work, with years
Energy: Heating type, Energy source
More key facts: Remaining useful life and 2 more
6 more photos of this property

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Official property description

The court’s wording

Laut Gutachten handelt es sich bei dem Versteigerungsobjekt um 2 Eigentumswohnungen im ausgebautem Dachgeschoss eines 2-geschossigen unterkellerte Wohnhauses mit 6 Wohneinheiten und einem Garagenanbau.

Baujahr: 1955

Die Wohnfläche der einzelen Wohnungen beträgt lt. Bauakte jeweils ca. 63 m².

Das Gebäude und die Außenalagen befinden sich in einem unterdurchschnittlichen Zustand.

English translation

According to the report, the object of the compulsory auction consists of 2 condominium units in the converted attic of a 2-storey residential building with basement comprising 6 residential units and an attached garage.

Year of construction: 1955

According to the building file, the living area of each individual unit is approx. 63 m².

The building and the outdoor facilities are in a below-average condition.

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.

What the surveyor's report says

Construction

Zweigeschossiges, unterkelltes Gebäude mit Krüppelwalmdach und Dachgauben, Falzziegeleindeckung. Außenwände in Mauerwerk mit weißem Putz, Sockel farbig abgesetzt.

Findings of the surveyor · 4 findings