Condominium on the 1st floor in need of refurbishment

Berghofstr. 25, 58097 Hagen, Nordrhein-Westfalen

Up for auction: a single apartment inside the building

Auction in 41 days

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

Appraised value

€37,000

Auction date

4 November 2026

09:00

Satellite view of the location, no photo of the property available

Enforcement by a creditor

Appraised value

€37,000

Bidding thresholds

50%70%

18,50025,900

Minimum bid: below €18,500 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €25,900 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.

Auction date

4 November 2026 · 09:00

Local court

Hagen in Nordrhein-Westfalen

Auction venue

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

Case number

0031 K 0121/2025

Next steps

Bid deposit

Wednesday, 28 October 2026

€3,700 (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

Wednesday, 4 November 2026

09:00
Amtsgericht Hagen 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%€1,690

Court fee for the award (§ 54 GKG)approx. 0.5%€130

Land register entryapprox. 0.3%€78

Total closing costs€1,898(7.3%)

Total investment

€27,898

€26,000 purchase price + €1,898 closing costs

Bid deposit€3,700

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. €1,318 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Eigentumswohnung

Living area

41.44 m²

Price per m²

€893

Year built

1911

Rooms

Occupancy

Owner-occupied

Town

58097 Hagen

Property description

Condominium on the 1st floor of a 4-storey multi-family house with basement and converted attic storey in a central location in Hagen, approximately 1.5 km from the town centre. The building was constructed in 1911 and rebuilt in 1950 after war damage; the flat is situated in a medium-quality residential area with good infrastructure and public transport connections.

The flat has a floor area of 41.44 m² and comprises one room, kitchen, bathroom, hallway and balcony together with an associated cellar room. The property is owner-occupied; immediate transfer of possession after the award (Zuschlag) is possible. The co-ownership share (Miteigentumsanteil) amounts to 75.36/1,000 of the shared plot of land.

The overall structural condition is well maintained, however there is considerable need for modernisation: windows and façade have been partially renewed and the roof has been modernised, however the heating system, pipework and bathroom are outdated and require refurbishment. Due to the lack of an internal inspection, there are considerable uncertainties regarding the actual condition of the interior rooms.

Klaava Pro

What Pro adds for this property

8 findings from the appraisal, 2 of them rated severe
Valuation: Income approach, Property yield rate
1 entry in section II, meaning encumbrances and restrictions
3 more key facts

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Official property description

The court’s wording

Lt. Gutachten -ohne Innenbesichtigung der Wohnung-: Eigentumswohnung im 1. Obergeschoss rechts nebst Keller in einem 4-geschossigen, unterkellerten Wohn- und Geschäftshaus mit ausgebauten Dachgeschossen, bestehend aus Flur, Wohnraum, Küche, Badezimmer, Balkon und Abstellraum im Keller. Wohnfläche lt. Teilungserklärung: 41,44 m²; Baujahr 1911, teilweise Wiederaufbau 1950; aufgrund des Baujahres des Gebäudes ist mit baujahrbedingten Feuchtigkeitseinwirkungen im Keller zu rechnen; mangelnde Wärmedämmung, mangelnder Schallschutz; es wird Unterhaltungsstau und allgemeiner Renovierungsbedarf in den Wohnräumen unterstellt.

Für die Zuschlagserteilung ist die Zustimmung des Wohnungsverwalters (WEG-Verwalter) erforderlich.

English translation

According to the appraisal report -without internal inspection of the flat-: condominium on the 1st floor right including cellar in a 4-storey, fully cellared residential and commercial building with converted attic storeys, comprising hallway, living room, kitchen, bathroom, balcony and storage room in the cellar. Living area according to the declaration of division (Teilungserklärung): 41.44 m²; year of construction 1911, partial reconstruction 1950; due to the year of construction of the building, moisture ingress in the cellar related to the age of the building is to be expected; insufficient thermal insulation, insufficient sound insulation; a maintenance backlog and general need for renovation in the living rooms is assumed.

The consent of the property manager (WEG manager) is required for the award of the bid.

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.