Flat No. 3 on the 1st floor
Josefstr. 17, Neustadt, Nordrhein-Westfalen
Up for auction: a single apartment inside the building
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€46,000
Auction date
7 October 2026
09:00
Appraised value
€46,000
Minimum bid: below €23,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €32,200 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
7 October 2026 · 09:00
Local court
Auction venue
Amtsgericht Gelsenkirchen, Hauptgebäude, Bochumer Straße 79, 45886 Gelsenkirchen, Etage 2, Sitzungssaal 202
Case number
0005 K 0046/2024
Next steps
Wednesday, 30 September 2026
- €4,600 (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)
Wednesday, 7 October 2026
- 09:00
- Amtsgericht Gelsenkirchen in Nordrhein-Westfalen
approx. November 2026
The court sets the deadline, roughly 6 weeks after the award
Documents
- Official auction notice
- Valuation report 1
- Valuation report 2
- Valuation report 3
- Property brochure
- Photos
- Information sheet
Official court records, free to download.
Klaava Pro reads them for you: condition, defects, land register and valuation.
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
State
Total investment
€34,336
€32,000 purchase price + €2,336 closing costs
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
70 m²
Price per m²
€657
Year built
approx. 1898
Occupancy
Let
Town
Neustadt
Property description
Small flat with 70 m² of living space on the 1st floor of the main building Josefstraße 17, Gelsenkirchen-Neustadt. The three-storey multi-family house from 1898 has a full basement and is let. The unit to be valued is used together with flats No. 4 and 5 as an economic unit; a separation is planned and approved.
The flat consists of a hallway, bathroom with shower, living room, eat-in kitchen and two bedrooms with standard fittings and new plastic windows. The service charge amounts to 700 EUR per month. The flat is currently let as part of a combined three-unit entity with a rental agreement and yield that are still unknown.
The overall property shows significant defects: severe moisture damage to the courtyard façade, a neglected shared staircase with mould growth, two outbuildings in critical condition with risk of collapse, as well as three ongoing building-regulation proceedings. The buyer must expect major refurbishment expenditure, including the proportional costs for the common areas.
Klaava Pro
What Pro adds for this property
- 15 findings from the appraisal, 6 of them rated severe
- Valuation: Cost approach, Income approach, Property yield rate
- 1 entry in section II, meaning encumbrances and restrictions
- Timeline of modernisation work, with years
- Energy: Heating type, Energy source
- More key facts: Remaining useful life and 3 more
- 21 more photos of this property
Official property description
The court’s wording
Laut Wertgutachten handelt es sich um ein Wohnungseigentumsrecht (Nr. 3 des Aufteilungsplans) im 1. OG rechts (Haupthaus) eines Mehrfamilienwohnhauses nebst Anbau, Nebengebäuden und zwei Garagen, Ursprungsbaujahr 1898/Baujahr (fiktiv) 1977, ca. 70 m² Wfl., erhebliche Bauschäden/-mängel.
Die Eigentumswohnung Nr. 3 wird zusammen mit der Eigentumswohnung Nr. 4 und der Eigentumswohnung Nr. 5 in der Örtlichkeit als wirtschaftliche Einheit genutzt und ist zum Wertermittlungsstichtag (= 16.01.2025) als Einheit vermietet.
Es sind bauordnungsrechtliche Verfahren betreffend das Flurstück 1207 anhängig.
Die Einsichtnahme des Gutachtens nebst allen Anlagen wird dringend angeraten!
English translation
According to the appraisal report, this concerns a residential unit ownership right (No. 3 of the division plan) on the 1st floor, right (main building) of an apartment building together with an extension, ancillary buildings and two garages, original year of construction 1898/year of construction (fictitious) 1977, approx. 70 m² living area, significant structural damage/defects.
Apartment No. 3 is used together with apartment No. 4 and apartment No. 5 on site as an economic unit and, as of the valuation date (= 16.01.2025), is let as a unit.
Building regulation proceedings concerning parcel 1207 are pending.
Inspection of the appraisal report together with all annexes is urgently recommended!
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
Massivbau in Mauerwerksbauweise, vollunterkellert mit Holzbalkendecken in den Geschossen. Satteldach mit alter Tondachsteineindeckung und Satteldachgauben zur Straßenseite. Nebengebäude mit Pultdach, teilweise Eternitplatteneindeckung.
Findings of the surveyor · 15 findings
- Facade (5)
- Interior fit-out (5)
- Roof
- Building services
- Electrics
- Plumbing
- Basement
Read out of the market value report written by the court-appointed surveyor.
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