Two-family house with extension

Servatiistraße 2a, 48429 Rheine, Nordrhein-Westfalen

Auction in 6 days

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

Appraised value

€300,000

Auction date

30 September 2026

09:00

22 more photos

Enforcement by a creditor

Appraised value

€300,000

Bidding thresholds

50%70%

150,000210,000

Minimum bid: below €150,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €210,000 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.

Auction date

30 September 2026 · 09:00

Local court

Rheine in Nordrhein-Westfalen

Auction venue

Amtsgericht Rheine, Hauptgebäude, Salzbergener Str. 29, 48431 Rheine, Etage 1., Sitzungssaal 16

Case number

0012 K 0040/2024

Procedure

Partition auction

Next steps

Bid deposit

Wednesday, 23 September 2026

€30,000 (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

09:00
Amtsgericht Rheine 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%€13,650

Court fee for the award (§ 54 GKG)approx. 0.5%€1,050

Land register entryapprox. 0.3%€630

Total closing costs€15,330(7.3%)

Total investment

€225,330

€210,000 purchase price + €15,330 closing costs

Bid deposit€30,000

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. €10,647 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Einfamilienhaus nebst Anbau als Zweifamilienhaus

Living area

194 m²

Price per m²

€1,546

Plot size

248 m²

Year built

approx. 1925

Occupancy

Owner-occupied

Town

48429 Rheine

Property description

Two-family house in Rheine-Schotthock, built in 1925 with an extension from 2003 and a converted attic from 2018, on a 248 m² corner plot on Servatiistraße. The two-storey, basemented building in clinker construction is located in a moderately busy area near the junction of Servatii- and Bonifatiusstraße, shops for daily needs and schools are within walking distance.

The ground floor comprises one flat of around 73 m², while the upper floor and attic contain a further flat of around 121 m². The property is currently vacant and is therefore immediately available for occupation after the award.

The structural condition is overall described as satisfactory, but there is partial need for repair and maintenance, including to the balcony construction, which is classified as safety-relevant. For buyers willing to renovate, the dual use as a two-family house offers additional rental potential.

Klaava Pro

What Pro adds for this property

5 findings from the appraisal, 1 of them rated severe
Valuation: Cost approach, Income approach, Property yield rate
Land register: Sheet, Cadastral district
2 units with floor area, actual rent and market rent
Timeline of modernisation work, with years
Energy: Heating type, Energy source
3 more key facts
22 more photos of this property

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Official property description

The court’s wording

Laut Wertgutachten handelt es sich um ein massives unterkellertes zweigeschossiges Einfamilienhaus mit ausgebauten Dachgeschoss nebst Anbau als Zweifamilienhaus (Baujahr 1925, Anbau 2003, Dachgeschossausbau 2018, Wohnfläche ca. 194 m²).

English translation

According to the valuation report, this is a solid, basemented, two-storey single-family house with converted attic together with an extension as a two-family house (built 1925, extension 2003, attic conversion 2018, living area approx. 194 m²).

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.