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22 Jun, 2014 21:12:06 BST
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England, United Kingdom


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Item specifics



Gutenbergstrasse, 08209 Auerbach
£9,500 Reserve Price

.* Please read Terms and Conditions section below before bidding.

** © Copyright 2014. All rights reserved.
*** Contact telephone - 0044 (0)7960 554063

  • 3 storey freehold property with 3 separate flats
  • Property has basement and attic space - both with potential for conversion into additional 2 flats.
  • Located in desirable, quiet residential area - just 10 minutes walking distance from town square
  • Scenic town with excellent amenities, low unemployment and convenient transport links to major cities
  • Internal area: 175 sq m (574 sq ft), plot size: 260 sq m (853 sq ft)
  • NO back taxes or outstanding payments on the property
  • High rentability and outstanding yield
  • Reason for sale: See below

Reason for sale

Recently made redundant, I have a portfolio of good quality properties and am reluctantly having to sell some to manage the refurbishment of others. All properties I sell have good rental and re-sale potential as they are situated in excellent locations. I only offer high yield properties in well-established areas with a strong potential for post-refurbishment capital gain and rental opportunity. For an ambitious and intelligent investor - this property is an excellent buy with great return.

About the property

The property is a freehold building containing three two-bedroom flats split across three separate floors.

In addition, the property has an attic which is very spacious and has five separate rooms contained within it that could potentially be converted into a beautiful two bedroom, open-plan apartment. The cellar/basement entrance is situated on the ground floor (the basement is not below ground).

Both the cellar and attic have potential for conversion into additional flats. This means the property has potential for 5 flats altogether.

The property is located in a quiet residential street, south of Auerbach’s main high street. It is only a short walk away from the town square and all other amenities.

The buildings which surround the property are all residential; some used as single family homes while others as flats.

The property is in need of refurbishment.

The house is between 5 to 10 minutes walk away from a pharmacy, Edeka (the largest German supermarket chain with over 4,000 stores), a local high school (on Bertolt-Brecht-Strasse), a separate special needs school (on Kaiserstrasse) as well as a bakery, a doctors surgery and Lidl (on Goeltzschtalstrasse) situated approx. 800m away from the property.

Total plot size is 260 square metres – This consists of the plot on which the property stands as well as garden at the rear of the house.

Total internal area is 175 square metres – As it stands this consists of 3 residential units spread over 3 floors. The first and second floor apartments are 60 square metres each, while the third-floor apartment is 55 square metres.

Above - left to right: Boundary plan showing plot size, floor plans showing internal layout of flats


The house is in need of refurbishment throughout requiring new energy-efficient UPVC windows, basic plumbing, electrical work, joinery and plasterwork. New toilet suites are needed. It is customary for German tenants to fit and fund their own kitchen. A makeover for the garden and external paint would add to the property's aesthetic appeal.

Some rooms throughout the house are nicely plastered with just cosmetic changes needed (e.g. paint, furniture clear-out).

Roof tiles in adequate condition (it is not known if any roof tiles are missing). Some signs of moisture damage in the house. External down pipe and guttering need attention as missing bracket has led to external water dampness and stains in a few spots. Snow-guards on the roof need fixing. There is internally some ceiling damage and one floor with damage caused by an exploding kitchen oven. Garden requires a makeover and a tree at the front entrance of the property needs to be removed to stop it obstructing entry into the house. Dry cellar with cement flooring. Doors in satisfactory condition. Good solid structure and sturdy walls. The first floor flat is in satisfactory condition and has one room with a partially damaged ceiling. The second floor flat (middle) has previously had an oven explode and so some rooms are darkened. On the third floor, the kitchen has slight moisture and ceiling damage.


Above: Location of house shown on beautiful quiet residential street.

Above: Door to cellar, front door, back door, and dry cellar
Above: First flat, bathroom, kitchen, rooms showing lovely plastered ceilings and walls

Above: Plaster ceiling damage between first/second floor, hallway window, second floor flat living room and kitchen
Above: Third floor flat - plastered rooms and ceilings all fine

Above: Room in third floor flat, kitchen, shower room, stairs to attic, view from attic out on to neighbouring house

Above: Beautiful attic with scope for conversion into a flat - view out on to roof

Above: View of garden, neighbouring flats (indicating demand in this area for vacant flats!), rear of the property


Above: A mix of residential properties, school, Baumarkt and Edeka behind it, nursery, Lidl, bakery

Why invest in Germany?

By investing in Germany you are investing in the powerhouse of Europe.

Germany is the largest national economy in Europe and the world's third largest exporter (after China and the US) producing a fifth of the European Union’s output and a quarter of its exports. Despite the turbulence of the global economic recession, the German economy grew every year since the 2008 crash and is on a strong growth path for 2014.

Home to some of the world's leading companies like Audi, Volkswagen, Allianz, E-ON, Siemens, Adidas, Hugo Boss, Mercedes Benz, DHL, Keuhne & Nagel and Nivea to name a few – the German economy is one of the most robust and technologically advanced in the world. The country has traditionally been very strong in a few key areas including: machinery, chemicals, logistics and cars – but it also fast becoming a digital hub in the Euro zone and leading the way in investing in clean renewable energy. By 2050, approximately 80% of electricity is set to come from renewable sources compared to 20% now.

Demographics in Germany are changing. In 2012 alone, one million people moved to Germany with the majority of arrivals from within the European Union. The German unemployment rate is one of the lowest in Europe at 7% (April 2014). This fact alone is something most countries would envy and an indicator of the strong and steady pace of economic growth in Germany.

The German education system allows young people to learn practical skills through apprenticeships. Vocational training – together with the vitality of small and medium-sized enterprises (SMEs) called the “Mittelstand” – are a key plank of Germany’s economic success story. The country has grown steadily and, unlike Britain, managed to avoid a surge of lay-offs after the 2008 financial crisis. The country has the best participation rate of women in the labour force with 72% holding down a job. New legislative changes mean all German children will have the right to day-care places from the age of one meaning the labour market is set to improve and become even more competitive.

Germany is the most promising place to invest your money in Europe. Excellent growth, low unemployment and job stability mean that as a homeowner you can expect a stable and steady rental income, and a profitable capital gain.

Why invest in Auerbach?

Auerbach, known as the 'City with Three Towers', is a scenic town with over 20,000 inhabitants situated in the east Vogtland region in the state of Saxony, the sixth most populous of Germany's sixteen states with a population of 4.3 million.

The town is surrounded by Germany's second largest forest area and is intersected by the river Goltzsch (40km long). Nestled in hills and surrounded by tall mountains, the town's sky line is dominated by three towers. One of these towers belongs to the Auerbach Castle, which was originally built by King Charlemagne, Emperor of the Roman Empire, and later rebuilt in the 13th century. The other two towers belong to two of the churches in the city: “Zum Heiligen Kreuz” and “St. Laurentius”.

Auerbach is a beautiful scenic town boasting easy access to the Erzgebirge (Ore Mountains) and excellent transport links to major towns and cities in Saxony – including Zwickau (pop. 100,000) and Plauen (pop. 65,000) – making it an attractive place to live. The town is situated at a distance of 15 miles from Zwickau and 13 miles from Plauen with regular bus and train links. The town is also surrounded by a number of smaller towns, all of which are within a 2 to 5 mile radius. These include the towns of Falkenstein (pop. 10,000) in the south, Rodewisch (pop. 7,000) in the north and Treuen (pop. 8,500) which is just 4 miles away.

Taken together, within a 5 mile radius, the three towns and Auerbach have a population in excess of 45,000 people.

Above: Panoramic views of the town, Auerbach Castle and Church

History: The town was first established in the early 14th century. A gallery depicting what the town looked like at the turn of the 19th century can be found here.

Basic Amenities: Auerbach town centre has a colourful mix of café’s and restaurants, shopping and leisure facilities. The town’s high street caters for every need – there are shoes shops, home appliance stores, pharmacies, banks, clothes stores, pubs, hair dressers, tanning salons, driving schools, children’s stores, chocolate and gift shops, takeaways, doctors and dentist surgeries – to name a few.

The town has both charm and vitality, with an exceptional mix of old and new architecture. Every Thursday – the town has a farmers market from 8am to 5pm.

Healthcare: The town has 10 GP surgeries, 11 dentists, 5 pharmacies. Auerbach is served by 2 hospitals. The first is located 2 miles from the town centre – called the Klinikum Obergoeltzch – with over 300 beds and departments for maternity, intensive care, surgery and radiology. The second hospital – Knlinik Falkenstein – is only 2 miles south of the town and is a little smaller with over 100 patient rooms and 90 staff.

Education: In recent years, the town has invested over €1.7million in the improvement of day-care facilities. There are a now total 15 child care centers in the town, of which 11 are financed by the city council. There are 4 primary schools and 2 high schools in Auerbach, one of which is only 600 metres away from this property (see here). A full list of all the educational establishments in the town can be found on the Council’s website (see here).


Above: Festivals/Concerts in summer and winter in the town and weekly market (from stadt-auerbach)

Above: Netto and Aldi

Above: Town square with an array of shops (shoe shop, chocolatier, bank, O2 shop, clothes store)

Above: Shops and shopping centre

Above: Tourist info office, library, high street 

Above: Main shopping quarter with phone shops, book store, stationery shops, apothecary

Sports, Leisure/Recreation/Facilities, Attractions:

  • The local cinema – on Goeltzschtalstrasse – is only 600 metres away from this property (see here their website and here their facebook page).
  • The local community college (see here) offers a number of classes in Auerbach for all sorts of activities, including: zumba, oriental dance, knitting, arts and craft, yoga, meditation, gymnastics, swimming, nutrition, massage, Pilates, literacy, IT, basic book-keeping and accounting.
  • Auerbach has 4 fitness centres offering pilates classes, fitness trainers, and gym equipment.
  • The recreation centre – located on Badstrasse – has a large indoor and outdoor swimming pool, sauna facilities and massage therapists (offering anything from hot stone massage to reflexology). See here for the leisure centre’s website.
  • The town has a long list of associations and clubs – these include sports clubs, seniors’ club, environment, homework and youth clubs, as well as associations for animal breeders, motor sport enthusiasts, singing/choir, and many more - see here for the full list.
  • Since Auerbach is located in the Vogtland, there are a number of hiking and bicycle trails. The surrounding area is full of local wildlife (great for bird watching). A full list of hiking and biking trails is available here on the Council’s website.
  • 6 churches for Protestants, seventh-day-Adventists and for followers of the Roman Catholic denomination.
  • The town has annual festivals and markets for flowers and crafts, for Christmas, and an annual pottery fair where potters from across Germany showcase their products. The first weekend in August sees an annual historical market square festival, the third weekend of August sees Auerbach play host to a pottery fair, the third weekend of September will see an annual weekend of festivities to welcome the Autumn season and the month of December see a special Christmas market with a traditional fairytale parade.
  • Auerbach Library with 36,000 items to borrow – situated a 10 minute walk away from this property.
  • Cross-country skiing in the winter is a common draw for tourists. Just ten miles south of Auerbach lies the town of Schoeneck, where a 36km trail spanning eastward towards the town of Johanngeorgenstadt near the Czech border, boasts one of the snowiest ski trails in Germany. Winter walks, hiking, sleigh rides, sledging, snowboarding, ski jumping and competitive sports – can all be found just a short drive away – see here an English-language website detailing more information.
  • Standing tall at 43.9m (144ft), climbing to the top of Auerbach Castle is a beautiful way to observe the sights of the city.
  • The Stadtmuseum has over a thousand objects and costs only €2.50 for entry to see exhibitions on the castle, town’s history and development of trade and industry.
  • The Waldpark (located 7 miles south east of the property) offers an affordable holiday in the forest with sports, games, outdoor camping, fun and adventure. Specific packages for children over the summer holiday period, for families over easter and women are available. Everything from bowling, zumba and flamenco, to a relaxing spa, barbecue and easter egg hunt experience is available at the park which also provides affordable cabin accommodation.

Economy: As of April 2014, Auerbach has an unemployment rate of 7.1 percent. This figure has climbed down from 10 percent in January 2013. There are more people in jobs now than at the start of 2013. The unemployed are incentivised to get back into work. In Auerbach, there are training grants which subside up to 80 percent of training fees for those looking to up-skill and join the labour force. The main industries in this region are textile (e.g. lace and embroidery), mechanical (e.g. trucks), carpet weaving, and the production of musical (orchestra) instruments. The majority of people in Auerbach are employed in industry, followed by the public sector and then the service and financial industries.

Neighbouring towns:

Rodewisch – 1 mile up the road from Auerbach. The town has a population of 7,000 people and is only a short walk away. Its facilities and attractions include:

  • Hospital with 300+ beds, with inpatient care, emergency department as well as departments for maternity, palliative care, physiotherapy, radiological institute, anesthesiology, intensive care, visceral and vascular surgery
  • Saxony Hospital for Psychiatry and Neurology has its HQ in the town
  • 3 doctors' surgeries, 6 dentists, 2 pharmacies
  • Library – home to 3000+ children’s books
  • 7 public playgrounds for children
  • Wasserburg Göltzsch (a water castle) – open between April and August – where you can recline in summer months and rent boats. Visitors can also visit the Goltzsch museum.
  • Theme park “Freizeitpark Plohn” – only 3 miles away – featuring roller-coaster rides and a series of other rides and activities (see here).
  • Planetarium where planets, star clusters, gas and dust nebula and galaxies are observed and photographed

Falkenstein – 2 miles southwest of Auerbach with a population of 10,000 people. The town is easily reached by regular buses, and is 6 minutes on the train from Auerbach train station. Falkenstein has numerous facilities and attractions:

  • Day care centres and schools
  • 6 churches
  • 14 sports clubs for all sorts of sports from diving to taekwondo
  • Clubs for the elderly, knitting, arts and crafts, and other past-times
  • A zoo founded in 1953 – open every day from 10am to 6pm – home to 188 animals in 61 species - including llamas, donkeys, ponies, porcupines, bears, kangaroos, monkeys and camels.
  • Falkenstein Dam - built in 1977 - where locals go swimming
  • Hospital with 100+ patient rooms and 90 staff
  • Annual festivals including: Falkensteiner street festival in June, a wine festival in August, and the Autumn Fair on the first weekend of October.

Treuensituated 4 miles from Auerbach with a population of 8,500 people. The town boasts a lively community atmosphere, and is only 10 minutes on the train from Auerbach train station. It has the following facilities:

  • 8 day-care centres for children
  • Library – with children’s activities, IT and other facilities
  • Outdoor swimming pool managed by the city council. Open between the months of May and September.
  • Treuen Castle – which hosts concerts and festivals
  • 6 churches – including St Bartholomäi – originally built in the 12th century
  • ThePerlaser Aussichsturm” – a 17meter tall tower where you can enjoy an eagle-eye view of the Vogtland
  • Home to a forest adventure park - where children can learn about wildlife, trees, plants in a fun environment.

Transport: Auerbach is easily reached via the B169, which leads directly through the municipality. The closest airports are Leipzig/Halle (70 miles) and Dresden (80 miles). Auerbach is located 6 miles away from the A72 high-speed motorway (‘auto-bahn’) which connects the cities of Leipzig, Chemnitz and Hof in Bavaria. The town is served by two train stations (Hp and ob Bf.), one leading north towards Zwickau and another in the direction of Plauen.

Above: Map of Auerbach showing proximity to Plauen, Zwickau, Chemnitz, Gera, Leipzig and other major urban hubs [courtesy: Google Maps]

By car, Auerbach is in close proximity to the following towns and cities:

  • 25 minutes to Plauen – the capital of the Vogtland region with a population of 65,000.
  • 30 minutes to  Greiz (population: 23,000) –
  • 30 minutes to  Zwickau (population: 100,000)
  • 45 minutes to Chemnitz (population: 250,000)
  • 45 minutes to Hof (population: 45,000)
  • 1 hour to Gera (population: 95,000)
  • 1 hour 30 minutes to Dresden (population: 525,000)
  • 1 hour 30 minutes to Leipzig (centre of trade and commerce. Population: 530,000).
Leipzig City - Mädler-Passage 
Zentum Jenas 2008-05-24Jena ImpressionenJena ImpressionenJena Impressionen
Naumburg, Marktplatz mit St. WenzelBürgerhäuser 1 (Markt Naumburg)Impressionen aus NaumburgImpressionen aus NaumburgGera_Marktplatz_Pan2010_04_03-Gera Ronneburg Altenburg Rositz_063View over Altenburg


Properties on this road have been rented at between 5 to 6 Euros per metre square (note: this is cold rent – bills such as water/heating are excluded).

At these prices you can expect an annual rental income between 10,500 EUR and 12,600 EUR.

5 (euros p/m²) x 175 (total internal area in m²) x 12 (months of the year) = 10,500

6 (euros p/m²) x 175 (total internal area in m²) x 12 (months of the year) = 12,600

Once refurbished, the buyer of this property can expect a steady income that is rare to come by. Should the attic be converted into a separate fourth flat (and there is potential for this as it is spacious and currently has five separate small rooms), then the rental income stated above is likely to be higher.

None of the houses surrounding this property are empty, derelict of under-developed. The central location – and convenience with which you can walk to the town’s high street and access all amenities (schools, doctor, dentist, pharmacy, and supermarkets) makes it a very popular and sought-after location.

The division of this property in to three residential flats makes it very well suited to the demographics in this town. 38% of the town is composed of singles while 29% are families. Only a quarter of the town’s property market is composed of flats, meaning there is more demand in the rental market for flats than there is for single family homes in the town.

Look no further!

This charming three storey, three apartment property is a superb buy for anyone looking to invest their money for an excellent rental return and capital gain. The town of Auerbach boasts excellent amenities, a low unemployment rate and convenient transport links to major urban hubs like Plauen, Zwickau, Leipzig, Chemnitz and Dresden.

The property is centrally located in a quiet leafy-green residential area. For this kind of price in this kind of town, and for this kind of central location, this property is most certainly an excellent deal. If you are looking to invest your money for substantial profit margins and an outstanding return – look no further!


  1. Please contact me before you bid to confirm your interest in this property. This will help avoid uncommitted bidders interfering with the auction.
  2. A non-refundable seller's fee amounting to £300 is to be transferred to myself (seller) within 48 hours of the auction ending.
  3. A separate £500 deposit is to be transferred to myself (seller) within 48 hours of the auction ending. This deposit is non-refundable in the event that the buyer fails to complete the purchase, and will be deducted from the final purchase price at the auction ending. A fixed Euro price equivalent will be agreed upon sale.
  4. The rest of the purchase price is to be paid via the conventional buying process which will be overseen by a certified and accredited German Notary Public who will be asked to draw up a legally binding contract. 
  5. Failure to pay within the above time limits will entitle me to offer its sale to the next highest bidder or re-advertise.
  6. The Reserve Price for this property is set at £9,500 (GBP).
  7. Transparency and security of payment is ensured through the use of a credible and independent court-sworn German Notary Public. Should the buyer have a preference for a particular notary, please inform myself (seller) of this.
  8. It is not possible to arrange internal viewings. The property can however be viewed externally at any time.


I am a trusted seller and have previously sold properties on Ebay. 

This is a private listing so you can ** confidently and confidentially ** submit your bid.

You will be fully guided through the buying process.

Please do not hesitate to ask questions or request pictures.

If I am unable to take your call, please leave a voicemail or SMS. Or simply send me an eBay message and I will get back to you on the same day.

Contact Jaan: 0044(0) 7960 554063

** COPYRIGHT AND DISCLAIMER STATEMENT – WARNING TO COPYRIGHT THIEVES. Any unauthorised copying or use of the writing of this advert is strictly prohibited. The material in this advert (including the text, descriptions and structure of writing) are copyrighted. These materials are covered under ‘Intellectual Property Rights’ and according to Ebay’s guidelines (see here) it is possible for the owner of Intellectual Property rights to sue plagiarists for copyright infringement. Where external content is used here, attribution is respected and assumed via hyper-linking. The protection of copyright is a serious matter and should this notice be contravened, the owner of intellectual property - in this case, the seller of this property - reserves the right to seek punitive action against any infringement (that is the replication, adaptation, publication, distribution, broadcast of any material contained in this advert without express permission and written consent).

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