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✅ Life Real Estate Product Purchase Link ✅ https://youtube.com/shopcollection/SC... ▪ Case No.: 2025Takyung5274(3) ▪ Court: Jangheung Branch of Gwangju District Court ▪ Sale Date: July 27, 2026 (Mon) 10:00 AM ▪ Location: 170, Nampo-ri, Gangjin-eup, Gangjin-gun, Jeollanam-do ▪ Property Type: Rural House (Land & Building Sold as a Package) ━━━━━━━━━━━━━━━━━━ 📍 Location and Living Area ▪ Located within the living area of ​​Gangjin-eup ▪ Excellent access to living infrastructure such as Hanaro Mart, hospitals, markets, and restaurants ▪ Adjacent to Gangjin Bay Ecological Park and Gangjin Bay ▪ Located near Gangjin Station ▪ Flat, village-like atmosphere ▪ Even without a car Adequate living standards ▪ Located within the town center, so the burden of local hostility is relatively low ━━━━━━━━━━━━━━━━━━ 📐 Land and Building Information ▪ Site Area: 395㎡ (approx. 119.49 pyeong) ▪ Building and Unlisted Area: 116.4㎡ (approx. 35.21 pyeong) House: 60㎡ (18.15 pyeong) Awning: 25.1㎡ (7.59 pyeong) Warehouse: 31.3㎡ (9.47 pyeong) ▪ Structure: Single-story country house ▪ Main Structure: Wooden / Slate roof ▪ Year of Completion: 1974 ▪ Orientation: South-facing ▪ Land Category: Residential Building ▪ Topography: Flat ▪ Road: Adjacent to a paved road approximately 3m wide ▪ Vehicle Access: Possible ▪ Yard Parking: Possible ▪ Water Supply: Municipal water supply ▪ Heating: Oil Boiler ━━━━━━━━━━━━━━━━━━ 💰 Auction Amount Information ▪ Appraisal Value: 44,714,000 KRW * Minimum Bid: 28,617,000 KRW* ▪ Bid Deposit: (10%) 2,861,700 KRW ▪ Number of Failed Bids: 2 ━━━━━━━━━━━━━━━━━━ 💡 Appraisal Value Breakdown ▪ Land Appraisal Value: Approx. 34,365,000 KRW ▪ Tree Appraisal Value: Approx. 2,000,000 KRW (Included) ▪ Building and Other Items: Approx. 8,349,000 KRW ━━━━━━━━━━━━━━━━━━ ⚖ Summary of Rights Analysis ▪ No Tenants ▪ Currently Occupied and Used by Owner ▪ Basis for Cancellation Right: Gangjin Nonghyup Mortgage ▪ Most rights expected to be extinguished after the auction ▪ Eviction Difficulty: Average ━━━━━━━━━━━━━━━━━━ ⚠ Points to Check 1️⃣ House and warehouse are unregistered buildings Land is registered Debtor acknowledges ownership and consents to the sale Land and building can be acquired together upon successful bid Need to review the possibility of proceeding with building legalization procedures in the future 2️⃣ Sale includes trees Includes trees appraised at approximately 2 million KRW 3️⃣ Issues regarding buildings owned by others Records of a building in another person's name exist in the official records On-site inspection indicates it has been demolished Currently being used as a vegetable garden While the likelihood of actual legal issues appears low, verification is required ━━━━━━━━━━━━━━━━━━ 🏡 Site Features ▪ Privacy secured by a fence ▪ Ample yard space ▪ Good atmosphere created by old trees ▪ Remains in good condition with signs of maintenance rather than feeling like an abandoned house ▪ Basic cleaning and partial maintenance Potential for future use ▪ Actual site condition assessed to be better than the photos ━━━━━━━━━━━━━━━━━━ 💰 Estimated Investment Costs ▪ Estimated Winning Bid: Approx. 38 million to 45 million KRW ▪ Basic Maintenance and Repair Costs: Approx. 5 million to 15 million KRW ▪ Total Investment: Approx. 50 million KRW ━━━━━━━━━━━━━━━━━━ ✅ Summary of Pros ✔ Walking distance to Gangjin-eup living area ✔ Access to the sea and parks ✔ Flat village terrain ✔ Vehicle access and parking available ✔ Spacious plot of approximately 119 pyeong ✔ Potential for use without major repairs ✔ Auction of a rural lifestyle house in the 30 million KRW range ━━━━━━━━━━━━━━━━━━ ❗ Cons and Risks ✘ Main house and warehouse unregistered ✘ History of the building being owned by another party on official records Existence ✘ Possibility of needing negotiation for handover ✘ Need to estimate costs for some maintenance and repairs ━━━━━━━━━━━━━━━━━━ The biggest advantage of this property is that it is a "country house within walking distance" within the Gangjin-eup living area. Considering the living area, accessibility, flat terrain, and structure with a yard, the price competitiveness based on the current minimum bid appears quite good. It is an auction property worth considering for actual residence or as a second home. Insaeng Real Estate Brokerage Office Director: Kim Dong-gyu Room 111, Building 131, Hanlim Pulever, 77 Chungmugong-dong, Jinju-si, Gyeongsangnam-do Brokerage Office Registration No.: 48170-2017-00153 Inquiries: 010-4892-0050 #CheapHouse, #Auction, #AuctionInvestment, #CountryHouse, #SeasideCountryHouse, #RealisticCountryHouse