House for sale in Koln, Germany

From a buyer's perspective, this property description paints a picture of a 1967 detached house in need of significant renovation and located in an area where the local city council owns part of the land. With a listed price of 180,000€, it sits on a plot of 91 m² and has two garages. It has been vacant for an unspecified duration and such properties might pose a range of challenges from potential liability for neglect or basic safety issues that may not be immediately apparent. Renovating a property can be both a risky and potentially profitable endeavor, hinging on the potential investor's vision and the local real estate market. This property, given its age and condition, would most likely require a full overhaul, which comes with a high cost and significant effort. The presence of a 2nd garage may to some extent offset those costs. As for the property's suitability as a lifestyle purchase, potential buyers who are willing to take on renovation projects and interested in purchasing an undervalued property with a high potential for improvement may find this a promising opportunity. However, buyers who are not comfortable with such risks might want to look into different properties. Overall, for those considering a considerable investment of time, money, and effort, this property might provide a strong return on investment in the long run.