House for sale in Koln, Germany

As a buyer perspective for a property located in Köln with a price of 363.000€, this property description highlights the following features: 1. A semi-detached house with a living area of 109 square meters and a usable area of 47 square meters. This size is suitable for a small family or individuals looking for a cozy home. 2. Features including balcony, terrace, annex, and garage provide additional living space and convenience. 3. The property was built before 1910, undergoing renovation in 1993. 4. The ground floor consists of a hall/kitchen, bathroom, living room, and storage room, while the first floor has a large hallway, two bedrooms, and a living room. The attic includes a bathroom and two children's rooms. 5. A central gas heating system is installed for warmth and comfort. 6. Even though the property meets legal requirements, there are still modernization and safety measures needed. 7. Unregulated land plots have irregular shapes. 8. The property is listed for auction, and potential buyers can secure a 30% discount on the estimated market value. In terms of real estate investment, the current market value suggests that it might be challenging to generate rental income, especially without a professional contractor doing the necessary renovations as advised in the description. The irregular land shape and unfinished modernization/ integral safety measures could potentially lead to a higher level of investment required and possibly longer vacancy periods when searching for tenants. For lifestyle purposes, the property provides a cozy living environment and the benefit of being close to all the necessary amenities in Köln.