House for sale in Koln, Germany

From a buyer's perspective, this property, located at 50859 Köln, offers a 2-story, 1-family house with a total living area of 62 m². The property is a mix of existing structure and a 1952 expansion. It features a garden, terrace, and 2 storage sheds. The house has a gas-fired central heating system and a water heater. The asking price is €410,000, and the anticipated selling price after negotiation is approximately €287,000, considering a 30% discount. Additional expenses like notary and real estate agent fees are not included. For a real estate investment, the property has the potential to offer good value, given its size and current value. However, the location in Köln and market conditions may affect the rental prospects and potential return on investment. As a lifestyle purchase, the property offers the opportunity for comfortable living with adequate indoor and outdoor living spaces. The negotiation price seems attractive, but potential buyers should consider conducting thorough due diligence and assessing the property's market value and rental prospects in the local area. The property has some limitations, such as the partially underground extension, which is only accessible from the neighboring property. The garden is also only accessible from the neighboring property and the public footpath. As a result, people wishing to have private access to their garden may need to consider these factors. Potential buyers should also check for any potential legal issues or restrictions associated with the property before making a decision.