House for sale in Koln, Germany

From a buyer's perspective, this property is a two-family house with two floors and a basement, including an attic and a garden, providing a total living area of 211 m². It has three balconies, a terrace, a yard, and a garage. The house was built in 1925 and is protected as a heritage property, having undergone extensive renovation and modernization from 2012 to 2018. It features a kitchen with an apartment unit value of 4,000 euros. The space distribution encompasses a basement with a hallway, heating room, storage room (formerly a bunker), two non-living room rooms (not for living), a shower room, WC, and laundry room. The ground floor offers an entrance area, hallway, WC, storage room, kitchen, living room, and dining room with a total area of 87.59 m². The first floor consists of a hallway, bathroom/WC, and three bedrooms with a total area of 74.39 m². The attic offers a hallway, bathroom/WC, and two bedrooms with a total area of 48.58 m². Heating is provided by a gas-condensing pump boiler, with warm water supplied by a separate buffer tank. The entire property is well-maintained and features a total living area of 211 m². The Property is listed for auction by the local district court, with a sale price of 2.140.000 €. However, as a buyer, you can potentially secure a 30% discount on the sales price, bringing your total payment to 1.498.000 €, including notary costs and broker fees. As a lifestyle purchase, the property has plenty of amenities, including a garden, multiple rooms for relaxation, and renovations that have been completed in the last few years. For real estate investment, the property offers a potentially affordable price considering the renovations and heritage status. Still, it would be wise to consult with a real estate expert to evaluate the property's market value and potential return on investment.