House for sale in Koln, Germany

From a buyer's perspective, this property in Cologne has a lot to offer. With a price of 1.180.000€, it is a slightly above-average priced property for the region. The two-family semi-detached house, with a total living area of 179/111 m², including balconies, terraces, and a garage, is a versatile space that can cater to the needs of a growing family or those looking to generate additional income through rental. The property shows signs of wear and tear, with some aspects requiring immediate attention, such as a faulty entrance door, missing door handles, chipped walls, unfinished electrical outlets, and an incomplete flooring. This could potentially make the overall living experience somewhat uncomfortable and lead to additional expenses down the line for necessary renovations. However, a lower estimate of 826.000€, based on a 30% discount on the market value, offers a good option to snap up this property for a lower price. With additional savings from notary fees and brokerage costs, this could be an attractive price for a property in need of some TLC. In terms of real estate investment, its location near the Hardtgenbuscher Kirchweg in close proximity to the city center might attract potential tenants, especially families. However, considering that the property may need renovations, a long-term investment perspective could be more beneficial than a short-term one. As for a lifestyle purchase, the property offers a good amount of space and potential for personal customization, ideal for a family wanting to create their dream home. It is situated for convenience, having good transport links, shops, and schools in close proximity. However, potential buyers should consider the amount of effort and cost involved in fixing the property up to their liking. All in all, the property has potential, but buyers must be aware of the additional expenses and efforts needed to make it a comfortable and desirable living space. As with any property purchase, it would be advisable to carry out thorough inspections and consult with professionals to make informed decisions.