House for sale in Koln, Germany

Property Description: This semi-detached multi-family house consists of three apartments spread over two floors and a basement. The attic is converted, with living spaces ranging from 45 to 59 m², totaling 157 m² of living space and 50 m² of usable space. The building includes a single-story extension, a parking space, and a garden. Built in 1925 and modernized in 1969/90, the property is heated by a gas central heating system. Please note that a full interior inspection was only partially possible, and the extension of the annex does not have the necessary approval. There is a significant backlog of maintenance and extensive need for renovation work. Price Analysis: With a listed market value of 370,000.00 EUR, this property is currently being auctioned off by the local district court. However, potential buyers have the opportunity to secure a 30% discount on the market value, reducing the price to 259,000.00 EUR. Additionally, no notary fees or agency commissions are required. Considering the size of the property and the potential for renovations, this could be a great opportunity for buyers looking to invest in real estate in Köln, Germany.