House for sale in Koln, Germany

Property Description This two-story semi-detached family house with a granny flat is located in 50769 Köln. The property, which was likely built before 1910 and renovated in 1993, offers a total living space of 109 square meters and a useful area of 47 square meters. The house features a balcony, terrace, annex, and garage. The basement includes a kitchen, bathroom, hallway, two cellar rooms, a utility room, and a hobby room. The ground floor comprises a hallway, wardrobe, bathroom, kitchen, and office. Upstairs, you'll find a hallway, bedroom, and living room, while the attic floor offers a hallway, bathroom, and two children's rooms. The house is heated by a gas central heating system from 1993. The granny flat does not meet all necessary standards and has been converted without permission. Renovation and fire protection measures are required. The irregularly shaped plot presents development potential. At a listed price of 363,000 EUR, this property is set to be auctioned by the competent local court. You may be able to secure a 30% discount on the market value, bringing the price down to 254,100 EUR. Notary and agency fees are waived. This property, along with others, is featured in our affordable monthly real estate auction catalogue. Contact us for more details at 0221-97459790. Price Thoughts The listed price of 363,000 EUR for this property seems reasonable considering the location in Köln and the size of the house. However, potential buyers should keep in mind the necessary modernization and fire safety measures required for the granny flat. With the possibility of a 30% discount during the auction, this property could be a lucrative investment opportunity for those willing to take on the renovation challenges.