House for sale in Koln, Germany

This property description represents a potential investment opportunity for real estate buyers. As an investment, it can be assessed based on the estimated annual return on investment, calculated using factors like potential rental income and property appreciation rates. Additionally, the condition of the property and its potential for improvement could play a significant role in the overall return on investment. From a lifestyle perspective, purchasing this property offers a spacious 2-storey detached house with 5 rooms, various functional spaces, and a garage. It is situated near busy 50767 Köln, which means the proximity to local amenities, schools, and commuting options will be an added advantage. However, it's essential to consider the property's listed condition, which indicates a significant need for renovation or modernization. This potential requirement could increase your initial investment costs, but it also presents an opportunity to personalize and optimize the space to your specific needs. The existence of some defects, such as a faulty gas boiler, moisture damage, and partially inadequate windows, should also be considered, as they might require substantial repair work. The estimated selling price of the property is 416,000€, but the buyer can potentially secure 30% reduction, bringing the final purchase price to 291,200€. This includes the possible savings from notary fees and brokerage commissions. If the property's value appreciates over time, and rental income can be generated either through short-term rentals or long-term leases, it could prove to be an attractive financial investment as well. If you are interested in exploring this investment opportunity further, you can reach out to the contact provided in the property description to discuss your questions, schedule a viewing or gather more information.