House for sale in Koln, Germany

From a buyer's perspective, this property description promises a spacious, charming, and well-maintained 98 m² house with a garden, a loggia, and two garages. The house, built in 1920, underwent an expansion and renovations over the years, ensuring a good quality living space. The property description doesn't provide information on the current condition of the house, but the prospect of obtaining it for such a great discount (180.000 € through auction) creates a compelling temptation. The estimated auction value, excluding notary costs and broker's fees, is 380.000,00 €, which seems reasonable for the described house. In terms of real estate investment, this property promises potential returns. The renovated house seems perfect for a stable rent and hopefully the rent appreciation in the future. Investing for the lifestyle purpose allows having this beautiful house in a highly desirable location in Köln with its numerous facilities. Since the property is located at auctions, purchasing it brings the possibility of getting an excellent deal. The brand new kitchen and bathroom mentioned in the ad might be a good investment in your home. The fixed HKW (Hermes), providing interest, is another advantage in this property. All in all, for a buyer looking to settle down or invest, this property seems to offer a fantastic opportunity. It will certainly require dedication, not to mention some investment in terms of renovating, but if done right, it could turn into a profitable deal. With such a tremendous deal in the listed price, and the inspection of the building nears the auction date, the market valuation at the auction could decrease dramatically, making it a highly competitive and achievable purchase.