House for sale in Koln, Germany

Property Description 2-story single-family row house with a basement and converted attic, including a garage, built in 1976, with a total living area of 146 sqm. The room layout is as follows: In the basement, there is a hallway, a hobby room, a pantry, and the utility room/laundry room. On the ground floor, there is an entrance hall, a guest toilet, a kitchen, and a living room measuring 58.60 sqm. Upstairs, there is a hallway, a master bedroom, a bathroom with toilet, a storage room, and two children's rooms totaling 57.20 sqm. The converted attic includes a hallway, two rooms, and another bathroom with toilet, covering an area of 30.60 sqm. Heating and hot water supply are provided by a gas boiler. The property requires significant modernization and has some structural defects such as a defective gas boiler, moisture damage in the basement, and some windows needing replacement. Price Thoughts: The property is being auctioned by the local district court with an appraised value of 416,000.00 EUR. However, there is a potential for a 30% discount on the appraised value, bringing the price down to 291,200.00 EUR. Additionally, there are no notary fees or agent commission involved in the purchase. This property offers great potential for improvement and presents an opportunity for buyers looking to acquire a property at a reduced price. Contact us for more information on this and other properties listed in our monthly affordable real estate auction catalog.