House for sale in Koln, Germany

Property description: A single-family terraced house with one floor, partial basement, and converted attic offers a living space of 76 m². The house features a flat roof extension. The construction year of the house is unknown, while the extension was done in 1962 and the roof was renewed in 1979. Modernization work was carried out in the 1980s. Additionally, there is a separate garden with a plot area of 142 m² that belongs to the house. The layout includes a hallway, a shower room with a storage corner, a kitchen, and a living room on the ground floor. The attic consists of a hallway, a bathroom with a storage corner, and 1½ rooms. The heating is likely provided by a gas heating system. Interior viewing was not possible. The garden land does not have a registered driveway in the land registry but can be accessed via house numbers 17, 17a, and 19 through plot 2441. A right of way exists only for plots 2324 and 2058/357 (house numbers 17 and 17a) in favor of the respective owners. Price thoughts: The property is being auctioned at the local court for a value of 278,000.00 EUR. However, there is potential to secure a 30% discount on the appraised value, resulting in a purchase price of only 194,600.00 EUR. This opportunity to acquire the property at a lower price, along with the waiver of notary fees and agency commission, presents a good deal for potential buyers. Considering the size of the property, location, and potential for renovation or modernization, this could be a valuable investment opportunity for those looking to own a home in the area.