House for sale in Koln, Germany

Property Description Semi-detached multi-family house with three apartments spread over two floors and a basement. The attic is converted, with living spaces ranging from 45 to 59 m², totaling 157 m² of living space and 50 m² of usable space. The building has a single-story extension, a parking space, and a garden. It dates back to 1925 and was modernized in 1969/90. Heating is provided by a gas central heating system. A complete interior inspection was only partially possible. The extension of the annex is not permitted. There is a significant maintenance backlog and extensive need for renovation work. This property is being auctioned at the local district court. Price Thoughts The asking price for this property is 370,000 EUR. However, there is a possibility to secure a 30% discount on the valuation and pay only 259,000 EUR for the property. Additionally, there are no notary fees or agent fees involved in the purchase. Considering the maintenance and renovation needs of the property, the discounted price offers potential for investment and improvement. It is important to assess the overall condition of the property and potential costs of renovation before making a decision.