House for sale in Koln, Germany

Property Description: An attached single-family house with two floors, a basement, and a converted attic, as well as a former agricultural building. The house is in an uninhabitable condition, as it has many structural defects and is in need of renovation in many areas. It is unclear whether a cost-effective renovation is possible or if demolition is necessary. It is assumed that the house is no longer economically viable and that the property will need to be vacated soon. Price Thoughts: The property is being auctioned off by the local court with a market value of 364,000.00 EUR. However, there is a possibility of obtaining a 30% discount on the market value, bringing the price down to 254,800.00 EUR. Additionally, there are no notary fees or agent commissions involved in the purchase. This property may require significant investment in renovations or possibly even demolition, so it is important to carefully consider the potential costs involved before making a decision to purchase.