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House for sale in Koln, Germany
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House for sale in Koln, Germany

370 000€

50767 Köln

Property description

Property Description: Semi-detached multi-family house with three apartments, spread over two floors and a basement. The attic has been converted and the living area ranges from 45 to 59 square meters, totaling 157 square meters of living space and 50 square meters of usable space. The building has a one-story extension, a parking space, and a garden. It dates back to 1925 and was modernized in 1969/1990. Heating is provided by a gas central heating system. A complete interior inspection was only partially possible. The extension of the annex does not have approval. There is a significant maintenance backlog and extensive need for renovation work. Thoughts on Price: The property is being auctioned off at a market value of €370,000. However, there is potential to secure a 30% discount on the market value, bringing the price down to €259,000. In addition, there are no notary fees or agency commission to be paid. Despite the renovation needs and maintenance issues, this property presents a unique opportunity for buyers looking to purchase a property at a discounted price and make renovations to fit their own preferences.

Location

50767 Köln

Date added: 29.08.2024

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