House for sale in Koln, Germany

Property Description Detached single-family house, consisting of a 1-story main building with a basement and converted attic, with a living area of 112 m². In addition, there is a flat roof extension, also 1-story with a basement and a living area of 129 m². The property also includes a garage and a wooden garden house. The main house was built in 1955, the extension was added in 1974/75, and the winter garden extension dates back to the 1990s. The layout is as follows: In the main building, there is a hallway, guest toilet, dining room, kitchen, living room, and winter garden on the ground floor. The attic offers a hallway, a bedroom, a bathroom/toilet, and two children's rooms. In the extension, there is a hallway, a bathroom/toilet, a hobby room, and two rooms on the lower floor. On the ground floor of the extension, there is a hallway, a bedroom, a shower room, a kitchen, and a living room. Heating and hot water supply are provided by a warm air central heating system in the main house and a gas central heating system in the extension. Additionally, there is a tiled stove in the living room on the ground floor of the main house. It should be noted that the winter garden extension does not have a building permit. The condition of the building is considered moderate, with a significant need for renovation work. Price Thoughts The property is currently listed for 710,000 EUR, but it will be auctioned by the local court. There is a possibility to secure a 30% discount on the market value, bringing the price down to 497,000 EUR. Notary fees and agency commissions are also waived in this case. Considering the condition of the building and the potential discount, this property could be a good investment opportunity for buyers looking to renovate and customize the space to their liking.