House for sale in Koln, Germany

Property Description: This semi-detached house is perfect for a family, spread over 2 floors with a basement and converted attic, totaling 143.23 m² of living space. The building also features a two-story extension without a basement (used as a party room and WC), a garage, a parking space for a car, and a garden. The main house was built in 1924, with the addition of the extension in 1949. Layout: The basement includes hallways, cellar rooms, the boiler room, and utility connections. On the ground floor, there is a hallway, storage room, WC, shower room, a room, and the kitchen. The upper floor offers a hallway, a WC, a kitchen, and 3 rooms. The converted attic consists of a hallway and 2 rooms. The heating and hot water system is operated by a gas central heating system manufactured by Buderus, dating back to around 1981. There is a significant need for maintenance and modernization in all areas, as well as building defects and damages that have been only moderately maintained. Thoughts on Price: The listed price of 700,000 EUR reflects the potential value of the property, considering its size and location in Köln. However, it is important to note that there is room for negotiation, as the property is being auctioned by the local court. With the possibility of securing a 30% discount on the estimated value, the final price could be reduced to 490,000 EUR. With additional savings on notary fees and agency commission, this property presents a unique opportunity for a buyer looking to invest in a fixer-upper with potential. Please contact the provided phone number for further inquiries and to learn more about this property.