House for sale in Koln, Germany

Property Description: A detached single-family house without a basement, consisting of one floor and an attic. It offers a living space of 96 m² and features a partially basemented double garage extension as well as a garden. The house was built in 1973 and is divided as follows: on the ground floor, there is a hallway, bathroom, bedroom, kitchen, and living room; in the attic, there is a hallway, a WC, and three rooms. Heating is provided by a gas heating system with wall radiators, a gas boiler in the kitchen, and a wood-burning stove in the living room. There is no building permit for the garage extension. Due to the lack of possibility for an interior inspection, the condition of the house is unknown. Thoughts on Price: The property is being auctioned by the local court with a value of €620,000. However, there is potential to secure a 30% discount on the valuation, bringing the price down to €434,000. Additionally, there are no notary fees or agent commissions to pay. This makes the property a potentially attractive investment opportunity for buyers looking to acquire a home at a lower cost.