House for sale in Koln, Germany

Property description: The former barn building was converted into a single-family house from 1993-1996. The 1-story house without a basement features an attic and a living area of 68 m². There is also a ground floor annex and a terrace. The exact year of construction is unknown. The layout includes an entrance area, hallway, bathroom, storage room, kitchen, and living room on the ground floor, while the attic contains a hallway and two rooms. No interior inspection has been conducted. There are evident repair and modernization needs, as well as structural defects and damages in the external area. The maintenance condition is average. The property is located in the hinterland and has no secured access road. Thoughts on price: The property is being auctioned by the local court with a market value of 385,000.00 EUR. With a possible 30% discount on the market value, the price for the property could be as low as 269,500.00 EUR. Additionally, notary fees and agency commissions are waived. This presents an opportunity for potential buyers to acquire the property at a discounted price and make necessary repairs and renovations. It is important to consider the potential costs of repairs and the overall condition of the property when evaluating the pricing.