House for sale in Koln, Germany

Property description: One-sided attached single-family house with two floors, basement, and converted attic. The living space is 140 m². The building dates from the years 1935-1950 and was likely modernized around 1980. Additionally, there is a former agricultural building. There is no heating system in place, and the house is uninhabitable due to numerous structural defects that require extensive renovation or rehabilitation. It is questionable whether this would be economically feasible or if demolition would be necessary. It appears unlikely that the residential building can be made economically viable again, so it is probable that the property will need to be cleared soon. The garden behind the agricultural building is heavily overgrown and not accessible. Price thoughts: The listed price of 364.000€ seems high considering the condition of the property and the extensive renovations needed. Potential buyers should carefully assess the cost of repairs and renovations before considering purchasing this property. Additionally, the opportunity to potentially secure a 30% discount on the market value, bringing the price down to 254.800€, may make it more attractive for buyers willing to take on the renovation challenges. However, it is important to factor in all costs involved in restoring the property to a livable condition before making a decision to buy.