House for sale in Koln, Germany

This property is a 2-family house with a detached construction on leasehold land. The house consists of two floors, a mostly basement level, and a flat roof. It offers a living space of 192 sqm, with additional finished areas in the basement (52 sqm) and an attached garage. Built in 1969, the house was expanded in 2007. The layout comprises on the ground floor a hallway, a foyer, a toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 sqm. Upstairs, there is another bathroom, a home office, a bedroom, a kitchen/dining room, and another living room on 93.46 sqm. The heating is provided by a gas boiler, with underfloor heating on the upper floor and wall radiators in the other areas. The basement has been converted into a 53 sqm apartment without proper authorization, requiring repairs due to moisture damage. The property is subject to a leasehold right for 99 years from the registration date, pending approval from the landowner (Archdiocese of Cologne) before a purchase can be finalized. The property is being auctioned at the local court with a valuation of €490,000. There is a possibility to secure a 30% discount on the valuation, bringing the price down to €343,000 for this property. Additionally, there are no notary fees or agency commissions involved. This property is just one of many intriguing listings featured in our monthly cost-effective real estate auction catalog. For more information and to potentially acquire your dream property at a favorable price, please contact us at the provided phone number. (Note: price thoughts can be subjective and may vary based on market conditions, location, and property specifics.)