House for sale in Koln, Germany

Property description: One-sided attached single-family house with two floors and a basement, converted attic, rooftop terrace, and an annex with one to two floors. The house was built in the 1920s/30s and offers a living space of 138 m². The layout includes in the basement: cellar and storage rooms, boiler room, and utility room; on the ground floor: hallway, bathroom, kitchen, 4 rooms; and on the upper floor: hallway, bathroom, storage room, and 3 rooms. Heating and hot water are provided by a gas central heating system, Bosch W40, built in 2021. The house has been minimally updated and renovated, with the maintenance condition ranging from moderate to significantly neglected. There are shared usage arrangements for the adjacent property, such as the garden with paving, planting, and access to the rear houses, as well as a covered wooden arbor. Thoughts on the price: The property is being sold at the market value of 285,000 EUR, however, buyers have the opportunity to potentially secure a 30% discount and purchase the property for only 199,500 EUR. This presents a significant opportunity for buyers to acquire the property at a discounted price. Additionally, the property is being auctioned at the local district court, providing further potential savings for interested buyers. This property has the potential for improvement and customization, offering a unique investment opportunity for buyers looking to create their dream home in a desirable location like Köln.