House for sale in Koln, Germany

Property Description: This semi-detached house is perfect for a family, spread over 2 floors with a basement and converted attic, totaling 143.23 m² of living space. In addition to the main house built in 1924, there is a two-story extension added in 1949 (used as a party room and WC), a garage, a parking space for a car, and a garden. The layout includes various rooms and spaces such as kitchen, bathrooms, bedrooms, and storage areas. The heating and hot water system is operated by a gas central heating system made by Buderus, from around 1981. However, there is a significant need for maintenance and modernization in all areas, as well as some construction defects and damages that have been moderately maintained. Thoughts on Price: The property is being auctioned by the local court with a market value of 700,000.00 EUR. There is a possibility to secure a 30% discount on the market value, making it a good opportunity to acquire the property for 490,000.00 EUR. With the waiver of notary fees and agency fees, this could be a worthwhile investment for someone willing to take on the necessary renovations and updates. This property has potential for growth, especially given its size and location in Köln.