House for sale in Koln, Germany

Property Description Leasehold for a 2-family house in detached construction. The house has two floors, is mostly basemented and equipped with a flat roof. The living space is 192 m², plus the converted areas in the basement (52 m²) and an attached garage. The house was built in 1969 and expanded in 2007. The layout includes on the ground floor a hallway, a corridor, a toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 m². The upper floor includes another bathroom, a study, a bedroom, a kitchen/dining area, and another living room on 93.46 m². The heating is provided by a gas boiler, with underfloor heating on the upper floor and wall radiators in the other areas. The basement was converted into a 53 m² apartment without permission, with the need for repairs due to moisture damage. There is a leasehold for 99 years from the date of registration. The consent of the landowner (Archdiocese of Cologne) is required before the bid can be accepted. Thoughts on Price The property is being auctioned by the competent local court with a market value of 490,000.00 EUR. You have the opportunity to potentially secure a 30% discount on the market value, paying only 343,000.00 EUR for this property. Additionally, there are no notary fees or agency commissions to be paid. This property presents an opportunity to acquire a unique home with potential savings.