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 was expanded in 2007. The layout includes on the ground floor a hallway, a corridor, a guest toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 m². Upstairs, there is another bathroom, a study, a bedroom, a kitchen, and another living room on 93.46 m². The heating is done by a gas boiler, with underfloor heating on the upper floor and wall radiators in other areas. The basement was converted into a 53 m² apartment without permission, with repair needs due to moisture damage. There is a leasehold for a term of 99 years from the date of registration. The approval of the property owner (Archdiocese of Cologne) is required before the award can be made. Price Thoughts The listing price for this property is 490.000€Kaufpreis, but there is a possibility of a 30% discount on the market value, bringing the cost down to only 343.000€Kaufpreis. Additionally, there are no notary fees or agent commission involved. Considering the size of the property, its location in 50765 Köln, and the potential for renovation and customization, this could be a great investment opportunity for buyers looking to acquire a spacious home with multiple living areas.