House for sale in Koln, Germany

Property Description: Detached single-family house (condominium No. 1) with two floors, basement, a living area of 159 sqm, balcony, a single-story double garage without basement and parking spaces in front of it. The exact year of construction is not known, presumably from the 1950s. The layout includes in the basement: storage room, oil storage room, boiler room, utility room, and laundry room; on the ground floor: hallway, shower room, kitchen, dining room, and living room; on the upper floor: hallway, bathroom, and two bedrooms; in the attic: toilet and another room. The gas-powered heating system is defective. Hot water is provided through electrical appliances. The residential building could only be partially viewed, and the garage not at all. The condition of the building is average, but the heating system and many parts of the sanitary facilities need to be renewed. The balcony, attached to the building extension, extends over the neighboring property areas (parking spaces and paths) as well as behind the house (courtyard area). Price Thoughts: The property is currently being auctioned at a valuation of 840,000.00 EUR. There is a possibility to secure a 30% discount on the valuation, bringing the price down to 588,000.00 EUR. Additionally, notary fees and agent commission are waived. This property presents a potential investment opportunity for those looking to acquire a fixer-upper and renovate it to increase its value. Overall, the property offers a spacious layout and potential for improvement, making it a promising prospect for the right buyer.