House for sale in Koln, Germany

Property Description One-sided semi-detached single-family house with two floors, basement and converted attic. The living space is 140 sqm. The building dates back to the years 1935-1950 and was likely modernized around 1980. Additionally, there is a former agricultural building. There is no heating. The residential building is uninhabitable due to numerous structural defects that require extensive renovation or restoration. It is questionable whether this is economically feasible or if demolition is necessary. It seems unlikely that the residential building can be made usable in a economically viable way, so it is likely that the property will need to be cleared soon. The garden behind the agricultural building is heavily overgrown and inaccessible. Price Thoughts The asking price for this property is 364,000 EUR, which may seem high considering the extensive renovations needed and the uninhabitable condition of the house. However, there is potential to secure a 30% discount on the market value, bringing the price down to 254,800 EUR. This could potentially make the property a more attractive investment for buyers willing to take on the renovation challenge. It is advisable to carefully assess the costs of renovation and restoration before making a decision to purchase this property.