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. The building also has a two-story annex without a basement (used as a party room and WC), a garage, a parking space for a car, and a garden. The main house was built in 1924, with the annex added in 1949. The layout includes corridors, storage rooms, the boiler room, and utility connections in the basement. On the ground floor, there is an entrance hall, storage room, WC, shower room, a room, and the kitchen. The upper floor offers a hallway, a WC, a kitchen, and 3 rooms. The converted attic includes a hallway and 2 rooms. The heating and hot water system is powered by a gas central heating system made by Buderus, around 1981. There is a significant need for maintenance and modernization in all areas, as well as construction defects and damages that have been moderately maintained. Thoughts on Price: The listed price of 700,000 EUR reflects the current market value of the property. However, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 490,000 EUR. Given the condition of the property and the necessary maintenance and modernization required, this discounted price may present a good investment opportunity for potential buyers who are willing to put in the effort to restore and improve the property. Additionally, the property is being sold through a judicial auction, which may offer further advantages in terms of cost savings on notary fees and agency commissions. This property presents a unique opportunity for buyers looking to acquire a spacious family home with the potential for renovation and customization.