House for sale in Koln, Germany

Description: One-sided semi-detached single-family house with two floors, basement, and converted attic. The living space is 140 m². The building dates back to the years 1935-1950 and was likely modernized around 1980. Additionally, there is a former commercial building. There is no heating system. The residential house is uninhabitable due to numerous structural defects that require extensive renovation or refurbishment. It is questionable whether this would be economically feasible or if demolition is necessary. It seems unlikely that the residential house can be made usable in a financially viable way, so it is likely that the property will need to be cleared soon. The garden behind the commercial building is overgrown and inaccessible. Price thoughts: Given the extensive renovations needed and the uninhabitable condition of the property, the current asking price of 364,000 EUR seems high. However, there is potential for a significant discount, possibly up to 30% off the market value, bringing the price down to 254,800 EUR. This could make the property a potential investment opportunity for buyers willing to take on the extensive renovation work required. It is important for interested parties to carefully consider the costs involved in bringing the property up to livable standards before making a decision to purchase.