House for sale in Koln, Germany

Property description: Semi-detached multi-family house with three apartments, spread over two floors and a basement. The attic is converted, with living spaces ranging between 45 and 59 m², totaling 157 m² of living space and 50 m² of usable space. The building features a single-storey extension, a parking space, and a garden. It dates back to 1925 and was modernized in 1969/90. Heating is provided by a gas central heating system. Please note that a complete interior inspection was only partially possible. The extension of the annex does not have permission. There is a significant backlog of maintenance and extensive need for renovation works. Thoughts on price: The property is currently being auctioned by the local district court, with a traffic value of 370,000.00 EUR. There is a possibility to secure a 30% discount on the traffic value, reducing the price to 259,000.00 EUR. Additionally, notary fees and agency fees are waived. Considering the potential for discount and the need for renovations and maintenance, this property offers an opportunity for investment at a reduced price. It is advisable to thoroughly assess the property's condition and potential before making a purchasing decision.