Authentic 11 bedroom House for sale with countryside view in Monesties, Midi-Pyrenees

399,000 EUR 343,140 GBP 430,920 USD

Reference: 236361

Bedrooms: 11
Bathrooms: 11
Floor Size: 412 m2
Plot Size: 1,074 m2

Features

Potential for Income
Countryside View
Parking
Garage
Good Condition

Details

Unique opportunity to acquire a 3 storey spacious village house with garden and parking, enjoying countryside views from its location near all amenities in the heart of Monesties.

This substantial property is situated in one of the most beautiful villages in France close to Albi and Cordes-sur-Ciel. It offers potential as a large family home across three floors (suitable for multi-generation living) or a range of commercial uses.

The ground floor comprises, amongst numerous additional storage and service areas, three large multi-function rooms of 57m2, 85m2 and 72m2, in addition to a professional kitchen of over 45m2.

On the first floor is a further large open plan area of some 34m2, a 2 bedroom apartment and a further 1 bed apartment of 39m2 (to be completed), along with 3 hotel style en-suite bedrooms.

The second floor requires refurbishment and currently comprises 5 further en-suite bedrooms.

A separate area of land opposite provides valuable private parking and
there is a garage.

Rodez airport is about 75km away, and Toulouse airport some 110km.

A viewing is essential to appreciate the quality of the refurbishment, the volumes, and the sheer range of options any buyer might have.

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France Property Buying Guide

1. Signing the Agreement (Compris)

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.

The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.

Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.

2. Paying the Deposit

Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.

3. On Completion

Generally it will take around two or three months to complete the purchase.

During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.