11 bedroom House for sale with countryside view with Income Potential in Monflanquin, Nouvelle Aquitaine

1,490,000 EUR 1,281,400 GBP 1,609,200 USD

Reference: 247897

Bedrooms: 11
Bathrooms: 11
Floor Size: 558 m2
Plot Size: 4.84 hectares / 11.95 acres

Features

Quiet Area
Fireplace
Woodland
Private Pool
Garden
Land
Terrace
Countryside View
Potential for Income
Outbuildings
Multiple Dwellings
Good Condition
Parking
Garage

Details

Beautifully renovated 8 bedroom former Mill with separate 3 bedroom guest house and outbuildings, all nestling in nearly 12 acres of glorious land with gardens and expansive pool, enjoying far reaching countryside views from its peaceful location near Monflanquin.

Set in the heart of a lush valley, this enchanting property is the ideal location for a family residence or a tourist activity which could generate substantial income.

It has been tastefully renovated and offers great versatility. It can be split into two. The main house comprises a large kitchen and dining room opening onto a sunny terrace, a living room and 2 bedrooms with en suite shower rooms.

Upstairs are 6 bright bedrooms and 6 shower rooms.

Adjoining the main house is a guest house with a living room and a large kitchen/diner and upstairs there are 3 spacious bedrooms and bathrooms.

As well as the two houses, the property has various outbuildings, including a barn partially converted into a reception room ideal for large family meals or yoga retreats.

The large 12m x 6m swimming pool is set in a peaceful location and surrounded by a large wooden terrace. All around the property are various relaxation areas, allowing one to enjoy the exceptional setting while listening to the trickle of the water.

More than four hectares of grounds complete this charming property, located just a stone's throw from a picturesque hamlet with remarkable architecture and an ancient fortified castle.

The property is at the gateway to the Perigord region and offers the chance to discover many remarkable sites.

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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.