Income Potential 5 bedroom House for sale in Gaillac, Occitanie
In very good condition, the property comes with a lovely adjacent cottage that, due to its layout, could be used as an extension to the main house.
There is also a beautiful swimming pool, all set in a garden from which a large building plot could be created if desired.
For those with children, the school bus stops right in front of the house.
1. General Features
Main House: 230 m2
Independent Gite: 60 m2
Construction: Limestone / Partly earthen flooring
Joinery: PVC double glazing
Heating: Oil-fired with a recent boil...
In very good condition, the property comes with a lovely adjacent cottage that, due to its layout, could be used as an extension to the main house.
There is also a beautiful swimming pool, all set in a garden from which a large building plot could be created if desired.
For those with children, the school bus stops right in front of the house.
1. General Features
Main House: 230 m2
Independent Gite: 60 m2
Construction: Limestone / Partly earthen flooring
Joinery: PVC double glazing
Heating: Oil-fired with a recent boiler (heating + hot water)
Renewable Energy: Solar panels for resale: Income between EUR1,600 and EUR2,000/year
2. Land and Exteriors
Landscaped garden including vines, weeping willow, fruit trees, etc.
Well with pump
5x10 m chlorine swimming pool, liner replaced 4 years ago, with safety barrier
Mechanical gate with electrical system pending
3. Main House - Room Details
Ground Floor:
Entrance
Contemporary kitchen opening onto the dining room with a wood-burning stove
Living room of approximately 40 m2, partially unroofed, mezzanine, 2 French doors
Laundry Room
Living Space Storage
WC with washbasin
Shower room
Upstairs:
Mezzanine overlooking the living room
3 bedrooms (wooden floor)
Office with storage
Separate dressing room
Separate wc
Bathroom (shower + bathtub)
Convertible attic
4. Independent gite (Independent meter and water heater)
Kitchenette to be converted
Living room with bay window
WC + shower room
Upstairs: 2 bedrooms with skylights
5. Items to note
Mechanical gate (electricity connection required)
Solar panel income (electricity sales between EUR1,600 and EUR2,000 per year)
Partially buildable land
Old structure (stone/raw earth) with modern renovations
Oil-fired central heating and wood-burning stove (dual system)
Double glazing
Property tax: EUR1,928.
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Where is this property?
This House is located in Gaillac in France
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Buying a Property in France
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.