Project 5 bedroom House for sale in Perpignan, Languedoc-Roussillon

998,000 EUR 858,280 GBP 1,077,840 USD

Reference: 241992

Bedrooms: 5
Bathrooms: 1
Floor Size: 1,020 m2
Plot Size: 400 m2

Features

Original Features
Possible Extra Dwellings
Outbuildings
Potential for Income
South Facing
Parking
Good Condition
May Require Improvement

Details

Offering huge potential as a renovation project are these 4 character buildings with South facing garden, located near all amenities in Perpignan.

This property complex opens onto a courtyard, and are composed of a Maison de Maitre of approximately 210m2 with garden and patio. The ground floor includes an elegant entrance hall leading to a double living room, an office, a kitchen overlooking a side courtyard, 5 bedrooms, a bathroom, plus WC, all to be updated. •

A semi detached property is the 2nd house of approximately 160m2 to be totally renovated, comprising on the ground floor two beautiful rooms with vaulted ceilings and a patio, then the first floor includes 3 rooms (33m2, 42m2, 38m2).

There is a cellar of approximately 350m2 to renovate and a barn with an approximate footprint of 300m2 to renovate.

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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.