7 bedroom Chateau for sale with countryside view with Income Potential in Val d'Oire et Gartempe, Limousin

490,000 EUR 421,400 GBP 529,200 USD

Reference: 245698

Bedrooms: 7
Bathrooms: 3
Floor Size: 382 m2
Plot Size: 5.79 hectares / 14.3 acres

Features

Garden
Land
Build Pool
Possible Extra Dwellings
Outbuildings
Countryside View

Details

Newly renovated French chateau, full of charm and character, set in 14 acres of land and providing spacious and versatile living spaces, including a three-bedroom guest house.

The interior of the chateau of 382m2 spans two floors, showcasing exquisite craftsmanship, especially evident in the double-glazed windows and woodwork.
The ground floor boasts a bright hallway leading to a well-equipped kitchen with a central island, an Aga, ample storage and large windows. The dining and living rooms are both generously sized at 25 m2, bathed in natural light from the expansive windows.
The main house on the ground floor also includes a wc, study, craft room and a wine cellar.

To the left of the chateau is a three-bedroom guest house that presents an income-generating opportunity.

Upstairs, a long, well-lit landing leads to the master bedroom with an attached bathroom, another bedroom with a dressing room, and two additional bedrooms, one with its own shower room and another with a dressing room.
On the landing there are also ample hand built wardrobes.

The extensive grounds, spanning over 5 hectares, are accessed through gates and feature large lawns, a field, outdoor dining areas, ample parking, outbuildings, a vegetable garden and picturesque panoramic views.

The nearby small town of Bussiere Poitevine can cater to daily needs, while the larger towns of Bellac and Le Dorat, both within a 20-minute drive, provide far more extensive requirements and have railway stations connecting to Limoges and Poitiers.
Limoges airport, conveniently located just an hour away, ensures easy accessibility to this impressive property.

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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.