Income Producing 7 bedroom Manor House for sale with panoramic view in Vieillevie, Auvergne

550,000 EUR 473,000 GBP 594,000 USD

Reference: 243497

Bedrooms: 7
Bathrooms: 6
Floor Size: 500 m2
Plot Size: 0.4 hectares / 0.99 acres

Features

Garden
Private Pool
Air Conditioning
Outbuildings
Potential for Income
Panoramic View
No Neighbours
Parking
Good Condition

Details

A spacious country house full of character features, income potential plus a swimming pool, in a sunny position that offers sweeping views of the mountains and valley with the river just below.

The principle portion of the 500m2 house features a spacious ground floor kitchen with custom cabinetry, large island, arched entry, arched picture window, walk-in larder, two sinks and underfloor heating. There is also a ground floor bedroom with WC and a huge laundry room, shower room, WC and plenty of storage space.
The main first floor includes a large living/dining area, an Inglenook fireplace with large Godin wood stove, an arched alcove (currently used as a library) and bathroom.
Upstairs is a roomy master bedroom with a sitting area, two walk-in closets, an en-suite bathroom with shower, sunken tub, bidet and WC.

The stone property has been a successful rental business for many years.
Attached to the main portion of the house yet with a separate entry for guests with five bedrooms, all with en suite bathrooms.
Adjacent to the five bedrooms, there is a large kitchen/dining area, living room and covered terrace for guests or family and friends.

In addition, there is a one-bedroom studio apartment that requires some finishing which could provide an additional rental accommodation.

Many character features throughout the property including exposed wood beams, wood/tile floors, hand-plastered walls, custom cabinetry and more.
Central heating throughout and some air conditioning units.

The large swimming pool has covered terraces, an equipped summer kitchen and sundeck with more views.
Mature gardens and trees with the sound of the river below.

There is a large stone barn plus workshop. An old chapel is now a greenhouse and there are several potting sheds as the owners are keen gardeners.
Wine press, vegetable garden, outbuildings, fish pond and vegetable garden. Plenty of parking.

Just 10 minutes from villages that offer pharmacies, doctors, banks, schools and shops.
Aurillac airport 40 minutes and Rodez airport is less than hour.
A kayaking/canoeing centre is nearby and the UNESCO village of Conques is not far which makes this property attractive to renters. Motivated sellers.

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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.