7 bedroom House for sale with Income Potential in Rabastens, Midi-Pyrenees

930,000 EUR 799,800 GBP 1,004,400 USD

Reference: 222667

Bedrooms: 7
Bathrooms: 6
Floor Size: 502 m2
Plot Size: 2.03 hectares / 5.01 acres

Features

Potential for Income
Outstanding View
Garage
Turn Key Good Condition
Balcony
Terrace
Fruit Trees
Tennis Court
Renewable Energy
Possible Extra Dwellings

Details

A spacious and beautifully presented country home, with a total living area of 502m2, set in 5 acres with a swimming pool and stunning views over the surrounding rolling countryside.

Main house, which has been tastefully renovated using quality materials throughout: 5 bedrooms and 4 bathrooms, 2 of which have access to a covered balcony.

Small guest house, which is adjoining the main house: kitchen and living area and a mezzanine bedroom. There is also a studio/workroom.

Crossing the large terrace, there is an independent guest house, again with its own facilities and a bedroom which leads out to another balcony encompassing those wonderful views.

The whole property has been completely renovated with geothermal heating and all modern comforts provided for.

The large grounds have several terraces, both open and covered and a large pool area with a summer kitchen, tennis court, garage plus acres of lawn and an orchard.

This is the perfect property to welcome an extended family and/or exploit as a rental business.

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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.