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

403,000 EUR 318,200 GBP 399,600 USD

Reference: 246755

Bedrooms: 7
Bathrooms: 3
Floor Size: 297 m2
Plot Size: 0.84 hectares / 2.07 acres

Features

Details

Very nicely presented and renovated 7 bedroom property with swimming pool set in over 2 acres in the heart of the Dordogne Valley, full of character and with income potential.

The stone house dates back in part to the Sixteenth Century and offers seven bedrooms, large reception rooms, delightful character features, an independent stone barn, pool and large garden.

This classic French house has a long and interesting past as an Auberge providing refuge to travellers through the centuries.
The house is ideally laid out to continue as a business if desired, but is equally suitable as a large family home with spacious rooms spread over three floors and independent access to the first floor rooms, if required.

The well presented property has retained many of its original character features including a lovely polished stone floor in the dining room, beautiful woodwork in the salon and a delightful vaulted room currently serving as a very stylish office.
The top floor offers a 30 metre room currently used as a games room which could serve as an additional bedroom suite or very large home office area.
The building appears to have been well maintained.

Outside the stone barn is fully independent of the house and could offer additional accommodation opportunities (subject to permissions).

The large garden has been very well planted with mature trees and the swimming pool is not overlooked.
The garden opens onto a wooded area and to countryside beyond, giving a real feeling of space and rural living, despite the property's proximity to the bustling town of Souillac - ideal for shopping and travel connections.
The property is set back from a main road and there is traffic, however once through the gates this large stone house is private and surprisingly peaceful.
Properties of this size and charm in a village location are hard to find and this one is absolutely worth a visit.

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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.