Income Producing 8 bedroom Farmhouse for sale with countryside view in Lauzerte, Midi-Pyrenees

498,750 EUR 428,925 GBP 538,650 USD

Reference: 247037

Bedrooms: 8
Bathrooms: 4
Floor Size: 260 m2
Plot Size: 4.2 hectares / 10.39 acres

Features

Garden
Land
Woodland
Private Pool
Equestrian Facilities
Fireplace
Original Features
Possible Extra Dwellings
Outbuildings
Potential for Income
Rentable Accommodation
Countryside View
Quiet Area
Parking
Traditional Style
Good Condition
May Require Improvement

Details

Charming farmhouse with gites set in over 10 acres of land in a peaceful situation at the end of a private lane, in the heart of the countryside, with swimming pool, equestrian facilities woodland and meadows.

This tastefully renovated farmhouse and outbuildings consists of main 3-bedroom private house which is currently being renovated, as well as two adjoining gites with 5 bedrooms and 4 shower rooms in excellent condition.
The accommodation looks out over the attractive swimming pool.

In addition, the equestrian facilities include a lunging ring, grass arena, and stabling for horses.
The property is set in over 4 hectares of woodland and pasture.

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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.