Income Producing 8 bedroom House for sale in La Redorte, Languedoc-Roussillon

734,500 EUR 631,670 GBP 793,260 USD

Reference: 221866

Bedrooms: 8
Bathrooms: 5
Floor Size: 450 m2
Plot Size: 1,217 m2

Features

Potential for Income
South Facing
Garage
Walk to Amenities
Turn Key Good Condition
Terrace
Air Conditioning
Fireplace
Possible Extra Dwellings

Details

Appealing and versatile Minervois property made up of 2 houses, in a good location close to amenities and the Canal du midi offering the potential of a healthy income.

The two residences are of different ages and have been renovated to a good standard. The main house from the 1930s offers spacious accommodation with 3 en-suite bedrooms plus an additional bedroom. There are 2 living rooms - one with a cosy open fireplace for cooler evenings. A large well equipped kitchen leads onto a terrace, for alfresco dining and laundry/rear kitchen area provides plenty of space if catering for guests. The second property from the 1980s is discretely located in the grounds and is currently split into two apartments with direct access to the pool area. A summer kitchen and various terraces provide privacy for guests. A bright conservatory provides a lovely space for enjoying the garden.
The landscaped grounds feature Mediterranean plants and south facing aspects.
Electric garage entrance and workshop, air conditioning in the bedrooms and a mix of different sources for central heating.

It is well placed for access to many tourist attractions and within walking distance to restaurants and shops.

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France Property Buying Guide

Buying a property in France

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.