SAINT-GENIS-DES-FONTAINES, Languedoc-Roussillon, Address available on request

Details :- Reference: AGHX-T590211. The property is being sold by a couple, an 85-year-old man and a 76-year-old woman, who will continue to occupy the house for the rest of their lives.<br />The sale price comprises a cash payment of €66,800 (including fees) followed by 96 monthly instalments of €563, i.e. a payment limited to 8 years.<br /><br />Located in Saint-Génis-des-Fontaines (66740), this single-storey house offers around 74 m² of living space in a popular area close to all amenities. It comprises a living room, a kitchen, two bedrooms, a shower room and a bright conservatory, providing a functional and pleasant living space.<br />It has photovoltaic panels (4.5 kWp) and air conditioning.<br />There are also two welcoming outdoor areas for relaxing in the fresh air.<br /><br />For the buyer, this purchase is a profitable and advantageous investment in rental property, with a single occupant (the vendor). You buy this property for €120,848, which corresponds to an immediate discount of 47% on the open market value, while spreading the payment over 8 years without the risk of a life annuity.<br />In the event of early release, such as a move to a retirement home or nursing home, the purchaser recovers full ownership of the house, and can live in it, rent it out or sell it; to compensate the vendor, a monthly life annuity will then be set up equal to 40% of the rental value, i.e. €300/month based on the current rent.<br /><br />deal for building up your property portfolio, preparing for your retirement and helping older people to enjoy theirs better.<br /><br />Property tax and major repairs will be paid by the purchaser. The monthly payment and/or annuity will be indexed each year in line with the rent reference index (IRL).<br /><br />Estimated transfer tax: €10,300.