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.
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.

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.
It has photovoltaic panels (4.5 kWp) and air conditioning.
There are also two welcoming outdoor areas for relaxing in the fresh air.

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.
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.

deal for building up your property portfolio, preparing for your retirement and helping older people to enjoy theirs better.

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).

Estimated transfer tax: €10,300.