PP ST AUBIN CADELECH

Reference: PP ST AUBIN CADELECH - 1 Bedroom House - €42,000 (LIFE ANNUITY SALE PURCHASE PRICE 42000 EUROS AND MONTHLY LIFE ANNUITY PAYMENTS 510 EUROS )
Location: Bergerac, ST AUBIN DE CADELECH

IFP Currency Converstion powered by FC Exchange

Unrivalled exchange rates.
No fees or commission.
Fast secure currency transfers to anywhere in the world.
Fix exchange rates for up to 2 years.

€42,000 is approximately :

Australian Dollars : $68,656

British Pounds : £37,832

Canadian Dollars : $66,730

Hongkong Dollars : $483,123

Japanese Yen : ¥5,542,104

New Zealand Dollars : $86,372

Swiss Francs : F63,528

US Dollars : $62,386

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

€42,000

Bedrooms	Habitable	Land Size
1	40m²	1085m²

1 Bedroom House - €42,000 (LIFE ANNUITY SALE PURCHASE PRICE 42000 EUROS AND MONTHLY LIFE ANNUITY PAYMENTS 510 EUROS ) - Location: Bergerac, ST AUBIN DE CADELECH

Aquitaine, Dordogne, Bergerac

This Property is For Sale by FGP CEV
Click here to visit this agent's IFP Microsite Click here to find more properties by this agent

Highlights

FREE AND VERY RARE LIFE ANNUITY
BUY A HOUSE FREE FOR RENTAL OR LIVING THROUGH A COMFORTABLE FINANCIAL LIFE ANNUITY SCHEME

Description

you can buy this free property through a comfortable life annuity scheme

built 2008 - chalet style but with real deep foundations unlike chalets - on 1085m2 garden with trees and own closed fences - 44m2 plus veranda space - double glazings - modern high standar definitions - 17.11m2 living room - kitchen - veranda - bedroom 16.86m2 - 1 shower room -
in a small village of 315 inhabitants but very near to Bergerac (only 28 km)

purchase price 42.000 euros plus life anniuty monthly payments 510 euros per month to sellers
lady 84 years old and gentleman 81 years old
at death of first of two sellers life annuity will remain unchanged and entirely payable to the surviving seller

PROPERTY PURCHASE AGAINST LIFE ANNUITY IN FRANCE
people over 70 often seek means to increase their income
they can sell a property "en viager" to a buyer who will pay them an annuity for the rest of their lives
they will receive an income indexed to cost of living for the rest of their lives avoiding risks associated with traditional investment scheme
the sale against life annuity can be either vacant (rare) or occupied (most commonly)
in the latter case seller remains living in the house for the rest of their lives or for a more limted period
the sellers may relinquish occupation at any time in which case life annuity is increased by a furtehr supplement

WHAT ARE THE ADVANTAGES FOR BUYERS ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price is often modest
rate of the anniuty can often be lower than the repayments on a bank loan
no need to manage a let and no income to pay tax on until such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of title the buyer pays the purchase price
then life annuity is paid at the end of each month in sellers bank account

life annuity is calculated on the basis of the following criteria:-

value of the property purchased
amount of purchase price
life expectancy of sellers

Send an enquiry to the vendor to view more information about this property.

Once your enquiry has been sent the vendor will reply as soon as possible.

Features

Bedrooms: 1
Habitable Space: 40 m²
Land Size: 1085 m²
Village

Condition and Utility Information

Condition - New
Roof - New
Heating - Electric

Contact the Vendor

Return to Property Search

If you would like to ask the vendor a question about this property, or request a viewing, please complete the form below:

Want to save time when making an enquiry? Registered users can store their details to automatically complete this form on subsequent visits! Register Here.