PP GIRONDE

Reference: PP GIRONDE - 3 Bedroom House - €79,604 (life annuity sale 79604 euros purchase price plus monthly life annuities 280 euros)
Location: Bouscat, COUTRAS

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€79,604 is approximately :

Australian Dollars : $130,126

British Pounds : £71,705

Canadian Dollars : $126,475

Hongkong Dollars : $915,680

Japanese Yen : ¥10,504,134

New Zealand Dollars : $163,703

Swiss Francs : F120,407

US Dollars : $118,243

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

€79,604

Bedrooms	Habitable	Land Size
3	?	?

3 Bedroom House - €79,604 (life annuity sale 79604 euros purchase price plus monthly life annuities 280 euros) - Location: Bouscat, COUTRAS

Aquitaine, Gironde, Bouscat

This Property is For Sale by FGP CEV
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Highlights

COSY HOUSE AND GARDEN IN THE GIRONDE
VERY RARE VACANT ANNUITY SCHEME FOR IMMEDIATE RENTAL/OCCUPATION WITH SELLERS ANNUITY LOAN

Description

buy yourself a cosy charming house with garden by a pleasant river in the Gironde thanks to a very comfortable life annuity scheme!
this is a vacant life annuity which thing very rare and you can occupy or rent the house immediately on purchase
the life annuity must be paid until the death of the seller
seller lady 64 years old

house on two levels "port du Noyer" - living room with cheminée - three bedrooms - two showerrooms - kitchen and outbuildings - roofspaces - wide garden - by tennis courts - on a pleasant river -
purchase price 79.604 euros and life annuity monthly payments 280 euros per month
market value of the property: 150.000 euros

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 life or for a more limited period
the sellers may relinquish occupation at any time in which case life annuity is increased by a further supplement

WHAT ARE THE ADVANTAGES FOR A BUYER ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price is often modest
rate of the annuity 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 property the Buyer is required to pay the purchase price
the life anuities are then payable at the end of each month by direct swift transfer to sellers account until sellers death
the life annuity is calculated on the following criteria:-
value of the property purchased
amount of downpayment
life expectancy of seller
life annuity is linked to consumers price index and updated once a year

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Features

Bedrooms: 3
Rural
Outbuildings
Tennis court
River

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