PP GUJAN MESTRAS

Reference: PP GUJAN MESTRAS - 3 Bedroom House - €102,200 (LIFE ANNUITY SALE PURCHASE PRICE 102.200 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 760 EUROS)
Location: Gujan-Mestras, GUJAN MESTRAS

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€102,200 is approximately :

Australian Dollars : $165,885

British Pounds : £91,569

Canadian Dollars : $161,527

Hongkong Dollars : $1,179,947

Japanese Yen : ¥13,780,930

New Zealand Dollars : $209,537

Swiss Francs : F154,532

US Dollars : $152,252

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

€102,200

Bedrooms	Habitable	Land Size
3	100m²	700m²

3 Bedroom House - €102,200 (LIFE ANNUITY SALE PURCHASE PRICE 102.200 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 760 EUROS) - Location: Gujan-Mestras, GUJAN MESTRAS

Aquitaine, Gironde, Gujan-Mestras

This Property is For Sale by FGP CEV
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Highlights

HOUSE IN GIRONDE WITH COMFORTABLE FINANCIAL LIFE ANNUITY SCHEME

Description

buy yourself a house in Gironde by a comfortable life annuity financial scheme
occupied lifelong by old sellers gentleman 86 years old and lady 77 years old

free market value 370.000 euros
purchase price 102.200 euros and life annuity monthly payment until sellers death of 760 euros/month

a house of about 100m2 composed of: entrance hall - double living room and veranda - kitchen fully furbished - two showerrooms - three bedroom - cellar cave - two separated wc - garage - atelier d'artiste 20m2 - back and front garden all around 700m2 "en clos"

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 BUEYR 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 annuities are teh paid at the end of each month directly by transfer into sellers bank account until sellers death

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

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

life annuity is linked to consumers price index and updated once a year
purchase price is often modest
rate of te 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

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Features

Bedrooms: 3
Habitable Space: 100 m²
Land Size: 700 m²
Outbuildings

Condition and Utility Information

Condition - New

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