PP FOURNOLS

Reference: PP FOURNOLS - 3 Bedroom House - €51,200 (LIFE ANNUITY SALE PURCHASE PRICE 51200 EUROS AND MONTHLY LIFE ANNUITY PAYMENTS 410 EUROS)
Location: Clermont-Ferrand, FOURNOLS

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€51,200 is approximately :

Australian Dollars : $83,695

British Pounds : £46,119

Canadian Dollars : $81,346

Hongkong Dollars : $588,950

Japanese Yen : ¥6,756,088

New Zealand Dollars : $105,291

Swiss Francs : F77,444

US Dollars : $76,052

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

€51,200

Bedrooms	Habitable	Land Size
3	?	500m²

3 Bedroom House - €51,200 (LIFE ANNUITY SALE PURCHASE PRICE 51200 EUROS AND MONTHLY LIFE ANNUITY PAYMENTS 410 EUROS) - Location: Clermont-Ferrand, FOURNOLS

Auvergne, Puy-de-Dôme, Clermont-Ferrand

This Property is For Sale by FGP CEV
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Highlights

FREE AND VACANT LIFE ANNUITY
A RARE FINANCIAL SCHEME FOR THIS BEAUTIFUL HOUSE IN CENTRAL FRANCE PUY DE DOME REGION

Description

this is one of the rare vacant and free life annuity products that you can buy and occupy or rent immediately whilst paying a very low purchase price on transfer of title and an annuity until the death of sellers

house is composed as follows:-
groundfloor: entrance hall - living room
first floor: kitchen - shower room - two bedrooms on the garden
second floor: one bedroom - shower room - roofspace
cellar cave
garage
on a garden of 500m2
market value of the property is 160.000 euros
purchase price is 51.200 euros and an annuity to be paid monthly upto sellers death of 410 euros
sellers are: gentleman 60 years old and lady 59 years old

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 avoidings risk associated with traditional investment scheme
the sale against life annuity can be either vacant like in this case (very rare) or occupied (most commonly)

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 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 title of property the buyer pays the purchase price
thence life annuity payments are effected end month on sellers bank account by swift
life annuity is calculated on the basis of the followirng criteria:-

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

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Features

Bedrooms: 3
Land Size: 500 m²
Village

Condition and Utility Information

Condition - New

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