CBH MILLY LA FORET

Reference: CBH MILLY LA FORET - 3 Bedroom House - €54,400 (LIFE ANNUITY SALE PURCHASE PRICE 54400 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 407 EUROS)
Location: Sainte-Geneviève-des-Bois, MILLY LA FORET

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.

€54,400 is approximately :

Australian Dollars : $88,926

British Pounds : £49,002

Canadian Dollars : $86,431

Hongkong Dollars : $625,760

Japanese Yen : ¥7,178,344

New Zealand Dollars : $111,872

Swiss Francs : F82,284

US Dollars : $80,805

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

€54,400

Bedrooms	Habitable	Land Size
3	?	700m²

3 Bedroom House - €54,400 (LIFE ANNUITY SALE PURCHASE PRICE 54400 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 407 EUROS) - Location: Sainte-Geneviève-des-Bois, MILLY LA FORET

Paris Ile-de-France, Essonne, Sainte-Geneviève-des-Bois

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

HOUSE IN MILLY LA FORET

Description

milly la foret - in the vicinity of Paris and near Fontainebleau -
a house in life annuity sale
occupied lifelong gentleman seller 78 years old and lady seller 77 years old
typical pavillon with entrance hall - three bedrooms - living room - kitchen - terrace - garage on 700m2 land -
free market value 240.000 euros
rental value of th eproperty 800 euros per month
purchase price 54.400 euros plus life annuity monthly payments until death of sellers whoever the last of 407 euros per month

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 sellers 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 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 incomle to pay tax on until such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfert of property the buyer is required to pay the purchase price
then the buyer/owner will pay life annuities each end of month to sellers bank account

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

value of the property purchased
amount of downpayment
life expectancy of sellers
life annuity is linked to consumers price index and updated once a year

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: 3
Land Size: 700 m²
Terrace

Condition and Utility Information

Condition - New

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.