LF SEZANNE

Reference: LF SEZANNE - 2 Bedroom Cottage - €92,000 (LIFE ANNUITY SALE PURCHAS EPRICE 92000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 537 EUROS/MONTH)
Location: Dammarie-les-Lys, SEZANNE

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€92,000 is approximately :

Australian Dollars : $150,389

British Pounds : £82,871

Canadian Dollars : $146,169

Hongkong Dollars : $1,058,270

Japanese Yen : ¥12,139,847

New Zealand Dollars : $189,195

Swiss Francs : F139,157

US Dollars : $136,656

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

€92,000

Bedrooms	Habitable	Land Size
2	120m²	1200m²

2 Bedroom Cottage - €92,000 (LIFE ANNUITY SALE PURCHAS EPRICE 92000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 537 EUROS/MONTH) - Location: Dammarie-les-Lys, SEZANNE

Paris Ile-de-France, Seine-et-Marne, Dammarie-les-Lys

This Property is For Sale by FGP CEV
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Highlights

BUY YOUR HOUSE BY HISTORICAL PROVINS IN THE TEMPLARS KNIGHTS TREASURE REGION
THIS WONDERFUL COSY COUNTRYHOUSE AND ITS WIDE GARDEN WILL SURPRISE YOU

Description

a truly cosy and charming country house hidden by its garden by Provins in one of the most mysterious and historical regions of France
120m2 house on a garden of 1200m2 - ground floor composed of living room _ kitchen - bedroom - shower room - summer open veranda kitchen - first floor - bedroom and showerroom - two wcs - built 1910 -
occupied lifelong lady seller 74 years old
free market value 240.000 euros
purchase price 92.000 euros plus 537 euros per month

PROPERTY PURCHASE AGAINST LIFE ANNUITY IN FRANCE
people over 70 often seek menas 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
downpayment 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 to the property the Buyer is required to pay the purchase price
then life annuities are paid monthly at the end of the month to sellers bank accuont by swift trabnsfer
life annuity is calculated on following criteria:-

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

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Features

Bedrooms: 2
Habitable Space: 120 m²
Land Size: 1200 m²
Rural
Outbuildings

Condition and Utility Information

Condition - New

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