COSY AND CHARMING ANCIENT MANSION

Reference: LF ETANG LA VILLE - 3 Bedroom Country house / Manoir - €110,000 (life annuity downpayment plus monthly payments)
Location: Yvelines, etang la ville

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€110,000 is approximately :

Australian Dollars : $179,813

British Pounds : £99,085

Canadian Dollars : $174,768

Hongkong Dollars : $1,265,323

Japanese Yen : ¥14,515,034

New Zealand Dollars : $226,212

Swiss Francs : F166,383

US Dollars : $163,393

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

€110,000

Bedrooms	Habitable	Land Size
3	80m²	600m²

3 Bedroom Country house / Manoir - €110,000 (life annuity downpayment plus monthly payments) - Location: Yvelines, etang la ville

Paris Ile-de-France, Yvelines

This Property is For Sale by FGP CEV
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Highlights

ETANG LA VILLE CHARMING PROPERTY
ANCIENTLY BELONGING TO THE CASTLE
COSY ANCIENT MANSION NEAR PARIS

Description

ETANG LA VILLE - not far from Versailles - Yvelines department - in the former area of the local ancient castle charming and cosy ancient maisonette - about 80 m2 and about 600 m2 garden all around - composed of three bedrooms - one living room - bathroom - separated wc - living room -
life annuity sale 110.000 euros plus life annuity monthly payments 795 euros per month - occupied by gentleman 86 years old and lady 82 years old lifelong

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 investments scheme
the sale against life annuity can be either vacant (rare) or occupied (most commonly)
in the latter case seller remain living their house for the rest of their life for a more limited period
the seller 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 required 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 and bill of sale the buyer is required to effect the initial downpayment
the balance is payabl monthly in the form of life annuity which is calculated on the basis of 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
Habitable Space: 80 m²
Land Size: 600 m²
Village
Golf

Condition and Utility Information

Condition - Restored / Habitable

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