BC FAYENCE

Reference: BC FAYENCE - 3 Bedroom Villa - €100,000 (LIFE ANNUITY SALE 100000 EUROS PLUS 650 EUROS LIFE ANNUITY MONTHLY PAYMENTS)
Location: Alpes-Maritimes, FAYENCE

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€100,000 is approximately :

Australian Dollars : $162,314

British Pounds : £89,598

Canadian Dollars : $158,050

Hongkong Dollars : $1,154,547

Japanese Yen : ¥13,484,276

New Zealand Dollars : $205,026

Swiss Francs : F151,205

US Dollars : $148,974

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

€100,000

Bedrooms	Habitable	Land Size
3	?	131m²

3 Bedroom Villa - €100,000 (LIFE ANNUITY SALE 100000 EUROS PLUS 650 EUROS LIFE ANNUITY MONTHLY PAYMENTS) - Location: Alpes-Maritimes, FAYENCE

Provence-Alpes-Côte d'Azur, Alpes-Maritimes

This Property is For Sale by FGP CEV
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Highlights

WONDERFUL VILLA PROVENCALE IN FAYENCE

Description

in the beautiful and provençal town of Fayence a life annuity opportunity
villa on two levels
first level huge living room and cheminée - wc -garage - cellar cave -
first floor 3 bedrooms - bathroom - showerroom - separated wc - terraces in front and on the backside of the villa - 131m2 of garden with trees
free market value 300.000 euros
purchase price 100.000 euros and life annuity monthly payments 650 euros per month
occupied lifelong woman 79 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 risks associated with traditional investment scheme
the sale against life annuity can be either vacant (rare) or occupied (most commonly)
in the later case seller remain livig their house for the rest of their lives or 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 prie
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 pax 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 pay the purchase price
then the buyer has commitment to pay to seller a life annuity monthly payment until sellers death

Life annuity 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
Land Size: 131 m²
Town
Balcony
Terrace

Condition and Utility Information

Condition - New
Water - Mains

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