Property summary
Very good investment opportunity over a limited occupancy period: in the case of an occupied forward sale , the seller benefits from a Right of Use and Housing (Duh) for a limited period: 10 years maximum by the current owner. Center Rive Droite - Residential and quiet area. You do everything on foot! P2 cabin type apartment on the 1st floor including an entrance hall, living room with kitchen area, 1 bedroom, 1 closed cabin with window, bathroom, separate Wc, loggia. Located 100 m from the beach, the fishing port and the canal. Prox. Shops (including Super U, Lidl). Few charges. Sold unfurnished. This 42 m2 apartment is estimated at 161,550? in occupied market value, i.e. 3,846 ?/m2 while the median price in the town is 4,500 ?/m2. This is a first saving of ?27,450. Thanks to this occupation limited to 10 years, you receive from the start a discount of 36.5% on the value of the property. This amounts to receiving monthly rent for 10 years of 491? net of tax (unlike a traditional rental investment where the tax on rental income is most heavily imposed) and without any risk. This is a 2nd saving of 58,966? ! You can purchase it for only 102,584? (no agency fees) by paying: - a starting capital of 60,000? (day of sale) , - a monthly payment of 355? / month for 10 years (120 months). This seller credit of 42,584? saves you around 10,000? additional (compared to a bank loan). It’S the 3rd economy! The distribution of the price between the capital and the monthly payments can be discussed, as can the duration of occupation. It is also possible to consider a single payment without monthly payments. You therefore save: - 27,450? before occupancy discount thanks to a competitive estimate compared to the local average - 58,966? thanks to the occupancy discount (net discount, no agency fees to add) - 10,000? thanks to the seller's credit over 120 months (compared to a bank loan) - 4,000? approximately on the 'Notary fees' because the latter are calculated on the purchase price ( 4th economy ). Or around 100,000? savings! You buy at a discounted price, a one bedroom cabin in the most popular district of Grau-du-Roi. -- Investment to own at the end of 6, 10 years (or flexible depending on your project) , a main, rental or secondary base. No uncertainty, fixed price, maximum occupancy fixed from the start. . Advantages: A medium/long term investment Acquiring real estate at a significantly reduced price The acquisition of real estate at your own pace and without recourse to bank credit At the end of the period fixed in advance, build up capital and additional income to prepare for retirement Very advantageous taxation : The buyer invests in a very favorable tax framework in the case of an occupied sale (he receives no income since the housing tax (Duh) is paid in the form of a discount on the price of 'purchase) The buyer is responsible for: property tax, excluding household waste the Trustee's fees in the event of the sale of a condominium apartment building insurance major works: facade renovation, roof renovation? Thus, the distribution of charges and repairs between the seller and buyer is mainly modeled on rental law. Co-Ownership of 71 lots, Annual charges: 434 euros To visit without delay. Contact: Philippe Bardy
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Price 60,000 €
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Reference:
72455-162746
Number of mandate: 72455
Professional property listing
Agency: Philippe BARDY
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