Lovingly Maintained 6 bedroom House for sale with panoramic view in Montgaillard, Midi-Pyrenees

499,000 EUR 434,130 GBP 494,010 USD

Reference: 214172

Bedrooms: 6
Bathrooms: 3
Floor Size: 250 m2
Plot Size: 0.33 hectares / 0.82 acres
Work Required: None
Swimming Pool
Gite / Annex / Additional Accommodation
Income Potential
Garage(s)
Parking space(s)

Details

Grand and spacious house which is full of character and charm, with a total living area of 250m2 which is set out over 4 levels, plus a separate cottage, set within a large mature gardens of 3,300m2, located in a quiet setting in Montgaillard and with panoramic views towards the Pyrenees.

Currently running as a very successful guest house features include:
Main house, with large windows and decoration of excellent quality: fitted kitchen, large living area and a dining room, 5 bedrooms, many of which open onto a balcony with breathtaking views and 2 bathrooms all of which are finished to a high standard.

There is a nice big garden with mature pines and a swimming pool. There are 2 driveways to the property and space to park several cars.

The house is in excellent condition and would make a fantastic family home as well as continued as a B&B business.

There is also a separate 1 bedroom cottage under renovation and almost completed. A buyer could finish the cottage to their own tastes.

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France Property Buying Guide

Guide to the French Buying Process

1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent. Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.

2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.

3. On Completion
Generally it will take around two or three months to complete the purchase. During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.