Income Potential 3 bedroom House for sale with countryside view in La Souterraine, Nouvelle Aquitaine
The house and its outbuildings are situated next to a small river, a bucolic environment, just
2 km from the town. In a quiet location you will feel like you are completely isolated from the world, when in reality you are only a 5 minute drive or 20 minute walk from all the amenities you need.
The property currently has 3 bedrooms, but the accommodation is so flexible that it is possible to create...
The house and its outbuildings are situated next to a small river, a bucolic environment, just
2 km from the town. In a quiet location you will feel like you are completely isolated from the world, when in reality you are only a 5 minute drive or 20 minute walk from all the amenities you need.
The property currently has 3 bedrooms, but the accommodation is so flexible that it is possible to create more or fewer rooms depending on ones needs.
On the ground floor there is an entrance hall with a bedroom to the left. Through doors you access a large living and dining room with a pellet burner and access to the courtyard and the cellar. It is also in this room that the water wheel and transmission devices are located which, historically, gave the driving force to the mill.
On the first floor there is a bedroom, a landing, a living room with a pellet burner and a fully equipped open plan kitchen which opens onto the dining room. The dining room includes a coal fuelled Aga, and there is a clever lift device that can be used to get the sacks of coal from the basement next to the Aga. There is also a separate bathroom and toilet, as well as access to the basement. Off the dining room is another room which can be used as a formal dining room or additional bedroom.
On the second floor there is another bedroom, a mezzanine and a WC.
This property would be ideal as a primary residence for a family, and with its fibre network, working from home would not be a problem. It would also be suitable for carrying out an activity on site, such as painting, yoga or a craft profession. It could also work as a second home.
The water supply can be provided either by mains water or by spring water collected by a tank. Heating is mixed, with pellet stoves, radiators and electric water heaters.
It sits on 1.4 Ha of land with an old millstream, small 1st category river, wetland, spring and pond, meadow and woodland.
There is an SNCF station with 6 daily round trips by direct train to Paris in 2 hours and 40 minutes. Lake Crozant and Saint Pardoux are 30 minutes away. Limoges is a 40 minute drive away. The pilgrimage road of Santiago de Compostela passes at the foot of the house.
The owner has provided a video of the interior and exterior of the property which can be viewed to better appreciate what the property has to offer.
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This House is located in La Souterraine in France
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Buying a Property in France
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.