5 bedroom House for sale with Income Potential in Nanteuil en Vallee, Nouvelle Aquitaine
This versatile property is found in the heart of Nanteuil en Vallee which has local shops, restaurants, a school, doctors, cafe and more.
Due to the property's stunning location and the fact that all of the guest houses are very well presented, the property lends itself to potentially being a successful holiday let/gite business.
The current owners use the main property for themselves, whist their family use the two guest houses for their...
This versatile property is found in the heart of Nanteuil en Vallee which has local shops, restaurants, a school, doctors, cafe and more.
Due to the property's stunning location and the fact that all of the guest houses are very well presented, the property lends itself to potentially being a successful holiday let/gite business.
The current owners use the main property for themselves, whist their family use the two guest houses for their holidays.
Main house: From the entrance hall it leads off into a fantastic large open living space (with a beautiful stone/travertine floor) where at one end there is a fully fitted/equipped kitchen/diner with an island (all white goods and the range cooker included) and at the other end is a spacious sitting room with a superb grand fireplace/log burner. In addition, on the ground floor there is a utility room, a storeroom and a WC.
Upstairs (stairs off the rear of the kitchen) on the first floor the landing leads a master bedroom with beautiful oak flooring, another room which previously was a bedroom which is currently being used as a large walk-in wardrobe/storage room (with lots of shelving), a good-size family bathroom which has a walk-in shower, a bath, sink and wc.
On the second floor there is a huge bedroom with a superb en suite shower room/WC.
Outside to the rear of the main house there is a courtyard (the entire terrace has recently been replaced) which is a great sun trap with steps leading up to a terraced garden and the superb in ground swimming pool of approximately 8X4m.
Guest house - 1
Comprises an entrance hallway with its own independent access from the village lane and a large storage room to the rear.
From the entrance hallway there is a staircase leading up to an open plan fully equipped and new fitted kitchen/sitting room with exposed stone walls.
On the second floor there is a double bedroom with exposed stone walls, another bedroom (also with exposed stone walls), an office and a shower-room/WC.
Guest house - 2
Studio. Again with its own independent access, this property comprises of a very spacious open plan kitchen/sitting room/bedroom (with a log burner) and a separate shower room/wc. There is also large utility/storage room. The studio also comes with its own private courtyard/garden.
The property benefits from having in total 3 garages and a parking space in front of one of the garages so there is plenty of off-street parking.
In one of the garages there is workshop/boiler room which houses the oil boiler, which was new/installed in 2019.
The property is also connected to the village mains drainage system and all of the 3 houses are double glazed.
Being located in the centre of Nanteuil en Vallee is a huge attribute as the village is absolutely stunning with numerous shops and two fantastic restaurants.
The house is under 45 minutes from Limoges/Poitiers airport which has direct flights back to the UK and other parts of Europe.
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Where is this property?
This House is located in Nanteuil en Vallee 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.