Investment property for sale, Beaufort RBR71541

Barn in Beaufort with Garage and Common Area - €250,000
A unique opportunity in Beaufort for a total price of only €250,000!

Main Features:

Total Area: Includes a garage and a common area, with total transformation potential.
Transformation Project: Possibility to convert the barn into 1 to 2 apartments, offering excellent investment potential.
Advantages of the Area: Located in a peaceful and green neighborhood, the property benefits from proximity to local amenities, including shops, schools, and recreational areas.

For financing a barn transformation project into apartments estimated at €250,000, you can consider several bank financing options:

Real estate loan with renovation extension: It is possible to finance the purchase of the barn and the renovation works in the same real estate loan. Depending on the total amount (purchase + works), the bank may offer advantageous terms, including a competitive interest rate. In this case, an estimate of the renovation costs must be provided, often with quotes from contractors.

Complementary renovation loan: If the real estate loan is already in place for part of the acquisition, a specific renovation loan for €250,000 may complete the financing. This option sometimes comes with a fixed rate, allowing the renovation costs to be repaid over a shorter duration.

Zero-interest loan (PTZ) or other local grants: Depending on the region and project conditions, aids such as PTZ or local renovation grants may be available. These vary according to energy, insulation criteria, or primary residence or rental investment status.

Mortgage financing arrangement or interest-only loan: For investment projects, some banks offer an interest-only loan (where only interest is repaid monthly, with the principal paid at the end of the loan) or a more flexible mortgage loan, especially if you have other properties to pledge as collateral.

Estimation of monthly costs:
For a total financing of €250,000, the monthly repayment will depend on the duration and interest rate. For instance, with an interest rate of 3.5% over 20 years, the monthly cost would be approximately €1,450 for the renovation.

It is recommended to consult a broker to accurately assess your options based on your situation and negotiate the best conditions.

For more information or to schedule a visit, feel free to contact JP Home Sarl on WhatsApp at Tel +352 691700076 or by email at Contact .