Three-sided villa on a plot of approximately 7 ares.
Basements: various cellars – BUDERUS oil-fired boiler
Ground floor: hall – living room – kitchen – bedroom, study or dressing room – bathroom – garage
First floor: converted loft – 2 bedrooms – bathroom
Property value: €450,000
Legal fees and estate agent’s commission: approximately €85,000
Energy Performance Certificate (EPC): F
Property tax: €1,800 (payable by the seller)
Principles of a life annuity
The seller, aged 86, retains the usufruct of the propertyThe buyer pays a lump sum of €100,000 upon completion and subsequently pays annuities of €2,100 until the seller’s death, but for a maximum of 10 yearsThe annuities are index-linked, with a maximum increase of 3 per cent per annumThe transaction costs include registration fees, notary’s fees, deed costs, mortgage registration and estate agent’s fees.
Please note that banks do not provide loans for life annuity purchases; you must therefore have €185,000 available to complete the transaction.