TASTE THE TRUE FRENCH LIFE

This buy to let residential 17th century house is situated in the Languedoc Rousillon region in a small village with a hundred inhabitants. It is empty and ready to move into. The house is located in a very small village, few kilometres away from Lodeve, which is the sub prefecture of the Herault department. The village is perched on top of a hill and is surrounded by olive trees and vineyards. It is very easy to get to the bigger cities on the Mediterranean Coast such as Sete and Montpellier.



The house is made of old white stone and consists of 3 floors with twelve rooms including seven bedrooms, a bathroom, a cellar and kitchen. This low cost property used to be an old farm, which adds immense character and charm. Each room measures approximately12 sq meters, apart from a bigger room on the 3rd floor. Permission has been granted for the construction of a roof terrace. With its southern exposition, this very bright house has stunning views over the valleys and overlooks the olive trees. The roof and the gutters were redone three years ago. Further renovation work is required.



This typical French estate is ideal as a holiday home or small bed and breakfast. The charming, typical French village offers the perfect change of atmosphere for tourists looking to capture a piece of the "true France". Local letting agencies can help you rent your house on short and long term basis or you can self managed it if you prefer by advertising with your own means. The quiet hilly village is in the best of both worlds - emmersed in the countryside and yet only 40km to the big cities and beaches of the Mediterranean coast.



This is a very moderate risk investment as the price per square meter of the house is far under market price and with further renovations the value will increase significantly. Capital appreciation in the area from October 2005 until September 2006 had increased by approximately +11%. As the prices in Montpellier increase, the locals are now looking to the suburbs to find a house, leading to a substantial increase to the rental market in Lodeve and its surroundings. With a 10% fully refundable deposit, you can easily reserve this charming house.



LODEVE
France, Mediterranean Coast, Lodeve

Chalets / Villas / Estates 180m? to 180m? ?169,060 to ?169,060

Classic - Buy to Let
EXPECTED RENTAL INCOME UP TO: 5.00%