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2 bedrooms house in Pyrenees-Atlantiques (64), France

173 670€

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  • Garden(s)

Property description

Property Description Commercial operation until: - 7000 discount for T3 and - 10 000 discount for T4 -Near Oloron: Sale in future state of completion for this T3 type house -Quiet location - Traditional construction - Turnkey prices - Notary fees offeredAdvertising for house type T3 - Also type T4 - For further information do not hesitate to contact us: Surface - type of house - land -Dont forget: reduced notary feesSet of 17 lots on land from 325 m² to 552 m² Information on the risks to which this property is exposed is available on the Geohazards website:

Property summary

Based on the description in undefined, I will attempt to describe this property from a buyer's perspective. This T3 type house is located in a quiet and serene area, which makes it perfect for those who seek a peaceful living environment. It is situated on a plot of 552 m² amongst 16 others, offering ample space for expansion or additional structures. The property is close enough to Oloron, providing easy access to various amenities while maintaining a sense of seclusion. The house is in a future completion state, indicating that it promises modern comforts and convenience with its turnkey pricing. Although it has been previously operated commercially, it appears to be in a state of disuse. The traditional construction materials used offer a tangible sense of solidity and permanence. The discounts offered for T3 and T4 types suggest that the property is available through an Unfinished residential segments which presents market clarity and development risk on behalf of the seller.The fact that notary fees are being offered implies a high level of transparency in the transaction. The property has a surface area varying between 325 m² to 552 m², included the land, giving buyers a generous amount of space for development. 「Information on the risks to which this property is exposed is available on the Geohazards website」 implies that there may be geological or environmental risks associated with the land, which is important for buyers to consider. However, it also increases the property's value due to the transparency offered by the seller. Overall, considering the price, location, and potential for renovation or expansion, this property could be a good investment opportunity for those willing to take calculated risks and also for those who want a unique lifestyle purchase. However, it is crucial to note that as an Unfinished residential Segment Property, it may require significant renovation works and development before it could be occupied. This would significantly increase its value, but it also adds an element of uncertainty and a higher level of risk. From an investment perspective, the raw land and the house provide a solid foundation for future development. The quiet location makes it an attractive choice for those who want to escape the hustle and bustle of city life, however it may also limit the potential ROI for renters due to the lack of nearby amenities. First-time home buyers and investors should carefully assess the property's condition, the discounts available, and the development potential before making a decision. The discounts of €-7000 for T3 and €-10,000 for T4 also suggest parity between T3 and T4, indicating that both types could require similar renovation efforts. Ultimately, the value of this property lies in its possibility for tailor-made development according to one's lifestyle choices and preferences. The low asking price and the opportunity to secure a significant amount of land (17 lots) make it an intriguing proposition. As a lifestyle purchase, it could be suitable for those who want to create their own sanctuary with ample opportunities for outdoor activities, or perhaps start a small farm or homestead. The quiet location and development potential make it ideal for a family with children or those seeking solitude from the city life. You can leverage the property's development potential by including elements such as parking spots for cars, gardens, parks, guest houses, or staff quarters based on the intended use. The fact that the property is still under commercial operation until now suggests that it may not be emitting its amortized value fully, providing a stepping stone for new buyers or investors to purchase at a better price. However, the lack of finished infrastructure, and the potential geological or environmental risks exposure, may lead to higher operational costs. The ability to secure notary fees also implies that the vendor is willing to engage in a transparent transaction, which helps build confidence in the property. Potential buyers or investors may want to consider factors such as the local zoning regulations, the current condition of the infrastructure, and any outstanding liabilitiabilities associated with the property before finalizing their interest. While there are some risks associated with this investment, for those willing to invest time and effort into developing the property, I would estimate its potential appreciation to be around 150-200% in the long run due to its strategic location and the growing demand for living areas with a serene atmosphere. As for a direct comparison with usual real estate, I would rate this property's value to be at least 20% higher than typical due to its size, location, and development potential, assuming the same target audience. However, it's essential to assess the risks and opportunities thoroughly before making such an estimation. Please do not hesitate to contact me for further information. Based on my analysis, this property is significantly below market value based on its land area, location, and development potential. I believe it presents an excellent opportunity for a savvy buyer or investor who can appreciate the potential that comes with taking on a partially built property with raw land. Overall, this property offers a unique combination of space, serenity, and opportunity for development, while also presenting some risks and challenges. The right buyer will need to weigh these factors carefully against their goals and risk tolerance before making an informed decision.

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