I just bought the cheapest house in France?

[ogb777]

Hi guys

I’m super excited after stacking gold and silver for a few years I’ve decided to step up my game and purchase my first house.being as I’m 35 and believe the worst of the generations to be born as in the U.K. it’s nearly impossible to purchase a house without a lifetime ridiculously high mortgage which is why I started looking abroad.for the measly sum of £4000 or 4 ounces of gold 😜 I’ve purchased this with the idea of probably spending that amount again and renting it out:

[Gildeon]

Some more details, area etc.?

[ogb777]

6 minutes ago, Gildeon said:

Some more details, area etc.?

In the mayenne area town is called val du maine not far from laval.it has a kitchen,front room toilet,shower 2 bedrooms,’cave’ loft could be easily converted to have 3 extra bedrooms and a bathroom.obviously needs work but for that price I wasn’t expecting a chateau...

 

[ogb777]

Couple more pics:

[Bullionbilly]

Nice buy.

Im 35 too and consider myself the last of the ( relatively ) lucky lot with housing. I bought our 1st house at age 21.

 

[Bullionbilly]

1 minute ago, ogb777 said:

Couple more pics:

I know sweet FA about property abroad but id say 4k is peanuts for that.

[ogb777]

It was up for 10k originally rental seems to be around the £250 mark so hopefully will pay for itself in a couple of years.Wish I would have done the same as you bullionbilly instead of spending all I was earning on flash cars and clothing as you do at that age and having 2 kids by that age didn’t help....

[JunkBond]

Well done sir. 👍

[Bullionbilly]

19 minutes ago, ogb777 said:

It was up for 10k originally rental seems to be around the £250 mark so hopefully will pay for itself in a couple of years.Wish I would have done the same as you bullionbilly instead of spending all I was earning on flash cars and clothing as you do at that age and having 2 kids by that age didn’t help....

Were not miles apart lol... i spent a fortune on petrol and booze 🤣 never been one for clothes you can count my clothes including socks and boxers using 2 peoples hands and toes 😂.

i suppose having our little en at 30 helped alot though.

 

Thats a great pick up. Id be interested to see how it comes along. Keep us posted will you ?

[ogb777]

Yes will definitely keep this updated with costs,pictures etc.only sent back the signed paperwork on Friday and hoping to have keys end of March at the latest.

[stackspot]

Where did you find out about it? 🙂

[Kman]

How long had you been researching/planning to do something like this?

Cool to see someone trying something different, hope it goes well for you 

[ogb777]

I’ve been searching on and off for 2 years and to be honest when I offered less than half the asking pricing I wasn’t really expecting it to be accepted.i used the notaries search to find it:

https://www.immobilier.notaires.fr/en

[AuricGoldfinger]

Id like to pick something up abroad for a cash purchase. Takes a lot of research though and worries me about having a weight around my neck. For 4k well worth a go!

[ogb777]

9 minutes ago, AuricGoldfinger said:

Id like to pick something up abroad for a cash purchase. Takes a lot of research though and worries me about having a weight around my neck. For 4k well worth a go!

Research was key for me checking the area house prices and rental prices.the thing that you have to ask yourself is what you want to do with it.if it’s only to be used as a holiday home and isn’t lived in for 9-10 months things start to degrade quickly when empty.for me renting long term Is the best option.i’ll probably buy another if this goes well and so on....

[mr-dead]

Congrats.

Future silverforum holiday rental - sovereign a week rent will get those 4 oz's back in no time

[SilverTanner]

Great buy, we have been looking overseas to be able to afford a place with some land as even the cheapest parts of the UK are pretty much out of reach - and Mrs ST doesn't do cold and wet!

So can I ask, do you speak French? Languages are not a family strong point which is proving to be a bit restrictive!

[ogb777]

1 minute ago, SilverTanner said:

Great buy, we have been looking overseas to be able to afford a place with some land as even the cheapest parts of the UK are pretty much out of reach - and Mrs ST doesn't do cold and wet!

So can I ask, do you speak French? Languages are not a family strong point which is proving to be a bit restrictive!

Pretty much fluent French as I spent quite a bit of my life there from 5-18 years old.funny enough all the communication with the notaries is in english..

[Bullionbilly]

8 minutes ago, SilverTanner said:

 

So can I ask, do you speak French? Languages are not a family strong point which is proving to be a bit restrictive!

Id not let that hold you back. Learn a few basics and wing the rest !

[shawy2510]

Congratulations on the house

Do you have a house here in the UK or do you rent? Would have thought a house is affordable the further north you go.

[SilverTanner]

6 minutes ago, Bullionbilly said:

Id not let that hold you back. Learn a few basics and wing the rest !

I have travelled a bit for work over the years and can usually get a beer and food almost anywhere!

[ogb777]

I rent in Dagenham East london.average 3 bed house price is around 300k here.i have thought about further north but as another member pointed out it’s also colder wetter and no chance of getting something for 4K 

[shawy2510]

10 minutes ago, ogb777 said:

I rent in Dagenham East london.average 3 bed house price is around 300k here.i have thought about further north but as another member pointed out it’s also colder wetter and no chance of getting something for 4K 

Argh I see, mention London & the price is alot more most average earners couldn't afford a 300k property tbh. I know they wouldn't lend me that kind of £. Just glad I got mine 5yrs ago when I was 24 & had equity to move recently into a bigger house, not London though. 

4k is deffo worth a punt, never imagined you could get that cheap in France. I would be expecting Romania or something for that price.

Silverforum meet in France anyone

[StackinJack]

Nice buy!

We can also start our own G&S comminuty in Italy, no British or Dutch drizzle 😄

https://www.theguardian.com/world/2019/jan/17/italian-town-sambuca-sicily-dozens-homes-for-sale-one-euro

[blackadder]

Nice one