2 Apartments in Renovated Villa, 15 minutes from Stara Zagora (Rent to Buy)

Price: 38,000 Euros fully furnished

 Apartments

The ground floor apartment has a large double bedroom, separate shower room and kitchen/living area. The kitchen has a 4 ring hob, toaster, kettle, fridge and is fully equipped. There is a sofa bed for additional guests and a table seating 4.

The upper apartment is accessed by sturdy wide, metal steps but would still be unsuitable for those with difficulty climbing stairs

There is a large balcony running the length of the apartment with lovely views over the garden and fields.

The upper apartment has a large open plan dining and living area with kitchen box. The kitchen is fully fitted with small fridge with freezer compartment, 2 ring electric hob, toaster and kettle plus all plates, pots, pans, glasses, cutlery etc. There is a table that seats four and a sofa that can be pulled out into a small double bed.

In the living area there is a TV with DVD player and a few DVDs to watch and an open fire.

The bedroom is spacious with 2 single beds that can be pushed together to make a double, and a wet room with shower, toilet and sink.

Bedroom Wetroom

Lounge, dining area and kitchen
 

The apartment is well decorated with tiled floors, new PVC windows, new doors and all furniture and kitchen was new in 2006.

The ground apartment leads out onto a large terrace, covered with vines. A BBQ is provided and there is a shed/barn at the back of the house for storage and also a barn at the bottom of the garden

The garden has numerous fruit trees - peaches, apricots, apple, cherries and has been landscaped with paths, patio, grass and bushes.

Internet and satellite TV and a landline are all easily connected. 

Rent To Buy Scheme

The idea behind the scheme is to help tenants who are unable to purchase a property outright get on the property ladder, while being able to settle into their new home properly and for the owner, it secures a purchase, subject to contract. Basically a price is agreed for the property, in this case 38,000 Euros for the villa as it is, fully furnished. The tenant pays a deposit as they would if they were buying the property normally, but this tends to be 5% not 10%. This deposit is basically a payment for the 'option to buy the house at an agreed price' and the money is paid to the owner. A rent is then agreed, which is above the usual market rent and the additional rent paid is used to pay towards the purchase price. Insurance and tax remain the responsibility of the owner until completion. A time limit is set for completion. If at the end of the period the tenant decides not to proceed, then the tenant loses their deposit and any rent paid. However, if they opt to go through with the deal, the purchase price is reduced by the deposit paid and agreed amount of rent. 

So for example in this case a deposit of 1,900 Euros is paid. Rent could be agreed at say 400 Euros/mth, with the villa usually being rented out for 300E/mth. I would then be happy for 250E/mth to go towards the purchase price and agree a time frame of 24 months (or sooner for completion). 

At the end of 24 months, if the tenant agrees to buy, then the agreed price of 38,000 Euros is reduced by the 1,900 Euros deposit, less 6,000 Euros (250 x 24) and the tenant pays the difference of  30,100 Euros for the villa. 

These figures are just an example and a larger deposit or rent could be paid and am happy to discuss options for a scheme over a longer period than 2 years. Please contact me if interested.

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