TheRentalBug

Self Catering & Long Term Accommodation in Traditional Bulgarian Village Near Stara Zagora & Kazanlak

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Three Bed Villa With Additional Building Plot (Rent to Buy)

Price: 21,000 Euros

 

This villa is only 15 to 20 minutes drive into Stara Zagora and slightly less to Kazanlak.

Downstairs the villa has an entrance hall and a bedroom on the left and a large kitchen/living area with fire place on the right.

There is a small, basic wet room with new electric boiler, toilet and sink and shower.

The kitchen has been recently re-tiled and painted cream. There is a sink with hot and cold water.

The living area has an open fire.

The hall and bathroom have also been redecorated. It is an ideal one bedroom living space for a single person or couple. House trained pets not a problem.

The second floor is accessed by precarious metal stairs, so better to simply use this area as some kind of storage.

There are two rooms on the second floor, one with access to a terrace.

There is a drive way down side of the house for parking a car and a fairly large plot with vines, fruit trees etc. The house also has a 700sqm plot opposite if anyone renting it wants to use this as well and it is included in any sale.

Approach to villa from main road through village.

Front of villa

Downstairs

Upstairs rooms and terrace

Tavern in basement

Views from rear of property towards Balkan mountains

Plot of 700sqm opposite the villa which could be used as a separate building plot.


I have decided to sell this villa so I can concentrate on the two other houses I have just finished renovating in the village.  

Here is a video of the property and plot:

 

FOR SALE - 21,000 Euros

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 21,000 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 1,000 Euros is paid. Rent could be agreed at say 300 Euros/mth, with the villa usually being rented out for 100E/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 21,000 Euros is reduced by the 1,000 Euros deposit, less 6,000 Euros (250 x 24) and the tenant pays the difference of  14,000 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. Or I am happy to divide off the additional plot (depending on cost to do this) and sell just the villa with 800sqm garden for around 19,000E. Please contact me if interested.