A house for sale in a town in Cher for just 1 euro

To encourage the renovation of homes in the city center and attract new residents, the city of Saint-Amand-Montrond in the Cher department launched the sale of a home for one euro, following a similar initial operation carried out in 2021 Is.

It’s a real estate transaction like any other. To attract buyers and revitalize its town centre, the town of Saint-Amand-Montrond in Cher has decided to sell a house belonging to the municipality for just one euro. A symbolic price that is part of the Regional Revitalization Campaign (ORT).

“The aim of this system is to encourage the renovation of old buildings, reduce the number of vacant dwellings and, above all, to revitalize the city centre,” he said. west france Francis Blondeau, deputy in charge of town planning at the town hall.

The call for applications was launched on 1 April. And, according to the municipality, many people have already expressed interest in this house located in the center of a city with less than 10,000 inhabitants. Its actual price in the market will be around 30,000 euros.

127,800 euro work

According to Ouest-France, the house, approximately 77 square meters long, abandoned for almost twenty years, is spread over two levels, including a kitchen, a living room and toilet on the ground floor, as well as two bedrooms and a bathroom upstairs. The property also has a courtyard of approximately 13 square meters and a garage of 16 square meters.

Just submit one to apply application file Till 15th June. You must not have owned your main residence for two years and on top of that you agree to live in the residence “permanently, for a minimum period of 10 years”. In other words, there is no question of making it your second home.

If it would be necessary to pay only one euro to acquire this house, the notary fee is estimated at 2,500 euros. Above all, the purchase of this house is conditional on the completion of the work, this time estimated at 127,800 euros, if it is entirely carried out by construction companies.

This work must conform to specifications and timetables predefined by the community. Improvement is required in all parameters insulation And electricity especially needs to be rebuilt. Construction on the site should begin no later than May 2025, five months after the signing of the deed of sale, scheduled for January next year.

Subsidy and support from the municipality

Francis Blondeau promises that the municipality is committed to supporting the future owner in his endeavors with “important” subsidies.

Interested candidates will get a chance to go home from May 15. A selection committee will meet in July before the buyer’s choice is confirmed by the municipal council in September.

The town of Saint-Amand-Montrond, located about 45 km from Bourges, had already put a property up for sale in 2021 for one euro. The operation was successful as more than 90 people expressed their interest. The house has found a buyer and its roof has already been re-roofed. All work required for its renovation should be completed in 2025.

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