Categories: Business

They buy a house for the price of a car to charge each night at the price of a luxury lodge and make it profitable in 5 years

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In a few weeks, three young people from the Châteaux de la Loire region will finish work on their house bought for next to nothing. Thanks to this purchase, they will be able to enjoy the passage of customers in their luxury gîte for years to come.

“Our father is very handy,” justifies one of the three young people behind the project to the Figaro. Last year, they bought a house that had been abandoned for 15 years for 37,000 euros in Indre-et-Loire. After doing some work themselves, they hope to open their luxury gîte next spring.

“The price of a car”

When they realized that the coveted house was being resold by an association helping disabled people for “the price of a car”, the three young people aged 26 and 30 didn't hesitate for long.

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“After some research, we learned that it had been uninhabited for 15 years and that the previous owner, who had died, had bequeathed it to an association”, they tell our colleagues. “Given the scale of the work”, another buyer had just given up on the project. They jumped at the chance.

“Le Verger des Anges”

This is the beginning of an adventure in this 70 square meter house, and its 730 square meter garden, of which they broadcast the The progress of the renovations on their Instagram account “Le Verger des Anges”. They split the purchase into three, and also invested 25,000 euros for the work.

To convince their banker, they made a promise : in five years, with 100 nights per year, managed by three people, they will have made the investment profitable.

And the gîte is set to evolve. Thanks to their next When they return, they hope to install a spa, which will allow them to increase nightly prices.

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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