Two-bed apartment in French Med resort up for auction at 鈧�3,000
Property is empty and reported to be in reasonable condition
The apartment is in the Mediterranean resort of S猫te
Christian Ferrer / CC BY-SA 3.0
A two-bed apartment in a popular resort on the French Mediterranean coast is up for auction later this month - with bidding set to start at just 鈧�3,000.
Unfortunately for bargain hunters, it is expected that the price will increase rapidly when the home goes under the hammer on May 17. The 50m虏 third-floor apartment in the H茅rault resort of S猫te is reportedly in reasonable condition and is currently empty.
The apartment's previous owners had fallen behind in payments to the building co-proprietors for the upkeep to common areas to the tune of some 鈧�5,300, according to (pdf).
Read more: Copropri茅t茅s: Co-ownership in France explained
The low starting price was the sum 'offered by the prosecutor' handling the debt.
estimated that the property was actually worth in the region of 鈧�134,000 at current market value. It also noted that a one-bed apartment with covered parking is for sale at the same auction with a starting price of 鈧�80,000.
A public viewing of the property, on rue Pierre-S茅mard in the town, will take place on Friday, May 7, at 14:00.
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