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REAL ESTATE

French chateau where Richard the Lionheart was slain on sale for €1 million

The French chateau where medieval English king Richard the Lionheart was slain is on sale on France's most popular classified ads website Le Bon Coin for €1 million.

French chateau where Richard the Lionheart was slain on sale for €1 million
Photo: SOPAR
Most people would go to a classifieds site for a second hand sofa, to rent a flat or even find a pet. 
 
But since December 30th, a rather more curious item has been on sale on Le Bon Coin: the Chateau de Châlus-Chabrol.
 
And for the lucky buyer, the castle boasts 15 rooms, a dungeon and a dark past.
 
Located in the Limousin in south-central France, the castle which is on sale for €996,400 has been owned by many important French families, but is most notorious as being the place where legendary English king Richard the Lionheart took his final breath.
 
Alain Brezaudy, the mayor of Châlus said that he wishes to work closely with the new owners, taking advantage of the heritage and historical past to make the castle a 'commercial, economic and touristic project’.
 
Photo: SOPAR
 
And the castle certainly has a rich history. 
 
On the March 24th 1199, Richard the Lionheart arrived with his troops at the castle under the pretence that he was searching for a mysterious treasure hidden there between the 2nd and 4th centuries BC. 
 
However, the fabricated story served only as a pretext for an invasion.
 
Photo: SOPAR
 
Two days later, the king was mortally wounded by a bolt from the crossbow of the knight Pierre Basile. Struck in the left shoulder, at the base of the neck, the bolt caused an infection which took his life on April 6th, 1199.
 
Two anonymous French buyers have come forward and could be the proud owners of this piece of Franco-Anglo history. 

And for the lucky buyer, the castle boasts 15 rooms, a dungeon and a dark past.

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PROPERTY

MAP: Where in France can you buy property for less than €100k?

While French cities such as Paris are notoriously expensive, there are many areas outside the cities where it is still possible to buy spacious homes for less than €100,000 - particularly if you don't mind a bit of renovation.

MAP: Where in France can you buy property for less than €100k?

We decided to look at where in France you could afford a property on a budget of €100,000, and it turns out there are some bargains to be had.

There are a lot of caveats while searching for property, and many local variables in place, but our search does show some of the areas to concentrate on if you have a limited budget.

We used the Notaires de France immobilier website in August 2022, and we specified that the property should have at least five rooms (including kitchen and bathroom) and a floor space of at least 100 square metres.

We also discounted any property that was for sale under the viager system – a complicated purchase method which allows the resident to release equity on their property gradually, as the buyer puts down a lump sum in advance and then pays what is effectively a rent for the rest of the seller’s lifetime, while allowing them to remain in the property.

READ ALSO Viager: The French property system that can lead to a bargain

For a five-room, 100 square metre property at under €100,000, you won’t find anywhere in the Île-de-France region, where the proximity of Paris pushes up property prices. The city itself is famously expensive, but much of the greater Paris region is within commuting distance, which means pricier property. 

Equally the island of Corsica – where prices are pushed up by its popularity as a tourist destination – showed no properties for sale while the region of Provence-Alpes-Côte d’Azur – which includes the French Riviera – showed only 1 property under €100,000.

The very presence of Bordeaux, meanwhile, takes the entire département of Gironde out of this equation – but that doesn’t mean that the southwest is completely out of the running. A total of 25 properties came up in the Nouvelle Aquitaine region. One property was on the market for a mere €20,000 – but it was, as the Notaires’ brochure noted, in need of “complete renovation”.

Neighbouring Occitanie, meanwhile, showed 12 further properties in the bracket.

By far the most properties on the day of our search – 67 – were to be found in the Grand Est region of eastern France. The eastern part of France overall comes out best for property bargains, with the north-east region of Hauts-de-France showing 38 properties and and Bourgogne-Franche-Comté displaying 25.

Further south, however, the presence of the Alps – another popular tourist destination – pushed up prices in the Auvergne-Rhône-Alpes region which showed just three results.

The below map shows our search results, with darker colours indicating more cheap properties.

Property buying tips 

In order to make a comparison, we focused our search on properties advertised online, but if you have a specific area in mind it's well worth making friends with a few local real estate agents and perhaps also the mayor, since it's common for properties not to be advertised online.

Most of the truly 'bargain' properties are described as being "in need of renovation" - which is real estate speak for a complete wreck.

If you don't mind doing a bit of work you can often pick up property for low prices, but you need to do a clear-eyed assessment of exactly how much work you are willing and able to do, and what the cost is likely to be - there's no point getting a "cheap" house and then spending three times the purchase price on renovations.

READ ALSO 'Double your budget and make friends with the mayor' - tips for French property renovation

That said, there were plenty of properties at or near the €100,000 mark that were perfectly liveable or needed only relatively minor renovations.

You also need to pay attention to the location, as the sub-€100,000 properties are often in remote areas or very small villages with limited access to amenities. While this lifestyle suits many people, bear in mind that owning a car is a requirement and you may end up paying extra for certain services.

Finally remember that government help, in the form of loans and grants, is available for environmentally friendly improvements, such as insulation or glazing.

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