3-room apartment 51 m² for sale Nanterre - €295,000

The price of the apartment is €295,000 for an area of 51 m², which translates to a price per m² of €5,776. According to data from the DVF (Land Value Database), the median price per m² for an apartment in Nanterre is approximately €4,500. This price is therefore 28% higher than the market median, which can be justified by its proximity to La Défense and surrounding amenities. Over the last 12 months, apartment prices in Nanterre have increased by about 5%. This trend is supported by the growing demand in the region, particularly due to the attractiveness of La Défense, which is nearby.

For a purchase at €295,000, notary fees are estimated between 7% and 8%, or approximately €20,650 to €23,600. Taking an average of 7.5%, this results in a total of €22,125. Thus, the total acquisition cost amounts to €317,125.

For a loan of €295,000 over 20 years at an average rate of 3.4%, with a down payment of 10% (€29,500), the monthly payment would be around €1,685. The total interest cost over the loan term would be approximately €45,000.

In terms of rental yield, if this apartment is rented at an average price of €1,200 per month, the gross yield would be 4.9% and the net yield after charges (estimated at 20% of rents) would be 3.9%.

The energy performance rating of the apartment is classified as E, with planned insulation work expected to improve it to a rating of D. The annual energy cost is estimated at around €1,200, based on average consumption for an apartment of this size. Available aid for energy improvement work may include MaPrimeRénov', which offers subsidies ranging from €1,000 to €7,000 depending on income and the work carried out.

The apartment is located on rue Sadi Carnot in Nanterre, close to La Défense, providing easy access to public transport. Nanterre-Ville station is about 10 minutes on foot, with frequent trains to Paris. Bus lines are also accessible nearby. In terms of shopping, several supermarkets and shops are located within 500 meters. The environment is also family-friendly, with primary and secondary schools nearby, as well as green spaces such as André Malraux Park.

The Nanterre area is subject to flood risks, although the property is located outside the highest risk zones according to the Georisques map. Regarding the PLU (Local Urban Plan), the property is in zone U, which allows for construction and renovations under certain conditions. Mandatory diagnostics must be provided, including the energy performance rating and the condition of electrical and gas installations. It is also important to check for any easements on the property.

By comparing this apartment with other similar properties in the Nanterre area, it positions above the market median. 3-room apartments in the same area generally sell between €4,200 and €4,800 per m². This property, at €5,776 per m², is therefore 20% above the median. Factors for the premium include proximity to La Défense and amenities. The negotiation margin is estimated at around 5%, given the current demand in the market.