3-room apartment 64 m² for sale Puteaux - €529,000

The displayed price for this apartment is €529,000, which corresponds to a price per m² of €8,265.63 (calculated from the displayed price and declared characteristics). In comparison, the median price per m² in Puteaux is around €5,500 (source: DVF DGFiP, consulted in 2023), placing this apartment above the market median by 50%. Over the last 12 months, prices in Puteaux have increased by an average of 3%, according to local real estate market trends. Similar properties in the area show prices ranging from €6,500 to €8,000 per m², indicating that this apartment is positioned in the upper segment of the market.

For a purchase at €529,000, notary fees are estimated at around €39,000 (calculated based on a rate of 7.5% for old properties). The total acquisition cost would therefore be €568,000. Considering a 20-year loan at the current average rate of 3.4%, with a down payment of 10% (€52,900), the monthly payments would be approximately €2,800 (calculated based on a loan simulator). For an investor, the gross rental yield could be estimated at 4% if the rent is set at €2,100 per month, resulting in a net yield after expenses of 3% (estimate based on local rents).

The apartment is classified D according to the Energy Performance Diagnosis (DPE). The annual energy consumption is estimated at 250 kWh/m², which could result in an annual energy cost of around €1,600 (estimate based on an average electricity and gas rate). According to the Climate & Resilience law, apartments classified F or G will no longer be able to be rented from 2025, highlighting the importance of good energy performance. Assistance such as MaPrimeRénov' can be mobilized for energy improvement work, with amounts ranging from €1,500 to €5,000 depending on the work done.

The apartment is located near the town hall of Puteaux, 5 minutes on foot, and the esplanade of La Défense, 7 minutes away. Public transport is well served with metro line 1 nearby, as well as several bus lines. The neighborhood also offers many shops, schools, and health services. The demographics of Puteaux show a median income of around €36,000 per year, which is above the national average. The quality of life is generally considered good, with green spaces and low pollution.

The property is located in an area with low exposure to natural risks, with a low probability of flooding (source: Géorisques). The Local Urban Plan (PLU) of Puteaux imposes rules regarding construction and renovations, which could influence any future work. Mandatory diagnostics must be provided by the seller, including the DPE, asbestos, and lead. The buyer's rights include a 10-day withdrawal period after signing the preliminary sales agreement.

This apartment is positioned above the market median, with a price per m² of €8,265.63, while the median is €5,500. Advantages include an unobstructed view, a balcony, and a central location. Disadvantages could be the DPE classification which may require energy improvement work. The negotiation margin is estimated at around 5% due to current market demand.