3-room apartment 70 m² for sale Puteaux - €449,000

The listed price of the apartment is €449,000 for a surface area of 70 m², which is a price per m² of €6,414 (calculated from the listed price and declared characteristics).

In the Puteaux market, the median price per m² for an apartment is around €5,800 (source: DVF DGFiP, consulted in 2023). This means that this apartment is above the market median by 10.5%.

In terms of trend, apartment prices in Puteaux have increased by about 3% per year over the last two years, with a slight stabilization observed recently.

Property positioning:

• Advantages: Proximity to La Défense, two terraces, bright apartment.
• Disadvantages: Price above the median, potential need for refreshment work depending on the general condition.

For the purchase of this apartment, notary fees are estimated at around 7.5% of the purchase price, or approximately €33,675 (estimate based on current professional rates).

The total acquisition cost would therefore be €482,675 (€449,000 + €33,675).

Loan simulation:

• Amount borrowed: €449,000
• Personal contribution: 10% or €44,900
• Amount to finance: €404,100
• Current average interest rate: 3.4% over 20 years
• Estimated monthly payment: €2,236 (calculated with a loan simulator).

Gross rental yield: If this apartment is rented, with an estimated rent of €1,800/month, the gross rental yield would be 4.8% (calculated based on the annual rent of €21,600 divided by the purchase price).

The Energy Performance Diagnosis (DPE) is not mentioned in the source sheet, but it is essential to ask the seller for it.

Estimated annual energy cost:

• If the DPE is classified as D, the energy cost could be around €1,200 per year (estimate based on average public sector data).

Rental bans:

• According to the Climate and Resilience law, homes classified as F or G can no longer be rented since 2023. It is therefore crucial to check the DPE class of this apartment.

Available aids:

• Aids such as MaPrimeRénov' may be available for energy renovation work, with amounts ranging from €7,000 to €20,000 depending on the work done.

The apartment is located in Puteaux, near La Défense, one of the main business hubs in France.

Transport:

• Puteaux train station is about a 10-minute walk away, providing direct access to Paris via the RER A.
• Several bus lines also serve the area, facilitating travel.

Amenities:

• The Les Quatre Temps shopping center is nearby, offering numerous shops, restaurants, and services.
• Schools and healthcare facilities are also within walking distance.

Demographics:

• The median income in Puteaux is around €36,000 per year (source: INSEE, 2021), indicating relatively high purchasing power.

Puteaux is located in an urban area with low flood risks, but it is advisable to consult the Géorisques data for detailed information.

PLU and zoning:

• The Local Urban Plan (PLU) of Puteaux should be consulted to understand the possibilities for future modifications of the property.

Mandatory diagnostics:

• It is essential to request the mandatory diagnostics (asbestos, lead, termites) from the seller before the purchase.

Rent control:

• If the apartment is intended for rental, it is important to check the current rent ceilings in the municipality.

Compared to other 3-room apartments in the Puteaux area, this apartment is above the median in terms of price.

Median price for similar properties:

• About €5,800 per m², or a total price of about €405,000 for a 70 m² apartment.

Factors for premium pricing:

• Proximity to La Défense, two terraces, general condition.

Estimated negotiation margin:

• Due to high demand in the area, the negotiation margin could be limited to 5-10%.