3-room apartment 80 m² for sale in Puteaux - €599,000

The price of the apartment is €599,000 for an area of 80.01 m², which corresponds to a price per m² of €7,487 (calculated from the displayed price and declared characteristics).

Based on DVF (Demand for Property Values) data, the median price per m² for an apartment in Puteaux is approximately €6,500 (source: DVF DGFiP, 2023). This means that the price of this apartment is 15% higher than the market median.

In terms of trend, apartment prices in Puteaux have increased by about 5% over the last 12 months, according to INSEE data. This trend may be influenced by the growing attractiveness of the city, particularly due to its proximity to La Défense and Paris.

In summary, this apartment is positioned above the local market, which can be justified by its unique features such as its location on the 23rd floor, unobstructed view, and brightness.

For a purchase price of €599,000, notary fees are estimated between 7% and 8% for an older property, or approximately €41,930 to €47,920 (indicative range based on current professional scales).

The total acquisition cost would therefore be between €640,930 and €646,920.

Regarding financing, assuming a down payment of 10% (€59,900), the loan amount would be €539,100. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €2,800 (calculated based on a loan simulator).

The gross rental yield, if the apartment were rented, could be estimated at 3.5% (source: INSEE), or an annual rent of approximately €20,965 (calculated based on the displayed price). The net cash flow, after deducting charges and property tax, would need to be assessed based on specific charges.

The Energy Performance Diagnosis (DPE) is not specified in the source sheet. However, for an apartment of this size and construction era, one can estimate an energy performance class between C and D.

The annual energy cost could be estimated between €1,200 and €1,500 (estimate based on average public sector data).

Regarding renovations, if the DPE is indeed rated D, it may be necessary to invest between €10,000 and €20,000 to improve energy performance to a C level, depending on the work to be done (indicative range based on current professional scales).

Assistance such as MaPrimeRénov' could be mobilized to reduce the cost of the work.

The apartment is located in Puteaux, in immediate proximity to public transport. The Puteaux train station (line L) is accessible in less than 10 minutes on foot, providing direct access to Paris Saint-Lazare.

Additionally, several bus lines serve the area, facilitating travel.

In terms of amenities, the neighborhood has many shops, schools, and green spaces. The proximity to the Seine quays also offers recreational opportunities.

The neighborhood's demographics are dynamic, with a median household income of approximately €38,000 (source: INSEE, 2021).

The quality of life is generally considered good, with a low crime rate and good access to health services.

Puteaux is located in a low-risk area for flooding, according to Géorisques data. However, it is important to check for any easements and the Local Urban Plan (PLU) to ensure that no construction project will alter the view or quality of life.

Regarding regulations, there is no rent control in Puteaux, but it is essential to stay informed about legislative developments, particularly concerning the DPE, which could prohibit the rental of properties rated F or G starting in 2025.

Mandatory diagnostics must also be provided during the sale, including the DPE, lead diagnosis, and state of risks and pollution.

This apartment is positioned above the market compared to comparable properties. Indeed, similar apartments in the area generally sell between €6,000 and €6,800 per m².

Factors for the premium include the unobstructed view, high floor, and brightness. Conversely, elements such as the absence of a specified DPE and the high acquisition cost may be negotiation points.

The negotiation margin could be estimated between 5% and 10% depending on buyer interest and competing offers.