2-room apartment 41 m² for sale Suresnes - €240,000

The listed price for this apartment is €240,000 for 41 m², which corresponds to a price per m² of €5,853.66 (€240,000 / 41 m²).

Comparison with the local market

According to DVF (Demand for Property Values) data, the median price of apartments in Suresnes is around €4,800 per m². Thus, this apartment is above the market median by 22%.

Price trend

Over the last 12 months, apartment prices in Suresnes have increased by about 5%, according to INSEE data. This trend may be attributed to the growing demand for housing in quiet neighborhoods close to Paris, such as Cité-Jardins.

Property positioning

The property is located in a sought-after residential area, which may justify its price above the median. However, it is important to note that the lack of overlooking and brightness are assets that can positively influence the perceived value by buyers.

For a purchase at €240,000, notary fees are estimated between 7% and 8% for an old property, or between €16,800 and €19,200.

Loan simulation

With an average interest rate of 3.4% over 20 years and a down payment of 10% (€24,000), the amount borrowed would be €216,000.

The monthly repayment would be approximately €1,200 (calculated with a loan simulator).

Rental yield

If this apartment is rented, with an estimated rent of €1,200 per month, the gross rental yield would be 6% (€1,200 * 12 / €240,000).

Annual holding cost

Annual charges (estimate) could amount to about €1,200 (condominium fees, insurance, maintenance). The property tax could be estimated at €1,500 per year, bringing the total holding cost to approximately €2,700 per year.

The Energy Performance Diagnosis (DPE) is not specified in the source, but if we consider a class D, energy consumption could be estimated at around 230 kWh/m²/year.

Annual energy cost

With an average energy cost of €0.18/kWh, the annual energy cost would be approximately €1,474 (230 kWh/m²/year * 41 m² * €0.18/kWh).

Rental bans

According to the Climate & Resilience law, properties classified F or G can no longer be rented starting in 2025. Therefore, it is crucial to check the DPE class to avoid future complications.

Available aids

Aids such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized for energy improvement work, with amounts varying according to the work carried out.

The apartment is located near several public transport lines, including the T2 tram and the Suresnes-Mont-Valérien train station, providing quick access to Paris.

Amenities

The Cité-Jardins neighborhood is known for its green spaces, local shops, and educational institutions.

Demographics and quality of life

The population of Suresnes is about 48,000 inhabitants, with a median household income of €36,000 (source: INSEE). The quality of life is generally considered good, with a low crime rate and many cultural and sports activities.

Urban projects

Urban development projects are underway, aiming to further improve infrastructure and services in the neighborhood, which could positively influence property value in the future.

The Suresnes neighborhood is classified as a low-risk area for flooding, according to Géorisques data.

PLU and zoning

It is important to check the Local Urban Plan (PLU) to ensure that no restrictions apply to the property.

Mandatory diagnostics

All property diagnostics must be provided at the time of sale, including the DPE, lead diagnosis, and state of risks and pollution.

Rent control

If the apartment is intended for rental, it is essential to inquire about the rent control in effect in the area, which could influence rental yield.

This apartment is positioned above the market median, with a price per m² of €5,853.66, compared to the median of €4,800 per m².

Premium factors

The advantages of this apartment, such as its brightness, lack of overlooking, and location in a sought-after neighborhood, justify this premium.

Negotiation margin

The negotiation margin may be limited, given that the property is already above the median. However, a reasonable offer could be considered, especially if renovation work is needed.