3-room apartment 69 m² for sale Suresnes - €450,000

The price of the apartment is €450,000 for an area of 69 m², which corresponds to a price per m² of €6,522. Based on public data from the DVF (Demand for Land Value), the median price per m² for an apartment in Suresnes is approximately €5,500 (source: DVF DGFiP, consulted in 2023). This price is therefore 18.5% higher than the market median.

In terms of trend, apartment prices in Suresnes have increased by about 10% over the last 24 months, indicating a dynamic market. The apartment's features, such as its location in a secure residence and its general condition, contribute to this superior positioning.

Estimation based on average public data from the sector.

For a purchase at €450,000, notary fees are estimated between 7% and 8% for an old property, or approximately €31,500 to €36,000. This brings the total acquisition cost to approximately €481,500 to €486,000.

For a mortgage at an average rate of 3.4% over 20 years with a contribution of 10% (€45,000), the amount borrowed would be €405,000. Monthly payments would be around €2,300 (calculation based on a loan simulator).

In terms of rental investment, considering a monthly rent of €1,800, the gross rental yield would be 4.8%. After deducting charges and property tax, the net yield could be estimated at 4%.

Estimation based on the displayed price and declared characteristics.

The Energy Performance Diagnosis (DPE) is not mentioned in the listing, which is a point to clarify with the seller. Generally, recent apartments in high-end residences may have a DPE rated between A and C.

Assuming a class C, the annual energy cost could be estimated at around €1,200 (estimation based on average public data from the sector).

Regarding renovation aids, if the DPE were below C, programs like MaPrimeRénov' could be mobilized, offering grants of up to €20,000 depending on the work.

Data not available at this date.

Suresnes is well served by public transport, notably by line L of the Transilien, which connects Suresnes to Paris Saint-Lazare in about 15 minutes. Additionally, several bus lines serve the municipality.

The neighborhood where the apartment is located is close to many shops, schools, and green spaces, making it a pleasant place to live. The median household income in Suresnes is approximately €36,000 per year, which is above the national average.

In terms of quality of life, Suresnes benefits from a pleasant living environment with green spaces and low pollution, which is an asset for families.

Source: INSEE, consulted in 2023.

Suresnes is located in a low flood risk area, according to Géorisques data. However, it is important to check mandatory diagnostics, including the energy performance diagnosis (DPE) and the lead diagnosis if the building was constructed before 1949.

The Local Urban Plan (PLU) of Suresnes may also impose constraints on potential work. It is advisable to consult the PLU to know the construction and development rules.

Regarding rent control, Suresnes is not part of tight zones, meaning there is no rent capping.

Source: Géorisques, PLU Suresnes, consulted in 2023.

Compared to other 3-room apartments in Suresnes, the price of this apartment is above the market median. Indeed, similar apartments generally sell between €400,000 and €450,000.

Factors for the premium include the quality of the residence, the general condition of the apartment, and proximity to transport. On the other hand, the absence of mention of the DPE could be a negotiation factor.

The negotiation margin could be estimated between 5% and 10%, depending on the results of the diagnostics and the interest of buyers.

Estimation based on average public data from the sector.