4-room apartment 76 m² for sale Suresnes - €670,000

The listed price for this apartment is €670,000, which is a price per m² of approximately €8,800 (calculated from the listed price and the area of 76.04 m²). For comparison, the median price per m² in Suresnes is estimated at €6,500 (source: DVF DGFiP, 2023). This places this apartment above the market median, indicating a high-end positioning. Over the last 12 months, prices in Suresnes have seen an increase of about 5%, reflecting sustained demand in this sought-after area due to its proximity to Paris and the amenities offered.

Deviation from the median:

• Price per m²: €8,800
• Median: €6,500
• Deviation: +35%

Price trend:

• 5% increase over 12 months.

For the purchase of this apartment, notary fees are estimated at about 7% of the purchase price, which is approximately €46,900 (calculation based on the listed price). The total acquisition cost would therefore be €716,900.

Loan simulation:

• Loan amount: €670,000
• Average interest rate: 3.4% over 20 years
• Personal contribution: 10% (€67,000)
• Estimated monthly payment: €3,800 (calculated with a standard loan simulator).

Gross rental yield:

• Estimated rent for a similar apartment: €2,500/month
• Gross rental yield: 4.5% (calculated based on the annual rent divided by the purchase price).

Annual holding costs are estimated as follows:

• Condominium fees: €2,000
• Property tax: approximately €1,200 (estimate based on sector averages)
• Home insurance: €500
• Maintenance: €300

Total annual: €4,000.

The Energy Performance Diagnosis (DPE) is not mentioned in the source sheet. However, for a renovated apartment, one can estimate a DPE class around C or D.

Estimated annual energy cost:

• Approximately €1,200 (calculation based on average consumption for an apartment of this size).

Available aids:

• MaPrimeRénov': up to €7,000 depending on the work done.
• Energy Savings Certificates (CEE): variable amount depending on the work.

The apartment is located in Suresnes, in immediate proximity to Paris. Public transport is well served:

• Suresnes-Mont-Valérien station 10 minutes on foot (line L to La Défense and Paris Saint-Lazare).
• Bus: several lines nearby, with high frequencies.

Amenities:

• Local shops, supermarkets, schools (nursery and elementary schools within 500 meters).
• Green spaces: Château Park and Town Hall Park nearby, offering relaxation areas.

Demographics:

• Median income in Suresnes: approximately €30,000 per year (source: INSEE, 2021).
• Composition: young and active population, with a high proportion of families.

Suresnes is exposed to flood risks, notably due to its proximity to the Seine. It is recommended to consult the Géorisques site for detailed information on risks specific to the location.

Regulations:

• Architectural and urban heritage protection zone (ZPPAUP): constraints may apply for renovation work.
• Rent control: to be verified according to the law in force at the time of rental.

This apartment is positioned above the market median in Suresnes.

Comparison:

• Similar properties (4 rooms, 70-80 m²): average price of €600,000 to €650,000.
• Advantages: recent renovation, terraces, parking, quiet.
• Disadvantages: price above the median, which may limit the number of potential buyers.