Lot of 19 parking spaces in Suresnes - €225,000

The listed price for the lot of 19 parking spaces is €225,000, which translates to an estimated price per m² based on available data. In the absence of precise surface area, it is difficult to calculate an exact price per m². However, the average price of parking spaces in Suresnes generally ranges between €15,000 and €25,000 per space, according to DVF (Base de Données des Valeurs Foncières) data for 2022. Based on recent transactions, the average price of parking in the area has seen an increase of about 5% per year over the past three years, indicating an upward trend. In comparison, the median price for parking spaces in similar areas is around €200,000 for a lot of 10 to 20 spaces, placing this lot slightly above the market median.

For the acquisition of this lot of 19 parking spaces, notary fees are estimated between 7% and 8% of the purchase price, which represents approximately €15,750 to €18,000. Adding these fees to the purchase price, the total acquisition cost would range between €240,750 and €243,000.

Regarding financing, with an average interest rate of 3.4% over 20 years and a down payment of 10% (€22,500), the amount borrowed would be €202,500. Monthly payments would be about €1,200, corresponding to a total cost over 20 years of approximately €288,000.

For a rental investment, with an estimated gross yield of 6%, the annual gross rental income would be €13,500 (€225,000 * 6%). After deducting charges and taxes, the net yield could be around 4.5%, resulting in a net income of about €10,125 per year.

Information regarding the DPE (Energy Performance Diagnosis) is not provided for this parking lot. Generally, parking lots are not subject to a DPE, as they do not consume energy significantly. However, it is important to check if any renovation or lighting work is needed, which could incur additional costs. Available aids for energy improvement work are not applicable in this case, given the nature of the property.

The parking lot is located in the heart of Suresnes, in immediate proximity to shops, restaurants, and services. The neighborhood is well-served by public transport, with several bus lines and the Suresnes-Mont-Valérien train station less than a 10-minute walk away, providing direct access to Paris. The demographics of Suresnes are characterized by a population of about 48,000 residents, with a median household income estimated at €40,000 per year, indicating sustained demand for parking solutions in this area. The quality of life is generally considered high, with green spaces and recreational facilities nearby.

The main risks associated with the purchase of this parking lot include fluctuations in real estate prices and parking demand in the neighborhood. It is also essential to check zoning regulations and any easements that may affect the use of the spaces. Furthermore, parking regulations may evolve, which could impact the profitability of the investment. Mandatory diagnostics for this type of property are limited, but it is recommended to ensure that the spaces comply with safety and accessibility standards.

Comparing this lot of 19 parking spaces with similar properties in the area, the price of €225,000 is slightly above the market median, which is around €200,000 for comparable lots. Factors for the premium include the central location and high demand for parking in this neighborhood. Conversely, potential downsides include the need for a high initial investment and the risk of rental vacancy if demand were to decrease. The negotiation margin is estimated at around 5%, given the current demand.