5-room house 110 m² for sale Suresnes - €698,000

The displayed price for this house is €698,000, which corresponds to a price per m² of €6,363.64 (€698,000 / 110 m²). Based on average public data for the sector, the median price per m² in Suresnes is estimated to be around €5,500 (source: DVF DGFiP, consulted in October 2023). This means that the price of this house is 15.7% higher than the market median.

In terms of trend, prices in Suresnes have increased by about 10% over the last 24 months, with sustained demand due to proximity to Paris and the quality of life in the municipality.

The property is located in a sought-after neighborhood, which contributes to its positioning above the market median.

For the purchase of this house, notary fees are estimated at around 7% of the purchase price, or about €48,860 (calculation based on the price of €698,000). Thus, the total acquisition cost would be €746,860.

Regarding financing, with an average interest rate of 3.4% over 20 years and a down payment of 10% (€69,800), the amount borrowed would be €628,200. The monthly payments would be around €3,500 (calculation based on a loan simulator).

For a rental investment, if the monthly rent is estimated at €2,800, the gross rental yield would be 4.8% (calculated on the purchase price). After deducting charges and property tax, the net yield could be around 3.5%.

The annual holding cost, including the estimated property tax of €1,500, condominium fees (if applicable), and home insurance, could reach about €3,000 per year.

The house is classified DPE D, indicating moderate energy consumption. The estimated annual energy cost could be around €1,200 (estimate based on the characteristics of the house and current energy rates).

According to the Climate and Resilience Law, homes classified DPE F or G can no longer be rented since 2023, but this house, classified D, is not subject to this prohibition.

To improve the DPE class, energy renovation work could be considered, with an estimated cost between €10,000 and €20,000 depending on the work to be done. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to finance this work.

The house is located in Suresnes, near Puteaux, offering easy access to public transport, notably line T2 which connects Suresnes to La Défense and Paris. The nearest station is about 800 meters away, accessible in 10 minutes on foot.

The neighborhood is well served by local shops, schools (nursery and elementary schools within 1 km), and green spaces, contributing to a pleasant quality of life.

The neighborhood's demographics are favorable, with a median income per household of around €38,000 per year (source: INSEE, 2021). Ongoing urban projects aim to further improve infrastructure and services in the municipality, thus enhancing the appeal of Suresnes.

According to data from Géorisques, the Suresnes area presents a low risk of flooding, but it is important to check local urban planning documents (PLU) for any specific constraints.

The PLU of Suresnes imposes construction and renovation rules, particularly concerning building extensions. It is advisable to consult the PLU to ensure that proposed renovation projects comply with current standards.

Finally, it is essential to take into account the mandatory diagnostics when purchasing, such as the energy performance diagnosis (DPE), lead diagnosis, and termite diagnosis, which must be provided by the seller.

By comparing this house with other similar properties in Suresnes, it is noted that the price per m² is above the market median. For example, 5-room houses in the same area generally sell between €5,500 and €6,200 per m².

This house, with a price per m² of €6,363.64, is therefore above the median. Factors for the premium include the view of Paris, the wooded land, and the quality of life in the neighborhood.

The negotiation margin could be estimated between 5% and 10%, depending on buyer interest and the duration of the sale.