6-room apartment 144 m² for sale in Valence - €835,000

The listed price of the apartment is €835,000 for a surface area of 144 m², which gives a price per m² of €5,802.

Based on DVF (Demand for Property Value) data for Valence, the median price per m² for apartments in the area is around €2,800 (source: DVF DGFiP, consulted in 2023). Thus, the price of this apartment is 107% higher than the market median.

Analyzing price trends over the last 12 months, there has been an increase of about 5% in apartment prices in Valence, which may indicate growing demand in the area.

The positioning of this apartment is therefore in the high-end segment, justified by its features (terraces, quality amenities, location).

For a purchase at €835,000, notary fees are estimated between 7% and 8% for an old property, or approximately €58,450 to €66,800.

The total acquisition cost thus amounts to approximately €893,450 to €901,800.

Considering a loan at an average interest rate of 3.4% over 20 years, with a contribution of 10% (or €83,500), the borrowed amount would be €751,500.

Monthly payments would be around €4,000, including borrower insurance.

For a rental investment, with an estimated rent of €3,500 per month, the gross rental yield would be 5% (calculated on the purchase price). The net cash flow, after deducting charges and taxes, could be estimated at around €1,500 per month, depending on applicable tax conditions.

The energy performance diagnosis (DPE) is not specified in the listing, but for an apartment of this size and quality, one can estimate an energy performance class around C or D.

The annual energy cost could be estimated between €1,200 and €1,800, depending on the equipment and insulation.

According to the Climate & Resilience law, apartments classified F or G will no longer be able to be rented starting 2025. It is therefore crucial to check the DPE class before purchase.

Assistance such as MaPrimeRénov' or Energy Savings Certificates (CEE) could be mobilized for potential energy renovation work.

The apartment is located in the heart of Valence, in immediate proximity to the Place de la République.

Public transport is easily accessible, with several bus lines and the train station less than 10 minutes on foot.

The neighborhood offers a variety of shops, restaurants, and schools, making it attractive for families and professionals.

The demographics of Valence show a median income of around €1,800 per month, indicating a population looking for quality properties.

The quality of life is appreciated, with green spaces nearby and low air pollution.

The Valence area is classified as having a moderate risk for flooding according to Géorisques data.

It is important to check the PLU (Local Urban Plan) to ensure that the property complies with construction and urban planning standards.

Mandatory diagnostics (asbestos, lead, etc.) must be provided by the seller.

Regarding rent control, there is no specific capping in Valence, but it is advisable to inquire about upcoming legislative changes.

Compared to other similar properties in the neighborhood, this apartment is positioned above the market median in terms of price.

6-room apartments in the area generally sell between €3,000 and €4,500 per m², which places this apartment in a higher price range.

Advantages include size, terraces, and high-end amenities. On the other hand, disadvantages could be high maintenance costs and the absence of a specified DPE, which might concern some buyers.