T5 Apartment 112 m² for Sale in Suresnes - €799,000

The listed price for this apartment is €799,000, which corresponds to a price per m² of €7,125 (calculated from the listed price and the area of 112 m²). Based on data from the DVF (Demand for Property Value), the median price of apartments in the Suresnes area is around €6,500 per m². Thus, this apartment is above the market median by 9.6%.

Over the last 36 months, apartment prices in Suresnes have increased by about 12%, with a continuous upward trend due to the growing demand in this dynamic urban area close to Paris. The features of this apartment, such as its size, elevator, and balcony, contribute to its valuation in the market.

For a purchase at €799,000, notary fees are estimated between 7% and 8% for older properties, or approximately €55,930 to €63,920 (estimate based on current professional scales). The total acquisition cost would therefore be around €854,930 to €862,920.

Considering a loan at an average rate of 3.4% over 20 years with a down payment of 10% (€79,900), the monthly payments would be around €3,800 (calculation based on a loan simulator).

If this apartment is intended for rental, the average rent for a T5 in Suresnes is about €2,800 per month. This would give a gross rental yield of approximately 4.2% (calculated based on the annual rent of €33,600 divided by the purchase price). After deducting charges and property tax, the net yield could be around 3.5%.

The Energy Performance Diagnosis (DPE) of this apartment is not mentioned. However, for an apartment built in 1981, it is likely to be in class D or E. Annual energy costs are estimated between €1,200 and €1,800 (estimate based on average public sector data).

In the case of renovation to improve the energy class, costs can vary between €10,000 and €30,000, depending on the extent of the work. Aids such as MaPrimeRénov' can be mobilized to reduce these costs.

The apartment is located in the heart of Suresnes, immediately close to shops, schools, and transport. The Suresnes-Mont-Valérien train station is about a 10-minute walk away, providing direct access to line L of the Transilien, which connects to Paris Saint-Lazare in 15 minutes. Several bus lines also serve the neighborhood.

The demographics of Suresnes indicate a median income of about €30,000 per year, with a population of around 48,000 inhabitants. The living environment is pleasant, with many green spaces and low pollution.

Suresnes is classified in a low seismic risk zone, with a moderate flood risk according to the Géorisques site. It is important to check the Local Urban Plan (PLU) to know the construction and development rules. Mandatory diagnostics must be provided by the seller, including the DPE, the state of risks and pollution (ERP), and the lead exposure risk report (CREP).

Regarding rent control, Suresnes is not part of tight zones, but it is advisable to inquire about the current rent ceilings if the property is intended for rental.

This T5 apartment of 112 m² is positioned above the market median in the Suresnes area. In comparison, similar apartments (T5, 100-120 m²) sell between €700,000 and €780,000. The advantages of this apartment include its brightness, elevator, and proximity to amenities. However, the high price may be a barrier for some buyers, especially in a market where competition is strong.