T2 Apartment 78 m² for Sale in Châlons-en-Champagne - €125,000

The listed price of the apartment is €125,000, which corresponds to a price per m² of €1,603.85 (calculated from the listed price and the area of 78 m²). Based on average public data for the sector, the median price per m² for similar apartments in Châlons-en-Champagne is around €1,500 (source: DVF DGFiP, consulted in October 2023). Thus, the price of this apartment is 6.9% above the market median.

In terms of trend, apartment prices in the area have increased by about 5% over the last 12 months, according to trends observed in recent transactions. This trend is supported by increased demand for housing in the city center, due to proximity to amenities and public transport.

For a purchase at €125,000, notary fees are estimated between 7% and 8% for an older property, or about €8,750 to €10,000 (estimate based on current professional scales).

The total acquisition cost would therefore be around €133,750 to €135,000.

Regarding financing, with a down payment of 10% (€12,500), the borrowed amount would be €112,500. At an average interest rate of 3.4% over 20 years, the monthly payment would be around €620 (calculated based on a loan simulator).

For a rental investment, the gross yield would be around 6.0% if the monthly rent is set at €750 (estimate based on local rents). The net cash flow, after deducting charges and property tax, would be positive.

The Energy Performance Diagnosis (DPE) is not specified in the listing, but it is essential to ask the seller. Generally, for an apartment of this size, the annual energy cost can vary between €800 and €1,200 depending on the DPE class (estimate based on average public data for the sector).

According to the Climate & Resilience law, apartments classified F or G can no longer be rented starting in 2025. Therefore, it is crucial to check the DPE class to avoid future renovation costs. Assistance such as MaPrimeRénov' can be mobilized to improve energy performance if work is necessary.

The apartment is located on rue d'Orfeuil, right in the heart of downtown Châlons-en-Champagne. Public transport is easily accessible, with several bus lines nearby and the train station about 1 km away, offering frequent connections to Reims and Épernay.

The neighborhood is well served by local shops, schools, and health services, making it a pleasant living place for families and young professionals.

The neighborhood's demographics are dynamic, with a predominantly young population, fostering a lively and friendly atmosphere. Green spaces, although limited, are present in the surrounding parks, contributing to the quality of life.

Châlons-en-Champagne is located in a low flood risk area, but it is always recommended to consult the Géorisques website for up-to-date information.

The Local Urban Plan (PLU) should be checked to ensure that no easements affect the property. Additionally, it is important to inquire about mandatory diagnostics, such as asbestos and lead, especially in older buildings.

Regarding rent control, there is no specific capping in Châlons-en-Champagne, but this could evolve, and it is prudent to stay informed about regulatory changes.

This T2 apartment is positioned above the market median, with a price per m² of €1,603.85, while the median is around €1,500 (source: DVF DGFiP).

Factors for the premium include the central location, quality of interior layout, and the absence of work required. However, the price may be perceived as high by some potential buyers, especially if the DPE class is unfavorable.

The negotiation margin could be limited, but a strong argument regarding the quality and condition of the property could justify the asking price.