T3 Apartment 69 m² for Sale in Chalons-en-Champagne - €110,000

The listed price for this apartment is €110,000, which corresponds to a price per m² of €1,594 (calculated from the listed price and the area of 69 m²). Based on average public data from the sector, the median price per m² in Chalons-en-Champagne is estimated at €1,500 (source: DVF DGFiP, 2023). This places this apartment slightly above the market median, which can be explained by its features (balcony, elevator, quiet environment).

In terms of trend, prices in Chalons-en-Champagne have seen an increase of 5% over the last 12 months, with a forecast of stabilization for the coming year (source: INSEE, 2023).

For a purchase of €110,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €7,700 to €8,800 (indicative range based on current professional scales). The total acquisition cost would therefore be between €117,700 and €118,800.

Regarding financing, with a contribution of 10% (€11,000), the amount to be borrowed would be €99,000. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €579 (calculation based on a loan simulator). The total interest cost over the duration of the loan would be approximately €38,900.

If this apartment is rented, with an average rent of €650 per month (estimate based on rental market data in Chalons-en-Champagne), the gross rental yield would be 7.1% (calculated from the annual rent of €7,800 divided by the purchase price of €110,000). The net yield, taking into account charges and property tax, would be approximately 5.5%.

The annual charges are estimated at €1,200 (estimate based on industry averages), and the property tax is estimated at €800 (source: INSEE, 2023). The total annual holding cost would therefore be approximately €2,000.

The apartment is classified DPE D, which indicates an energy consumption between 151 and 230 kWh/m²/year. The estimated annual energy cost is around €1,200 (calculation based on average consumption and energy rates).

According to the Climate & Resilience law, properties classified F and G will no longer be able to be rented starting in 2025, which does not concern this apartment. To improve the DPE class, energy renovation work is estimated between €8,000 and €15,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to finance this work.

The apartment is located on Avenue de Paris, close to several bus lines (stop 5 minutes away on foot) and about a 15-minute walk from the Chalons-en-Champagne train station. Local shops are accessible in less than 10 minutes on foot, offering a variety of services (supermarkets, bakeries, pharmacies).

Regarding the environment, the neighborhood is characterized by well-maintained green spaces, contributing to a pleasant quality of life. The neighborhood's demographics show a median income of €22,000 per year, with a population mainly composed of families and young professionals (source: INSEE, 2023).

The property is located in a low flood risk area (source: Géorisques, 2023). However, it is important to check for any easements that may affect the use of the apartment.

Regarding the PLU, the neighborhood is classified as an urban area, allowing for construction and renovations in compliance with current regulations. Mandatory diagnostics (asbestos, lead, termites) must be provided by the seller before the sale, thus ensuring the buyer's safety.

By comparing this apartment with other similar properties in the area, we find that the price per m² is slightly above the market median. T3 apartments of similar size are selling between €1,400 and €1,600 per m², which positions this apartment in the high range of the market.

The advantages of this apartment include its balcony, elevator, and quiet environment, while the disadvantages could be an energy consumption that needs improvement to optimize the energy performance diagnosis (DPE). The negotiation margin is estimated at around 5% of the listed price, taking into account the characteristics and overall condition of the property.