T4 Apartment 78 m² for Sale in Châlons-en-Champagne - €110,000

The listed price for this apartment is €110,000, which corresponds to a price per m² of €1,410.26 (calculated from the listed price and declared characteristics). Based on data from the DVF (Database of Property Values), the median price per m² for apartments in Châlons-en-Champagne is approximately €1,500 (source: DVF DGFiP, consulted in October 2023). This property is therefore slightly below the market median, which may represent an advantage for buyers.

Regarding the price trend, data shows a slight increase of about 2% per year over the last 24 months for apartments in this area, indicating a relatively stable market.

Property Positioning:

• Price per m²: €1,410.26
• Median price per m²: €1,500
• Difference: -6% compared to the median

For a purchase at €110,000, notary fees are estimated between 7% and 8% for an older property, or approximately €7,700 to €8,800 (estimate based on current professional scales).

Total Acquisition:

• Purchase Price: €110,000
• Notary Fees (estimated): €7,700 to €8,800
• Total Cost: €117,700 to €118,800

Loan Simulation:

• Amount Borrowed: €110,000
• Interest Rate: 3.4% over 20 years
• Personal Contribution: 10% (€11,000)
• Estimated Monthly Payment: approximately €630 (calculated with a loan simulator).

Rental Yield:

• Estimated rent for a T4 in this area: approximately €750 per month.
• Gross rental yield: 8.18% (calculated from annual rent divided by purchase price).
• Net rental yield: approximately 6.5% after deducting charges and taxes (estimate based on average public sector data).

The Energy Performance Diagnosis (DPE) of this apartment is pending confirmation. However, an estimate based on similar apartments in the area indicates a DPE class of D, with an estimated annual energy consumption of approximately 150 kWh/m².

Estimated Annual Energy Cost:

• Approximately €1,170 (calculated from an average energy price of €0.78/kWh).

Rental Bans:

• According to the Climate and Resilience law, properties classified F or G can no longer be rented starting in 2025.

Available Assistance:

• MaPrimeRénov': up to €7,000 for energy renovation work.
• CEE (Energy Savings Certificates): variable assistance depending on the work performed.

The apartment is located in Châlons-en-Champagne, on the 5th floor of a secure residence with an elevator. The neighborhood is quiet and offers green spaces nearby.

Transport:

• Proximity to the SNCF train station (about 1 km) with connections to Reims and Épernay.
• Bus stops within 300 meters, facilitating access to public transport.

Amenities:

• Nearby shops: supermarket, bakery, pharmacy within 500 meters.
• Schools: several educational institutions nearby, including nursery and elementary schools.

Neighborhood Demographics:

• Median income: approximately €1,800 per month.
• Family composition: many households with children, fostering a family-friendly environment.

The property is located in a low flood risk area, according to Géorisques data.

PLU and Zoning:

• Urban area, allowing for the construction and renovation of housing.
• No known easements affecting the property.

Regulatory Context:

• Rent control: no capping currently in effect in Châlons-en-Champagne.
• Mandatory diagnostics: DPE, lead, electricity, gas to be provided at the time of sale.

This T4 apartment is positioned slightly below the median market price.

Comparables:

• T4 apartment of 80 m² for sale at €120,000 in the same neighborhood.
• T3 apartment of 70 m² at €105,000 nearby.

Factors for Overpricing or Underpricing:

• Advantages: secure residence, elevator, balcony, proximity to shops.
• Disadvantages: high floor without a garden, unconfirmed DPE.

Estimated Negotiation Margin:

• Approximately 5% on the listed price, considering the current market trend.