T5 Apartment 109 m² for Sale in Châlons-en-Champagne - €162,000

The listed price for this apartment is €162,000, which translates to a price per m² of €1,484.50 (calculated from the listed price and declared characteristics). In the Châlons-en-Champagne market, the median price per m² for similar apartments is estimated at €1,600 (source: DVF DGFiP, 2023). This places this apartment below the market median, which may represent an opportunity for buyers. Over the last 12 months, apartment prices in the region have seen a slight increase of 2.5% (source: Notaires de France, 2023).

This T5 apartment stands out for its generous area of 109 m² and its location on the ground floor. Although it is below the median price, it offers attractive features such as an elevator and a cellar, which may appeal to families or individuals looking to avoid stairs. The residence is secure and well-maintained, which is an additional asset for potential buyers.

For a purchase at €162,000, notary fees are estimated between 7% and 8% for an older property, amounting to approximately €11,340 to €12,960 (estimate based on current professional scales). The total acquisition cost would therefore be between €173,340 and €174,960.

With a down payment of 10% (€16,200), the amount to be financed would be €145,800. At an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €843 (calculated from current average rates). The total cost of the loan over 20 years would be around €202,000, including interest.

If this apartment were rented out, with an estimated rent of €1,200 per month (estimate based on local market prices), the gross rental yield would be 8.89% (calculated based on the purchase price). After deducting charges and property tax, the net yield could be around 6%.

The Energy Performance Diagnosis (DPE) is not provided in the data, but it is crucial for assessing annual energy costs. Generally, for an apartment of this size, the annual energy cost could be estimated between €1,000 and €1,500 (estimate based on average public sector data).

In the case of renovation work to improve energy performance, several aids can be mobilized, such as MaPrimeRénov' and Energy Savings Certificates (CEE). Amounts may vary, but an indicative range would be from €1,500 to €5,000 depending on the planned work.

The apartment is located in the heart of Châlons-en-Champagne, close to public transport, including bus and tram lines. The train station is accessible in less than 15 minutes on foot. Amenities such as supermarkets, schools, and health centers are also nearby, enhancing the attractiveness of this property for families.

The population of Châlons-en-Champagne is approximately 45,000 inhabitants, with a median household income of around €1,800 per month (source: INSEE, 2023). The neighborhood is known for its tranquility and green spaces, offering a pleasant living environment. Urban projects are underway to further improve accessibility and services in the city.

Châlons-en-Champagne is located in a low flood risk area, but it is recommended to consult the Géorisques data for precise information on natural risks. No significant seismic risk is reported in the region.

It is important to check local regulations regarding work and modifications to the apartment, particularly concerning the PLU (Local Urban Planning Plan). Mandatory diagnostics must also be provided during the sale, including the DPE, asbestos, and lead if applicable.

This T5 apartment is below the median market price, which can be an advantage for buyers. Compared to other 3-bedroom apartments in the area, with prices ranging from €170,000 to €190,000, this apartment offers good value for money. Factors of overpricing include the security of the residence and proximity to amenities.

Given that the price is below the median, a negotiation margin could be considered, especially if renovation work is needed. A negotiation of 5% to 10% could be reasonable, depending on the overall condition of the property.