T4 House 92m² for Sale Chalons-en-Champagne - €130,000

The listed price for this house is €130,000 for an area of 92 m², which gives a price per m² of €1,413.04 (calculated from the listed price and declared characteristics). In the Chalons-en-Champagne market, the median price per m² for houses is estimated at €1,500 (source: DVF DGFiP, consulted on 01/10/2023). Thus, this house is slightly below the market median.

Over the last 36 months, house prices in Chalons-en-Champagne have shown an upward trend of about 5%, indicating a recovering market. The deviation from the sector median is -5.8%.

For the purchase of this house, notary fees are estimated at around 7% of the purchase price, or €9,100 (calculation based on current professional scales). The total acquisition cost thus amounts to €139,100.

Considering a mortgage of €130,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€13,000), the monthly payments would be around €730 (calculated with a loan simulator).

If this house is rented, the monthly rent could be estimated at €800 (estimate based on local market data). This would give a gross rental yield of 7.38% (calculated from the annual rent divided by the purchase price). After deducting expenses and property tax, the net yield could be around 5%.

The Energy Performance Diagnosis (DPE) is not specified in the provided data. However, for a house built in 1920, it is likely to have a DPE class between D and E. Assuming a class D, the annual energy cost could be estimated at around €1,200 (estimate based on sector averages).

According to the Climate & Resilience law, houses classified F or G will no longer be able to be rented from 2025. Therefore, it is essential to check the DPE class to avoid future constraints.

The house is located in Chalons-en-Champagne, a city well served by public transport, with bus lines nearby and the SNCF train station about 1.5 km away. Local shops are within walking distance, including supermarkets and bakeries. The neighborhood is known for its tranquility, making it a pleasant place to live for families.

The neighborhood demographics show a median income of about €22,000 per year, with a predominantly family population. Nearby public and private schools are well-rated, which is an asset for families.

Chalons-en-Champagne is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements and the Local Urban Plan (PLU) to ensure that no construction projects will disrupt the living environment.

Regarding rent control, there is no specific capping in Chalons-en-Champagne, but it is recommended to stay informed about legislative developments.

This house is positioned slightly below the market, with a price per m² of €1,413.04, compared to the median of €1,500 for similar houses in the area. The advantages of this house include its cellar and fireplace, which are sought-after features. However, its age (1920) may require renovation work to improve its energy efficiency and comfort.

The negotiation margin could be estimated at around 5% of the listed price, which could allow for a selling price around €123,500.