T1 Apartment - 34m² - L ISLE SUR LA SORGUE — 1-room, 34 sqm
Real Estate Available

T1 Apartment 34 m² for sale L'Isle-sur-la-Sorgue - €130,000

At a glance: 1-room · 34 sqm

Brand: Laforêt Marseille 11

€130,000

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by Agence Laforêt Marseille 11

T1 Apartment - 34m² - L ISLE SUR LA SORGUE

In a tourist residence located in immediate proximity to Fontaine-de-Vaucluse, this furnished studio of 34 m² offers an ideal setting for a rental investment. The property features a bright living space including a sleeping area, a living room with a convertible sofa, a fully equipped kitchenette, a bathroom and WC, as well as a private terrace. The residence offers high-end amenities with an outdoor swimming pool and wellness area.

Information

  • Type: REAL_ESTATE
  • Price: 130000€
  • Brand: Laforêt Marseille 11
  • Availability: In stock

Characteristics

  • Rooms: 1-room
  • Surface: 34 sqm
  • Features: swimming pool, terrace, furnished
  • Year Built: 2011
  • Property Type: APARTMENT
  • Transaction Type: SALE
Location
  • City: L ISLE SUR LA SORGUE
  • Postal Code: 84800

Metadata

Market and price analysis

Price per m² and market trend

The listed price for this T1 apartment of 34 m² is €130,000, which corresponds to a price per m² of €3,823.53 (calculated from the listed price and declared characteristics). Based on public data from the DVF (Demand for Land Value), the median price per m² in the L'Isle-sur-la-Sorgue area is approximately €3,200 (source: DVF DGFiP, consulted on 01/10/2023). Thus, the price per m² of this apartment is 19.4% higher than the market median.

Regarding price trends, data shows a 5% increase in prices over the last 12 months in this region, indicating a growing market. This trend is supported by demand for quality real estate in tourist areas like L'Isle-sur-la-Sorgue, close to Fontaine-de-Vaucluse.

Financial simulations

Total acquisition cost

For a purchase price of €130,000, notary fees are estimated between 7% and 8% for an old property, or approximately €9,100 to €10,400 (estimate based on current professional scales). The total acquisition cost would therefore be between €139,100 and €140,400.

Regarding financing, with a contribution of 10% (€13,000), the amount to be financed would be €117,000. Assuming an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €685 (calculation based on the mortgage calculator). The total cost of the loan over 20 years would be approximately €164,000 (total amount repaid).

Rental yield

For a rental investment, if the apartment is rented for €600 per month, the gross rental yield would be 5.54% (calculated from the annual rent of €7,200 divided by the purchase price of €130,000). After deducting charges (estimated at 20% of the rent), the net rental yield would be approximately 4.43%. The applicable taxation will depend on the chosen regime (LMNP or real), but it is advisable to consult an expert to optimize profitability.

Annual holding cost

Annual charges (property tax, maintenance, insurance) are estimated at approximately €1,200 (estimate based on industry averages). This includes an estimated property tax of €800 and condominium fees of €400.

Energy rating

DPE class and consumption

The Energy Performance Diagnosis (DPE) is not specified in the provided data. However, in general, apartments built in 2011 tend to have a DPE class between B and C. If the DPE were rated D, the annual energy cost could be estimated at around €1,000 (estimate based on average public data in the sector).

Regarding renovations, if the DPE were to be improved by one class, renovation costs could vary between €5,000 and €15,000 depending on the necessary work (estimate based on current professional scales). Aids such as MaPrimeRénov' can be mobilized to reduce these costs.

Neighborhood

Transport and services nearby

L'Isle-sur-la-Sorgue is well served by public transport, with bus lines connecting the city to Avignon and surrounding municipalities. The nearest train station is about 5 km away, offering connections to Avignon and Marseille.

In terms of services, the city has many shops, restaurants, and educational institutions. The proximity to Fontaine-de-Vaucluse and tourist sites also attracts many visitors, which can be an asset for seasonal rentals.

Demographics and quality of life

The population of L'Isle-sur-la-Sorgue is approximately 19,000 inhabitants, with a median income per household of about €25,000 per year (source: INSEE, consulted on 01/10/2023). The city is renowned for its quality of life, with many green spaces and a pleasant natural setting. However, the tourist season can lead to increased crowds and noise.

Risks and constraints

Natural risks and regulations

L'Isle-sur-la-Sorgue is located in a flood risk area, according to data from Géorisques. It is advisable to check risk prevention plans before purchasing.

Regarding the PLU, it is important to consult the Local Urban Planning Plan to know the construction and development rules applicable to the property. Mandatory diagnostics (asbestos, lead, termites) must also be provided by the seller.

Market positioning

Comparison with similar properties

This T1 apartment is positioned above the market median, with a price per m² higher than the average observed in the area. Advantages include the presence of a swimming pool, a private terrace, and an equipped kitchen, which are sought-after assets by investors. However, the lack of details on the DPE and flood risks may constitute points of concern for potential buyers.

Frequently asked questions

What are the notary fees for this purchase?

Notary fees for an old property are generally between 7% and 8% of the purchase price, or approximately €9,100 to €10,400 for this apartment.

What is the potential rental yield?

The gross rental yield is estimated at 5.54% if the apartment is rented for €600 per month.

Are there flood risks in the region?

Yes, L'Isle-sur-la-Sorgue is located in a flood risk area. It is advisable to consult risk prevention plans.

What are the estimated annual charges?

Annual charges are estimated at approximately €1,200, including property tax and condominium fees.

What is the DPE of the apartment?

The DPE is not specified in the provided data. It is advisable to request this information from the seller.

What services are nearby?

L'Isle-sur-la-Sorgue has many shops, restaurants, and educational institutions, as well as easy access to public transport.

What work is necessary to improve the DPE?

Renovation costs to improve the DPE can vary between €5,000 and €15,000, depending on the necessary work.

What is the amount of the property tax?

The property tax is estimated at approximately €800 per year for this apartment.

How does rental management work?

It is advisable to use a real estate agency for rental management, to secure income and minimize hassle.

Are there aids available for renovation?

Aids such as MaPrimeRénov' can be mobilized to reduce energy renovation costs.

What is the price per m² in the area?

The median price per m² in the L'Isle-sur-la-Sorgue area is approximately €3,200.

What are the features of the residence?

The residence offers high-end amenities, including an outdoor pool and secure access.

How does the purchasing process work?

The purchasing process involves signing a sales agreement, paying a deposit, and finalizing with the notary.

Are there any restrictions on renting?

It is important to check the condominium regulations regarding short-term or long-term rentals.

What are the benefits of investing in this apartment?

The benefits include good rental yield, an attractive location, and quality amenities.

All tags

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Marseille 11, 13011 Allauch, 13190 Plan-de-Cuques, 13180 Marseille, 13010 la penne sur huveaune, 13821

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