T2 Apartment 24 m² for Sale Marseille - €67,000

The listed price for this 24 m² apartment in Marseille is €67,000, which corresponds to a price per m² of €2,791.67 (calculated from the listed price and the declared area). In the Marseille market, the median price per m² for an apartment is around €3,200 according to DVF (Données de Valeurs Foncières) data from 2023. This places this apartment below the market median by 12.7%.

Over the last 12 months, apartment prices in the 3rd arrondissement of Marseille have shown a slight upward trend, with an increase of about 4% compared to the previous year. However, the trend may vary by neighborhood.

In terms of positioning, this apartment is attractive for investors due to its competitive price and the presence of a tenant in place, ensuring immediate income.

For a purchase price of €67,000, notary fees are estimated between 7% and 8% for an old property, or approximately €4,690 to €5,360 (estimate based on current professional scales). This brings the total acquisition cost to about €71,690 to €72,360.

Regarding financing, assuming a contribution of 10% (€6,700), the loan amount would be €60,300. With an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €353 (calculated based on a loan simulator).

For a rental investment, with an average rent in the area of €600 per month, the gross rental yield would be 10.7% (calculated based on the annual rent divided by the total acquisition cost). The net cash flow, considering estimated charges of €100 per month, would be €253 per month.

The Energy Performance Diagnosis (DPE) is not specified in the listing, but it is essential for assessing energy costs. Generally, for an apartment of this size, annual energy consumption can vary between €600 and €1,200 depending on the DPE class (estimate based on average public sector data).

In the case of renovations to improve the DPE class, costs can range from €5,000 to €15,000, depending on the extent of the necessary work. Aids such as MaPrimeRénov' can be mobilized, offering grants of up to €5,000 depending on income and the type of work.

The apartment is located in the Belle de Mai neighborhood in Marseille, which benefits from good access to public transport, including the T2 tram line and several bus lines. The nearest tram station is about 500 meters away, providing quick access to the city center.

The neighborhood is also close to various shops, schools, and health services, making it attractive for families and young professionals. In terms of quality of life, the neighborhood is relatively quiet despite its proximity to major roadways, thanks to its location at the back of a courtyard.

The Belle de Mai neighborhood is subject to moderate flooding risks according to Géorisques data. It is important to check local regulations regarding construction work and standards.

Regarding the PLU (Local Urban Plan), it is advisable to consult urban planning documents to ensure there are no future projects that could impact the apartment's value. Additionally, mandatory diagnostics must be provided by the seller, including the DPE, risk assessment, and the presence of lead or asbestos if the building is old.

Compared to other T2 apartments in the Belle de Mai neighborhood, this apartment is positioned below the market median, which is around €3,200 per m². Similar 24 m² apartments generally sell between €75,000 and €85,000, indicating a possible negotiation margin for the buyer. The advantages of this apartment include its overall condition, the absence of work required, and the presence of a tenant in place, which is a plus for investors. However, the lack of details on the DPE could be a point of concern.