T2 Apartment 28 m² for sale Marseille - €35,000

The listed price for this apartment is €35,000, or approximately €1,250 per m² (calculated from the listed price and the declared area of 28 m²). By comparison, the median price per m² in the Belle de Mai neighborhood is estimated at €2,500 (source: DVF DGFiP, 2023). This means that this apartment is offered at a price 50% lower than the local market median, which could make it an interesting investment opportunity, especially for a rehabilitation project. Over the last 12 months, prices in the area have shown an upward trend of 5% (source: Notaires de France, 2023).

The notary fees for this apartment, estimated between 7% and 8% for an old property, would amount to approximately €2,450 to €2,800 (estimate based on current professional scales). The total acquisition cost would therefore be between €37,450 and €37,800.

For a mortgage of €35,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€3,500), the monthly payments would be around €200 (calculated based on a loan simulator). The total interest cost over the duration of the loan would be approximately €5,000.

In terms of rental investment, if this apartment were rented at €600 per month, the gross rental yield would be 20.57% (calculated on the purchase price), and the net yield, after deducting estimated charges of €150 per month, would be 5.4%.

The DPE of this apartment is not mentioned in the provided data. However, in general, old apartments in the Marseille area can have a DPE class ranging from E to G. Considering a class D, the annual energy cost could be estimated at around €1,200 (estimate based on average public data for the area).

Under the Climate & Resilience law, homes classified F or G will no longer be able to be rented from 2025. It is therefore crucial to check the DPE class before purchase and consider renovation work to improve energy efficiency. Aid such as MaPrimeRénov' may be available to finance this work.

The apartment is located in the Belle de Mai neighborhood, in Marseille (13003). This neighborhood is well served by public transport, with the T2 tram line nearby, allowing quick access to the city center. Additionally, several bus lines serve the area, providing good connectivity.

In terms of amenities, the neighborhood has several local shops, including supermarkets, bakeries, and cafes. Educational institutions are also present, which can be an asset for families. The neighborhood's demographics are diverse, with a young and dynamic population, contributing to the vibrancy of local life.

The Belle de Mai neighborhood is subject to moderate flood risks, according to Géorisques data. It is recommended to consult the Local Urban Planning Plan (PLU) to verify the current construction and development rules.

Regarding rental regulations, it is important to note that if the property is classified F or G on the DPE, it will not be able to be rented from 2025. This represents a potential risk for investors. It is therefore advisable to ask questions about the DPE status and any necessary renovation work.

This apartment is offered at a price of €35,000, or €1,250 per m². In comparison, other T2 apartments in the Belle de Mai neighborhood sell for an average of between €60,000 and €80,000, or approximately €2,500 to €3,000 per m² (source: DVF DGFiP, 2023). This places this apartment below the market median, offering potential negotiation room for buyers. The main advantages of this apartment include its location on the top floor, its brightness, and the potential for customization due to the necessary renovation work. However, the disadvantages include the need for work and uncertainty regarding the DPE class.