T2 Apartment 38 m² for sale Marseille 13011 - €120,000

The listed price for this apartment is €120,000, which corresponds to a price per m² of €3,157.89 (calculated from the listed price and the area of 38 m²).

Comparison with the local market

Based on data from the DVF (Demand for Real Estate Value), the median price per m² for an apartment in the 11th arrondissement of Marseille is approximately €2,800 (source: DVF DGFiP, 2023). Thus, this apartment is above the market median by 12.8%.

Price trend

Over the last 12 months, apartment prices in the La Pomme neighborhood have increased by about 5% (source: Notaires de France, 2023). This trend could be attributed to the growing demand for housing in well-served neighborhoods with good public transport and close to amenities.

For the purchase of this apartment, notary fees are estimated between 7% and 8% for an older property. Taking an estimate of 7.5%, the notary fees would amount to approximately €9,000 (€120,000 * 0.075).

Loan simulation

With an average interest rate of 3.4% over 20 years and a personal contribution of 10% (€12,000), the borrowed amount would be €108,000.

The monthly repayment would be approximately €600 (calculated with a loan simulator).

Annual holding cost

Annual charges (property tax, condominium fees, insurance) are estimated at around €1,500 per year.

Rental yield

If the apartment is rented for €750 per month, the gross rental yield would be 7.5% (€750 * 12 months / €120,000). The net yield, after deducting charges, would be approximately 5% (calculated based on the estimated annual charges).

No data on the DPE is provided in the source file. However, for an apartment of this size and construction era, a DPE class D is a reasonable estimate.

Annual energy cost

Taking an average consumption of 150 kWh/m²/year for a DPE class D, the annual energy cost would be approximately €570 (38 m² * 150 kWh * €0.012/kWh).

Available aids

Potential aids for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), which can cover up to 50% of energy renovation work, depending on eligibility conditions.

The La Pomme neighborhood is well served by public transport, with several bus lines nearby. The nearest metro station is about a 15-minute walk away.

Amenities

The neighborhood has several local shops, schools, and green spaces, making it a pleasant place to live for families and young professionals.

Demographics

The population of the 11th arrondissement of Marseille is approximately 80,000 inhabitants, with a median income of €22,000 per year (source: INSEE, 2021). The demographic composition is varied, with a high proportion of young professionals and families.

The La Pomme neighborhood is classified as a low-risk area for flooding and landslides (source: Géorisques, 2023).

PLU and zoning

The Local Urban Plan (PLU) allows constructions up to 3 stories in this sector, which could influence the property's value in the long term.

Mandatory diagnostics

Energy performance diagnostics, asbestos, and lead must be provided by the seller. It is advisable to check these documents before purchase.