T2 Apartment 40 m² for sale in Aubagne - €115,000

The listed price for this apartment is €115,000, which corresponds to a price per m² of €2,875 (calculated from the listed price and declared characteristics).

Based on data from the DVF (Demand for Land Value), the median price of apartments in Aubagne is around €2,800 / m². Thus, this apartment is slightly above the market median, which may be explained by its location in the city center and its renovated features.

Analyzing price trends over the last 12 months, there has been an increase of about 5% in prices in the Aubagne area, indicating a growing market. T2 apartments generally sell between €110,000 and €130,000, placing this apartment in a reasonable price range for the area.

For a purchase at €115,000, notary fees are estimated between 7% and 8% for an older property, or about €8,050 to €9,200 (estimate based on current professional scales).

The total acquisition cost would therefore be between €123,050 and €124,200.

Considering a mortgage over 20 years at the current average rate of 3.4%, with a down payment of 10% (€11,500), the amount borrowed would be €103,500. Monthly payments would be around €600 (calculated from current interest rates).

For a rental investment, with an estimated rent of €650 per month, the gross rental yield would be 6.8% (calculated based on annual rent divided by the purchase price). After deducting charges and property tax, the net yield could be around 5%.

The Energy Performance Diagnosis (DPE) is not specified in the information provided. However, for an apartment of this size and age, one can estimate a DPE class around D, with an annual energy consumption of about 200 kWh/m².

Taking this estimate into account, the annual energy cost could be around €800 (calculated based on an average electricity rate of €0.15 / kWh).

Regarding renovations, to improve the DPE class by one level, a budget of €5,000 to €15,000 should be considered (estimate based on average public data in the sector). Aid such as MaPrimeRénov' could be available to reduce this cost.

The apartment is located in the heart of downtown Aubagne, in immediate proximity to shops, restaurants, and services.

Public transport is easily accessible, with the Aubagne train station about a 10-minute walk away, offering connections to Marseille and the surrounding areas.

The neighborhood is dynamic, with a young and active population, promoting a pleasant living environment. The presence of schools and green spaces nearby enhances the attractiveness of this area for families.

However, the noise associated with urban life and population density may be points of concern for some buyers.

Aubagne is located in a low seismic risk area, but it is important to check technical diagnostics for any anomalies.

The PLU (Local Urban Plan) of the city may impose certain constraints on future renovations, particularly regarding the aesthetics of facades and extensions.

Regarding rent regulations, it is essential to inquire about applicable ceilings if the apartment is intended for rental, especially in the current context of rental market regulation.

Finally, it is recommended to check for any easements that may affect the use of the property.

Comparing this apartment to other T2s in the Aubagne area, it is noted that the price per m² is slightly above the market median.

Similar apartments sell between €110,000 and €130,000, placing this apartment in a competitive range.

The advantages of this property include its central location, quiet courtyard exposure, and recent renovations. However, the absence of an elevator and limited size may be drawbacks for some buyers.

The negotiation margin could be estimated at 5% due to current market demand.