T3 Apartment 60 m² for sale Marseille 13008 - €370,000

The price of the apartment is €370,000 for an area of 60 m², which gives a price per m² of €6,166.67 (€370,000 / 60 m²). Based on data from the DVF (Demand for Real Estate Value), the median price per m² for an apartment in the 8th arrondissement of Marseille is around €4,500 to €5,500 depending on the neighborhoods. The apartment is therefore positioned above the market median, which can be explained by its modern features and its private garden of 107 m².

Over the last 12 months, apartment prices in the area have shown an upward trend of about 5% compared to the previous year, indicating sustained demand for real estate in this area.

Estimation based on average public data from the sector.

For an apartment at €370,000, notary fees for a new property are estimated between 2% and 3%. Taking an estimate at 2.5%, the notary fees would amount to approximately €9,250 (€370,000 * 0.025). The total acquisition cost would therefore be €379,250.

For a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€37,000), the borrowed amount would be €333,000. The monthly payments would be approximately €1,900 (calculated with a loan simulator).

Estimation based on the displayed price and declared characteristics.

If the apartment is rented, with an estimated rent of €1,500 per month, the gross rental yield would be 5% (€1,500 * 12 months / €370,000). Taking into account charges and property tax, the net yield could drop to about 4.5%.

Estimation based on rental market data in the area.

The apartment is classified DPE D, indicating an estimated annual energy consumption of about 150 kWh/m². The annual energy cost would therefore be approximately €900 (60 m² * 150 kWh/m² * €0.1 per kWh).

With the Climate & Resilience law, properties classified F or G can no longer be rented starting in 2025. The apartment, being classified D, will not be affected by these prohibitions.

To improve the DPE class to C, energy renovation work is estimated between €10,000 and €15,000, with available aids like MaPrimeRénov' covering up to 80% of the costs.

Estimation based on current professional scales.

The apartment is located in the Veille Chapelle neighborhood in Marseille (13008). This neighborhood is well served by public transport, with the M2 metro line nearby and several bus lines. The distance to the nearest beach is about 1.5 km, making it attractive for seaside enthusiasts.

The neighborhood also offers local shops, schools, and green spaces, contributing to a good quality of life. The median household income in this area is about €25,000 per year, which is slightly below the Marseille average.

Estimation based on demographic data and local infrastructure.

The Veille Chapelle neighborhood is subject to moderate flood risks, according to Géorisques data. It is recommended to check technical diagnostics and any easements before purchase.

In terms of regulations, the PLU (Local Urban Plan) of Marseille should be consulted to know about upcoming urban projects in the area.

Mandatory diagnostics (asbestos, lead, termites) must also be provided by the seller.

Data based on local regulations and natural risks.

Compared to other 60 m² apartments in the 8th arrondissement of Marseille, this apartment is positioned above the median, which is around €5,000 to €5,500 per m². The advantages of this apartment include its private garden and its new condition, while the disadvantages may include the higher price compared to other similar properties.

The negotiation margin could be limited, given the current demand in the area.

Estimation based on market data and characteristics of comparable properties.