T3 Apartment 61 m² for sale Marseille 11 - €259,000

The listed price for this T3 apartment of 61 m² in Marseille 11 is €259,000, which equates to a price per m² of €4,251 (calculated from the listed price and declared area). Based on average public data for the sector, the median price per m² in the 11th arrondissement of Marseille is approximately €3,800. This places this apartment above the market median, indicating a potentially higher valuation due to its features (terrace, garage, impeccable condition). Over the last 12 months, prices in the area have seen an increase of about 5%, with an upward trend supported by increased demand in the neighborhood.

Estimation based on average public data for the sector.

For this apartment, notary fees are estimated between 7% and 8% of the purchase price, or approximately €18,130 to €20,720.

Loan simulation:

• Amount borrowed: €259,000
• Personal contribution: 10% or €25,900
• Amount to finance: €233,100
• Current average interest rate: 3.4%
• Loan duration: 20 years

The estimated monthly payment would be around €1,400.

Annual holding cost:

• Property tax: Estimated based on the sector average, approximately €1,200 per year.
• Condominium fees: Estimated at €1,000 per year.
• Home insurance: Approximately €300 per year.

Total annual costs: approximately €2,500.

The Energy Performance Diagnosis (DPE) is not provided in the source file. However, for an apartment built in 2024, it is reasonable to assume it could achieve an energy class between B and C, corresponding to an estimated annual consumption between 50 and 80 kWh/m².

Estimated annual energy cost:

• For a consumption of 70 kWh/m², the cost could be around €420 per year (calculated based on an average electricity rate of €0.06/kWh).

Available aids:

• In the case of energy renovation work, aids such as MaPrimeRénov' or Energy Savings Certificates (CEE) can be mobilized, with amounts varying from €1,500 to €5,000 depending on the work.

The Valbarelle neighborhood, located in the 11th arrondissement of Marseille, is characterized by a calm and residential living environment. Proximity to amenities (shops, schools, transport) is a major asset for families.

Transport:

• Bus lines B1 and B2 serve the neighborhood, with stops less than 5 minutes on foot.
• The nearest metro station is about 15 minutes by bus.

Amenities:

• Supermarket 500 meters away.
• Nursery and elementary schools nearby.

Demographics:

• The median income in the neighborhood is around €2,200 per month, which is slightly above the Marseille average.

Quality of life:

• Accessible green spaces, with several parks nearby, contributing to a good quality of life.

Potential risks associated with this apartment include:

• Natural risks: The neighborhood is classified as low flood risk according to the Géorisques site.
• Regulation: Check the condominium rules regarding the use of the terrace and any possible restrictions.
• Mandatory diagnostics: Ensure that all diagnostics (lead, asbestos, termites) have been completed and are up to date.
• Rent control: If the purchase is considered for rental investment, it is important to inquire about rent control in the sector, which may vary.

By comparing this apartment with other similar properties in the neighborhood:

• T3 apartments of 60 to 65 m² generally sell between €240,000 and €270,000.
• This property is therefore positioned slightly above the median.

Advantages:

• 10 m² terrace, closed garage, impeccable condition.

Disadvantages:

• Price per m² above the median, which may limit interest for some potential buyers.

Estimated negotiation margin: Due to current demand, a negotiation margin of 3% to 5% could be considered.