T4 Apartment 84 m² for Sale Boulogne-Billancourt - €693,000

The listed price for this apartment is €693,000, which translates to a price per m² of €8,250 (€693,000 / 84 m²). Based on public data from the DVF, the median price per m² for an apartment in Boulogne-Billancourt is estimated at €6,500 (source: DVF DGFiP, 2023). This means that the price of this apartment is 27% higher than the market median. Over the last 12 months, apartment prices in Boulogne-Billancourt have increased by about 5%, indicating a continued upward trend. This property is therefore positioned in the upper segment of the market, justified by its features (balcony, master suite, location).

For a purchase at €693,000, notary fees are estimated between 7% and 8% for an older property, amounting to between €48,510 and €55,440. The total acquisition cost would therefore be between €741,510 and €748,440.

For a 20-year loan at the current average rate of 3.4% with a 10% down payment (€69,300), the amount borrowed would be €623,700. Monthly payments would be approximately €3,700 (calculation based on a loan simulator). The total interest cost over 20 years would be around €170,000.

In terms of rental yield, if this apartment is rented at €2,500 per month, the gross yield would be 4.3% (€30,000 annual rental income / €693,000). The net cash flow, after deducting charges and property tax, could be estimated at €1,500 per month, thus providing an interesting passive income.

The apartment has an energy performance class of D, with an energy consumption of 160 kWh/m²/year. Annual energy costs are estimated between €1,430 and €1,980 depending on usage. According to the Climate & Resilience law, homes rated F or G can no longer be rented starting in 2025, but this apartment will not be affected. To improve the energy performance class, energy renovation work could be considered, with an estimated cost between €10,000 and €20,000. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to reduce this cost.

The apartment is located in the Point du Jour neighborhood in Boulogne-Billancourt, an area known for its tranquility and proximity to shops. The neighborhood is well served by public transport, with metro line 9 nearby (Pont de Sèvres station) and several bus lines. Boulogne-Billancourt train station is also accessible within a 10-minute walk. In terms of shopping, there are supermarkets, bakeries, and restaurants within 500 meters. The neighborhood is also close to quality schools, making it a desirable living area for families. Air quality is generally good, and several green spaces are accessible nearby, contributing to a pleasant living environment.

The Point du Jour neighborhood is classified as a low seismic zone, with a very limited flood risk according to Géorisques data. In terms of regulations, it is important to check the Local Urban Plan (PLU) to ensure that no construction projects would disrupt the living environment. Mandatory property diagnostics must be provided during the sale, including the energy performance rating, risk and pollution status, as well as lead diagnostics if the property was built before 1997. It is also advisable to inquire about any potential easements that could affect the use of the apartment.

When comparing this apartment with other similar properties in the neighborhood, it is positioned above the market median. T4 apartments in the area typically sell for between €6,000 and €7,500 per m². This property, at €8,250 per m², is therefore above the median. Factors contributing to the premium include the presence of a master suite, two balconies, and a prime location. The negotiation margin could be estimated at around 5%, which could allow for acquiring the property around €658,000 if an offer is made quickly.