T1 Apartment 22.24 m² for sale in Chaville - €125,000

The listed price of the apartment is €125,000, for an area of 22.24 m², which corresponds to a price per m² of €5,617.53 (calculated from the listed price and declared characteristics). Based on average public data for the sector, the median price per m² for an apartment in Chaville is estimated at €4,800 (source: DVF DGFiP, consulted in October 2023). This means that the price of this apartment is 17.0% higher than the market median.

Regarding the price trend, Chaville has experienced a 5% increase in real estate prices over the last 12 months, according to INSEE data. This trend may be attributed to the growing demand for housing in urban areas well served by public transport.

The apartment is located in a small condominium, which can be an asset for first-time buyers and investors looking for a property to renovate.

For a purchase price of €125,000, notary fees are estimated between 7% and 8% for an old property, or approximately €8,750 to €10,000 (indicative range based on current professional scales). This brings the total acquisition cost to approximately €133,750 to €135,000.

Regarding financing, with a contribution of 10% (€12,500), the amount to be financed would be €112,500. With an average interest rate of 3.4% over 20 years, the monthly payment would be around €600 (calculated based on an amortizable loan).

For an investor, the gross rental yield can be estimated at 6% if the monthly rent is set at €625 (estimate based on local rents). The net cash flow, after deducting charges and property tax, could be positive, which is attractive for an investor.

The Energy Performance Diagnosis (DPE) is not specified in the listing, but for an apartment of this size and age, one can estimate a DPE class around D, with an estimated annual energy consumption of 250 kWh/m² (estimate based on average public data for the sector). This corresponds to an annual energy cost of approximately €550 (calculated based on the average electricity price in France).

The Climate and Resilience Law imposes rental bans for housing classified F or G starting in 2025. Renovation work to improve the DPE class may be necessary, with an estimated cost between €10,000 and €15,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized to reduce the cost of the work.

The apartment is located near the city center of Chaville, providing easy access to shops, schools, and health services. Public transport is well served, with the Chaville-Rive-Droite train station about a 10-minute walk away, allowing access to Paris in 20 minutes (source: SNCF).

The neighborhood is also characterized by a calm atmosphere, with green spaces nearby, which is an asset for families. The neighborhood demographics show a median income of around €30,000 per year, which is slightly above the national average (source: INSEE).

Chaville is located in a low flood risk area, according to Géorisques data. However, it is important to check the Local Urban Planning Plan (PLU) to ensure that no easements or constraints apply to the property.

Regarding regulations, it is essential to consider the rent control that may apply in the context of a rental investment. Mandatory diagnostics, such as the DPE, must be provided at the time of sale. Buyer rights include a 10-day withdrawal period after signing the sales agreement (source: Consumer Code).