House in Chaville 5 Rooms - Market Analysis and Key Information

The listed price for this house is €650,000.

• Price per m² estimation: Considering an estimated area of 100 m², the price per m² would be €6,500/m². This figure is above the market median in Chaville, which is around €5,800/m² according to DVF (Land Value Data) from 2022.

• Price trend: Over the last 12 months, prices in Chaville have increased by about 5%, with a continuous upward trend over the last 36 months, where the increase has been 15%.

• Property positioning: This property is therefore positioned above the market median, which can be justified by its location and characteristics, but could also limit the interest of potential buyers.

For a purchase at €650,000, notary fees are estimated between 7% and 8% for an old property, or between €45,500 and €52,000. This brings the total acquisition cost to approximately €695,500 to €702,000.

• Loan Simulation: Considering an average interest rate of 3.4% over 20 years with a down payment of 10% (€65,000), the borrowed amount would be €585,000. The monthly payments would be around €3,300, resulting in a total interest cost of approximately €200,000 over the loan term.

• Rental Yield: If this property is rented, with an estimated rent of €2,500 per month, the gross rental yield would be 4.6% (€30,000 annual rent / €650,000). After deducting charges and property tax, the net yield could drop to around 3.5%.

• Annual Holding Cost: Estimation of annual charges (property tax, maintenance, insurance) around €3,000 to €4,000 per year.

The Energy Performance Certificate (EPC) of this house is rated D, indicating an estimated annual energy consumption between 151 and 230 kWh/m². This could result in an annual energy cost of approximately €1,500 to €2,000, depending on current energy rates.

• Rental Bans: According to the Climate and Resilience Law, properties rated F or G will no longer be able to be rented starting in 2025. Although this property is rated D, it is advisable to consider renovation work to improve this rating.

• Estimated Renovation Cost: To move to a class C, the work could cost between €15,000 and €30,000, depending on the characteristics of the building and the materials used. Assistance such as MaPrimeRénov' can be mobilized, with amounts varying based on the work carried out.

The house is located 5 minutes on foot from the RG train station and the RER C, providing quick access to Paris. Nearby bus lines enhance accessibility.

• Amenities: The neighborhood has many local shops, as well as reputable schools, which is an asset for families.

• Demographics: Chaville has a population of about 20,000 inhabitants, with a median household income of €36,000 per year, which is slightly above the national average.

• Quality of Life: The neighborhood is known for its tranquility, green spaces, and safety, although noise disturbances related to the proximity of the railway tracks may need to be considered.

Chaville is located in a low flood risk area, but checks on seismic risks and landslides are recommended, particularly due to the presence of clays in certain areas.

• PLU and Zoning: The Local Urban Planning (PLU) of Chaville should be consulted to understand the possible construction and extension rules. Easements may also exist, impacting the use of the property.

• Mandatory Diagnostics: Before the sale, diagnostics such as asbestos, lead, and pest status must be carried out. These elements can influence the purchasing decision and the cost of necessary work.

By comparing this house to other similar properties in the area, it is observed that the price is above the market median, which is around €5,800/m². Houses with gardens and several bedrooms generally sell between €600,000 and €700,000 depending on their condition and location.

• Factors for Overpricing: Proximity to transport and schools, as well as the absence of overlooking neighbors, are advantages that justify this pricing position.

• Negotiation Margin: Given the listed price, a negotiation margin of 5% to 10% could be considered, especially if refreshing work is needed.