T5 Apartment 103 m² for Sale Nogent-sur-Marne - €499,000

The price of the apartment is €499,000 for an area of 103.05 m², which gives a price per m² of €4,843/m² (calculated from the displayed price and declared characteristics). On the Nogent-sur-Marne market, the median price for an apartment is around €4,500/m² (source: DVF DGFiP, 2023). The apartment is therefore positioned above the market median, which can be justified by its features (terrace, parking, desirable neighborhood).

Over the last 12 months, apartment prices in Nogent-sur-Marne have seen an increase of about 5% (source: INSEE, 2023). This trend could continue due to the growing demand in the sector, particularly for properties offering outdoor spaces and modern amenities.

For a purchase at €499,000, notary fees are estimated between 7% and 8%, or about €34,930 to €39,920 (indicative range based on current professional scales). The total acquisition cost would therefore be between €533,930 and €538,920.

Considering an average interest rate of 3.4% over 20 years and a down payment of 10% (€49,900), the borrowed amount would be €449,100. Monthly payments would be around €2,500 (calculated based on current rates and loan characteristics).

If this apartment is rented, with an estimated rent of €2,000/month, the gross rental yield would be 4.8% (calculated based on annual rent divided by the purchase price). The net yield, after deducting charges and property tax, could be estimated at 4%.

The apartment has an EPC rated E with a consumption of 153.3 kWh/m²/year. The annual energy cost is estimated between €1,490 and €2,030 (estimate based on average public data in the sector).

To improve the energy class, aids such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized. Amounts vary but can reach up to €10,000 depending on the work done.

The apartment is located near the RER A, with a station about 10 minutes on foot. The Port de Nogent neighborhood is known for its banks of the Marne, green spaces, and local shops. Schools are also well-rated, making it attractive for families.

The population of Nogent-sur-Marne is about 31,000 inhabitants, with a median income per household of €2,500/month (source: INSEE, 2023). The neighborhood is appreciated for its tranquility and infrastructure, contributing to a high quality of life.

According to the Géorisques site, the Nogent-sur-Marne area presents a low risk of flooding. However, it is advisable to check technical diagnostics regarding the condition of the building and any potential easements.

The apartment must comply with the Climate & Resilience law standards, particularly regarding energy performance. Mandatory diagnostics must be provided at the time of sale, including the EPC, risk assessment, and living area.

Compared to other T5 apartments in the neighborhood, this property is positioned above the median in terms of price, which is around €4,500/m². Advantages include the terrace, parking, and proximity to transport. Disadvantages could be the maintenance cost of a larger apartment and associated charges.