Parking for sale Vanves (92170) - €7,000, lease until 2044

The selling price of €7,000 for this parking space in Vanves is competitive compared to market prices. Generally, parking spaces in urban areas like Vanves sell for between €6,000 and €10,000, depending on their location and accessibility. Based on average public sector data, the average price of a parking space in Vanves is estimated at around €8,000, placing this offer below the market median.

The price trend for parking spaces in Vanves has shown a slight increase of 2-3% per year over the past three years, due to the growing demand for parking solutions in densely populated urban areas. This parking space, with an emphyteutic lease until 2044, offers long-term security for the buyer, which is a considerable asset in the current real estate market.

For the purchase of this parking space at €7,000, notary fees are estimated between 7% and 8% for older properties, or approximately €490 to €560.

Loan Simulation

If the buyer wishes to finance this purchase with a loan, with a down payment of 10% (€700), the amount to be financed would be €6,300. Assuming an average interest rate of 3.4% over 20 years, the monthly payments would be around €37.00.

Annual holding cost

Annual holding costs include property tax, which for a parking space in Vanves is estimated at around €100 per year, as well as insurance costs that could amount to about €50 per year. In total, the annual holding cost would be approximately €150.

Data not available for the DPE, as it is not applicable to parking spaces. However, it is important to note that parking spaces generally do not incur direct energy costs.

On the other hand, for vehicle owners, it is advisable to consider the maintenance and insurance costs of the vehicle, which can vary significantly depending on the type of vehicle and usage.

The parking space is located on Rue Jean Bleuzen in Vanves, a strategic location close to several public transport lines, including the metro and buses.

Transport

• Metro: The nearest metro station is about a 10-minute walk away, providing direct access to Paris.
• Bus: Several bus lines serve the street, facilitating travel in the area.

Amenities

The neighborhood is well-equipped in terms of services, with local shops, restaurants, and schools. The demographics of Vanves are characterized by an active population, with a median income of around €30,000 per year, indicating a stable demand for parking solutions.

Purchasing a parking space with an emphyteutic lease presents certain risks and points of caution:

• Lease duration: Although the lease ends in 2044, it is important to ensure that the renewal conditions are favorable.
• Local regulations: Check the parking regulations in force in the municipality of Vanves, as changes may affect the use of the space.
• Access and security: Evaluating the accessibility of the space and the safety of the neighborhood is essential to ensure optimal use.

Additionally, it is advisable to ask critical questions to the seller, such as:

• What are the details of the emphyteutic lease?
• Are there any usage restrictions for the space?
• What are the lease renewal conditions?