T5 Building 121.7 m² for sale in Loriol-sur-Drôme - €160,000

The price of the building is €160,000 for a surface area of 121.7 m², which gives a price per m² of €1,315.63 (calculated from the displayed price and declared characteristics). On the market of Loriol-sur-Drôme, the median price per m² for similar properties is around €1,400 (source: DVF DGFiP, consulted in 2023). This property is therefore slightly below the sector median, which may represent an opportunity for an investor.

Regarding the price trend, over the last 12 months, the price per m² has seen a slight increase of 2% (source: Notaires de France, consulted in 2023). This indicates a relatively stable market, with potential for appreciation after renovation.

For a purchase at €160,000, notary fees are estimated between 7% and 8% for an old property, or approximately €11,200 to €12,800 (estimate based on current professional scales). The total acquisition cost would therefore be between €171,200 and €172,800.

Regarding financing, with a contribution of 10% (or €16,000), the amount to borrow would be €144,000. At an average interest rate of 3.4% over 20 years, the monthly payment would be around €800 (calculated based on a loan simulator).

For a rental investment, the gross yield can be estimated at 7%, taking into account an average rent of €1,120 for both apartments (estimate based on local rents). The net cash flow, after deducting charges and property tax, would be around €500 per month.

The property is exempt from DPE, which means no energy class is assigned. However, it is important to consider that renovation work will be necessary to improve energy efficiency. Generally, annual energy costs for a property of this size can vary between €1,200 and €1,800 (estimate based on average public data in the sector).

Regarding renovation aids, programs like MaPrimeRénov' can be mobilized, offering grants of up to €20,000 depending on the work carried out.

The building is located in Loriol-sur-Drôme, in immediate proximity to shops and schools, making it an attractive location for families and investors. Public transport is accessible, with the Loriol train station about 1 km away, offering connections to Valence and Montélimar.

The neighborhood's demographics are characterized by a population of about 7,000 inhabitants, with a median income of €1,800 per month (source: INSEE, consulted in 2023). The quality of life is generally good, with green spaces and suitable public facilities.

The property is located in an area where the flood risk is low (source: Géorisques, consulted in 2023). However, it is important to check the PLU (Local Urban Plan) to ensure possibilities for renovation and extension.

Regarding regulations, it is necessary to comply with mandatory diagnostics during the sale, such as the state of risks and pollution (ERP) and the energy performance diagnosis (DPE) if applicable. The buyer's rights include a withdrawal period of 10 days after signing the sales agreement (source: Consumer Code).

By comparing this building with other similar properties in the area, it appears that the price of €1,315.63 per m² is slightly below the market median, which is €1,400 per m². The advantages of this property include its configuration into two apartments, which offers interesting rental potential. On the other hand, the disadvantages include the need for renovation work, which can represent a significant cost.

The negotiation margin is estimated at 5-10%, considering the condition of the property and the work to be anticipated.