T6 House 191 m² for sale in Livron-sur-Drôme - €169,000

The displayed price for this house is €169,000, for a surface area of 191 m², which is a price per m² of €884.76 (Calculation based on the displayed price and declared characteristics). In the real estate market of Livron-sur-Drôme, the median price per m² for similar houses is around €1,200/m² (Source: DVF DGFiP, consulted in 2023). This indicates that the property is offered at a price 26.3% lower than the market median.

Over the last 12 months, house prices in the region have shown a slight upward trend, with an increase of about 3% (Estimation based on average public sector data). This house, although requiring renovation work, presents interesting development potential, which could attract buyers looking to invest in a customizable property.

For a purchase at €169,000, notary fees are estimated between 7% and 8% for an old property, or approximately €11,830 to €13,520 (Indicative range based on current professional scales). The total acquisition cost would therefore be between €180,830 and €182,520.

Regarding financing, with an average interest rate of 3.4% over 20 years and a down payment of 10% (€16,900), the amount borrowed would be €152,100. The monthly payments would be around €845 (Calculation based on the current average rate). The total cost of the loan over 20 years would be approximately €202,800, including interest.

For a rental investment, assuming a monthly rent of €1,200, the gross rental yield would be 8.5% (Calculation based on annual rent divided by total acquisition cost). After deducting charges and property tax, the net yield could be around 6.5%.

The house is currently exempt from DPE, meaning no energy class is assigned (Source: current regulations). Necessary renovation work could include insulation, window replacement, and updating the heating system, which could cost between €15,000 and €30,000 (Estimation based on average public sector data).

Financial aids such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to reduce the cost of the work. The amounts of aid can vary, but it is reasonable to estimate that they could cover up to 20% of the renovation costs.

Livron-sur-Drôme is a municipality located in the Drôme, offering a pleasant living environment. The neighborhood where the house is located is close to old Livron, allowing easy access to local shops, schools, and health services. The Livron train station is about 1 km away, providing regular connections to Valence and Montélimar (Source: SNCF, consulted in 2023).

The municipality's demographics show a median income of about €22,000 per year (Source: INSEE, 2021), which is slightly below the national average. The neighborhood is also characterized by low air pollution and many green spaces, contributing to a good quality of life. However, it is important to note that urban development projects are underway, which could influence the local real estate market in the coming years.

The house is located in an area where flood risks are low (Source: Géorisques, consulted in 2023). However, it is recommended to check urban planning documents to ensure that no servitude or restriction weighs on the property. The Local Urban Plan (PLU) of Livron-sur-Drôme must be consulted to know the applicable construction and development rules.

Regarding rent control, there is no specific capping in this municipality, but it is important to stay informed about legislative developments that could impact the profitability of a rental investment. Mandatory property diagnostics must also be carried out before the sale, including the energy performance diagnosis (DPE) and the lead exposure risk assessment if the house was built before 1949.

This T6 house of 191 m² is positioned below the market median, which is €1,200/m². With a price per m² of €884.76, it presents an advantage for buyers looking for a property to renovate. However, the necessary work may represent a significant additional cost. Similar houses in the area are priced between €1,100 and €1,300 per m², depending on their condition and location (Source: DVF DGFiP, consulted in 2023).

The advantages of this property include its large 40 m² garage and its courtyard without vis-à-vis, which are sought after by families. However, the disadvantages include the need for renovation work, which may deter some buyers. The negotiation margin could be estimated around 5 to 10% depending on the general condition of the property and competing offers.