3-room apartment 55.95 m² for sale in Gennevilliers - €210,000

The price of the apartment is €210,000 for an area of 55.95 m², which gives a price per m² of €3,748.43 (calculated from the displayed price and declared characteristics). In comparison, the median price per m² in Gennevilliers is estimated at €3,500 (source: DVF DGFiP, consulted in 2023). This places this apartment slightly above the market median, indicating a valuation potentially justified by its location and characteristics. Over the last 12 months, prices in Gennevilliers have shown an upward trend of 5% (source: Notaires de France, 2023).

For a purchase of €210,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €14,700 to €16,800 (indicative range based on current professional scales). The total acquisition cost would therefore be €224,700 to €226,800.

Considering a 20-year loan at the current average rate of 3.4% with a 10% down payment (€21,000), the monthly payments would be approximately €1,200 (calculation based on current credit rates and standard loan conditions).

If this apartment is rented, the monthly rent could be estimated at €1,200 (estimate based on average public data from the sector). This would give a gross rental yield of 6.86% (calculated from the annual rent divided by the purchase price). After deducting expenses (about 20% of the rent), the net yield would be approximately 5.49%.

The DPE of the apartment is not specified in the listing. This could pose a risk during the sale or rental, as properties classified F or G are subject to rental restrictions under the Climate & Resilience law of 2021. Owners should consider renovations to improve the energy class, which could cost between €10,000 and €30,000 depending on the extent of the work (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to reduce these costs.

The apartment is located 10 minutes on foot from the Gabriel Péri metro station (line 13), facilitating access to Paris. The neighborhood has several local shops, schools, and green spaces, contributing to a pleasant quality of life. The neighborhood's demographics show a median income of around €22,000 per year (source: INSEE, 2021), and the population is predominantly made up of young professionals and families.

The neighborhood of Gennevilliers is classified as a low seismicity zone (source: Géorisques). However, it is important to check for flood risks, particularly due to the proximity of the Seine. The PLU (Local Urban Planning) of Gennevilliers should be consulted to understand the construction and development rules. Furthermore, rent control is in effect, with a rent ceiling of €18.50/m² for leases signed after July 1, 2021 (source: Consumer Code).

This apartment is positioned slightly above the market median, which is €3,500/m² in Gennevilliers. Similar properties (3-room apartments) generally sell between €200,000 and €220,000 depending on their condition and location. The advantages of this apartment include a garage and a cellar, which are less common in the area. On the other hand, the absence of an energy performance certificate may be a negotiation point during the purchase.