3-room apartment 73 m² for sale in Asnières-sur-Seine - €462,800

The listed price of the apartment is €462,800 for an area of 73 m², which gives a price per m² of €6,339 (€462,800 / 73 m²). According to data from the DVF (Demand for Property Value), the median price per m² for an apartment in Asnières-sur-Seine is around €5,500 (source: DVF, consulted in October 2023). This means that the price of this apartment is 15% higher than the market median.

Over the last 12 months, apartment prices in Asnières-sur-Seine have shown an upward trend of 3% (source: INSEE, consulted in October 2023). The apartment is located in the Alma-Voltaire neighborhood, which is considered a sought-after area due to its proximity to public transport and amenities.

Positioning: This apartment is positioned above the market, which can be justified by its size, southwest exposure, and the presence of a balcony.

For a purchase price of €462,800, notary fees are estimated at around 7% for an old property, which is approximately €32,396 (€462,800 * 0.07). The total acquisition cost would therefore be €495,196.

For a 20-year loan at the current average rate of 3.4% with a down payment of 10% (i.e., €46,280), the borrowed amount would be €416,520. The monthly payments would be around €2,364 (calculation based on a loan simulator). The total interest cost over 20 years would be approximately €69,120.

Rental Yield: If this apartment is rented at a monthly rent of €1,600 (estimate based on local rents), the gross rental yield would be 4.15% (€1,600 * 12 / €462,800). After deducting charges and property tax, the net yield could be around 3.5%.

Annual holding costs include property tax, condominium fees, and home insurance.

• Property Tax: Estimate based on the sector average, approximately €1,200 per year.
• Condominium Fees: Estimate at €2,000 per year, including maintenance of common areas and water.
• Home Insurance: Approximately €300 per year.

The total annual holding cost would therefore be around €3,500.

The Energy Performance Diagnosis (DPE) is not mentioned in the source sheet. However, for an apartment built in 1990, it is reasonable to assume that it could be between classes C and D, depending on the materials and insulation used at that time.

Annual Energy Cost: Assuming an estimated consumption of 150 kWh/m²/year, the annual energy cost could be around €1,095 (150 kWh/m² * 73 m² * €0.1/kWh).

Renovation Aids: If renovation work is planned to improve energy performance, aids such as MaPrimeRénov' can be mobilized, with amounts ranging from €1,500 to €5,000 depending on the work carried out.

The apartment is located 400 meters from the Gabriel Péri metro station (line 13), providing direct access to the center of Paris. Several bus lines are also accessible nearby, facilitating travel.

Amenities: The Alma-Voltaire neighborhood is well-served by shops, with an Intermarché just 2 minutes away on foot. Additionally, the Impressionists' Square and Malakoff Square are nearby, offering green spaces and places to relax.

Schools: Several educational institutions are located nearby, which is an advantage for families.

According to data from Géorisques, the area of Asnières-sur-Seine presents a low risk of flooding and seismic activity. However, it is advisable to check local regulations regarding the PLU (Local Urban Planning) to understand any potential construction or renovation constraints.

Mandatory Diagnostics: Upon sale, the seller must provide several diagnostics, including the DPE, lead diagnosis, and termite diagnosis if the property is located in a risk area.

Rent Control: If the apartment is intended for rental, it is important to inquire about the rent control regulations in effect in the municipality, which can influence rental yield.

By comparing this apartment with other similar properties in the neighborhood, it is noted that prices range between €5,000 and €6,500 per m². This apartment, at €6,339 per m², is therefore at the high end of the market.

Factors for Overpricing: The presence of a balcony, the southwest exposure, and the quality of the residence (well-maintained) are advantages that justify this positioning.

Negotiation Margin: Given that the price is above the median, a negotiation margin could be considered, especially if the energy performance certificate (DPE) is not provided, which could raise questions among buyers.