14m² Parking for Sale in La Garenne-Colombes - €24,000

The listed price for this parking space is €24,000, which equates to a price per m² of €1,714.29 (calculated from the listed price and the area of 14 m²). In the La Garenne-Colombes market, parking prices generally range between €1,500 and €2,000 per m², depending on the location and characteristics of the property.

Based on average public sector data, the median price of parking spaces in this area is estimated at €1,600 per m². Thus, the price of this parking space is slightly above the market median, which can be justified by its security and accessibility.

Regarding the price trend, data from the DVF (Demand for Land Value) shows a 5% increase in parking prices over the last 12 months in the region, indicating a growing demand for secure parking spaces.

For the purchase of this parking space at €24,000, notary fees are estimated between 7% and 8% for an old property. This represents approximately €1,680 to €1,920 in notary fees.

Considering a loan at an average current rate of 3.4% over 20 years with a down payment of 10% (€2,400), the amount borrowed would be €21,600. The total interest cost over the duration of the loan would be approximately €4,800, bringing the total acquisition cost to about €30,480 (€24,000 + €1,800 notary fees + €4,800 interest).

If this location is intended for rental, the gross rental yield would be calculated based on an estimated monthly rent of €120, or €1,440 per year. The gross yield would therefore be 6% (€1,440 / €24,000). Taking into account estimated annual charges of €300, the net rental yield would be 4.75%.

The Energy Performance Diagnosis (DPE) for this parking lot is classified as D, indicating moderate energy consumption. The estimated annual energy cost for a parking space is generally low, around €100 per year, taking into account potential lighting and ventilation needs.

According to the Climate & Resilience law, parking lots classified as F or G can no longer be rented starting in 2028, but this parking lot, being classified as D, is not subject to this prohibition.

Assistance to improve the energy efficiency of parking spaces is available, such as MaPrimeRénov', but it is generally limited to larger renovation projects.

The parking is located near the Vallées train station, providing easy access to public transport, including the train to Paris. The market square is also nearby, making it easy to access local shops.

The demographics of La Garenne-Colombes show a median income of about €28,000 per year, with a population mainly composed of families and young professionals.

The quality of life in this neighborhood is generally good, with green spaces nearby and low air pollution. Urban projects are underway to further improve accessibility and local infrastructure.

La Garenne-Colombes is located in a low flood risk area, but it is important to check the Géorisques data for specific risks.

The Local Urban Planning Plan (PLU) of La Garenne-Colombes imposes certain constraints on constructions and developments, but this does not directly affect parking spaces.

It is also essential to check for any easements on the property, particularly those related to access or use of common areas in the condominium.