Sale of 7-Room House 227 m² in Lapeyrouse-Fossat - Complete Analysis

The listed price for this house is €470,000 for an area of 227 m², which translates to a price of €2,067 per m².

Total Price €470,000 Area 227 m² Price per m² €2,067

Based on average public data from the sector, the median price of houses in the Lapeyrouse-Fossat region is around €2,200 per m². This property is therefore slightly below the market median, which could indicate a buying opportunity.

The price trend over the last 12 months in this municipality shows an increase of about 5% compared to the previous year, which is consistent with the dynamics of the real estate market around Toulouse.

Source: DVF DGFiP, consulted on 01/10/2023.

For the purchase of this house, notary fees are estimated between 7% and 8% of the purchase price, or approximately €32,900 to €37,600.

Purchase Price €470,000 Notary Fees (7-8%) €32,900 - €37,600 Total Acquisition Cost €502,900 - €507,600

For a loan simulation over 20 years at the current average rate of 3.4% with a down payment of 10% (€47,000), the amount borrowed would be €423,000.

Amount Borrowed €423,000 Estimated Monthly Payment €2,400

Estimation based on current loan rates and standard professional scales.

If this property is considered as a rental investment, the gross rental yield can be estimated at around 5% if the monthly rent is set at €2,000.

Monthly Rent €2,000 Gross Rental Yield 5%

Annual holding costs include property tax, condominium fees, and maintenance. The property tax is estimated at around €1,500 per year, the fees at €1,200, and maintenance at €600.

Property Tax €1,500 Annual Fees €1,200 Maintenance €600 Total Holding Cost €3,300

Estimation based on average public data from the sector.

The DPE class of this house is D, which indicates an estimated annual energy consumption of around 200 kWh/m². The annual energy cost is therefore estimated at around €1,000.

DPE Class D Energy Consumption 200 kWh/m² Annual Energy Cost €1,000

In accordance with the Climate & Resilience law, homes classified as F and G will no longer be able to be rented starting in 2025. Renovation work to improve the DPE class could cost between €15,000 and €30,000, with available aids such as MaPrimeRénov'.

Renovation Cost €15,000 - €30,000 Available Aids MaPrimeRénov', CEE, eco-PTZ

Estimation based on current professional scales.

The house is located near several public transport lines, including bus line 121 which connects Lapeyrouse-Fossat to Toulouse. The frequency of buses is about 30 minutes during peak hours.

In terms of amenities, several local shops are available within a 1 km radius, as well as primary and secondary schools with good academic results.

Transport Lines Bus 121 Frequency 30 minutes Nearby Amenities Shops, schools

The neighborhood's demographics show a median income of about €28,000 per year, with a predominantly family population, contributing to a good quality of life.

According to data from Géorisques, the area of Lapeyrouse-Fossat presents a low risk of flooding and seismic activity. However, it is important to check for any easements on the land.

The PLU (Local Urban Planning) of the municipality imposes certain constraints on construction and renovations, particularly regarding environmental compliance and architectural aesthetics.

Flood Risk Low Seismic Activity Low Easements To be checked PLU Constraints on constructions

It is also recommended to inquire about rent control if the property is intended for rental, particularly the rent ceilings in effect in the municipality.

By comparing this property with other 7-room houses in the area, it appears that the price of €2,067 per m² is below the market median, which is €2,200 per m².

Price per m² of this property €2,067 Market Median €2,200 Positioning Below the median

The advantages of this house include a spacious plot of 3,200 m², a quiet environment, and development possibilities. The disadvantages may include potential work to improve the energy performance rating (DPE) and regulatory constraints to consider.