3-Room House 68 m² for Sale in Roubaix - €71,900, to Renovate

The displayed price for this house is €71,900, which translates to a price per m² of €1,059 (calculated from the displayed price and the area of 68 m²). For comparison, the median price of houses in Roubaix is around €1,300 per m², indicating that this property is offered at a price 18.54% lower than the market median. Over the last 12 months, house prices in the area have seen a slight decrease of 2.5% according to DVF DGFiP data. The general trend of the real estate market in Roubaix shows stabilization after a significant increase between 2019 and 2021.

For the purchase of this house at €71,900, notary fees are estimated between 5% and 7% for an old property, which is approximately €5,000 to €5,500. Adding these fees, the total acquisition cost would be around €76,900 to €77,400.

For financing through a mortgage over 20 years at the current average rate of 3.4%, with a contribution of 10% (€7,190), the amount borrowed would be €64,710. The monthly payments would be around €370 per month.

In terms of rental investment, if the house is renovated and rented at a rent of €700 per month, the gross rental yield would be 11.7%. After deducting charges and property tax, the net yield could be around 8.5%.

Estimated annual charges (property tax, maintenance, insurance) could amount to approximately €1,200 per year.

The house is classified as D according to the Energy Performance Diagnosis (DPE). This means that the energy consumption is higher than 231 kWh/m²/year. The estimated annual energy cost for a home in this class can vary between €1,200 and €1,800 depending on consumption habits.

Regarding renovations, to improve the DPE class, a budget of €15,000 to €25,000 may be necessary for insulation work and compliance upgrades. Assistance such as MaPrimeRénov' can be mobilized to reduce this cost, with amounts reaching up to €7,000 depending on income.

The house is located in the Mackellerie district of Roubaix, which offers an urban living environment with local shops, schools, and public transport. The nearest metro station is about 1 km away, providing easy access to the Lille transport network. The district is undergoing significant changes, with several urban rehabilitation projects underway.

The demographics of the district show a population of about 15,000 residents, with a median income of €1,500 per month. Green spaces, although limited, are present in the surrounding parks, contributing to the quality of life for residents.

The Mackellerie neighborhood is classified as a low flood risk zone according to Géorisques data. However, it is important to check for any easements on the property, particularly those related to renovation work.

Regarding regulations, there is no rent control in this area, but it is essential to comply with safety and hygiene standards during renovation work. Mandatory diagnostics (asbestos, lead) must also be carried out before any transaction.

Compared to other 3-room houses in the Roubaix area, this house is positioned below the market median. Similar houses sell for an average of between €80,000 and €90,000, representing a gap of 10% to 20% compared to this property. Factors for undervaluation may include the general condition of the property requiring renovation work and the reduced size of the outdoor space.

The negotiation margin is estimated at around 5% to 10% due to the condition of the house and the need for repairs.