3-Room House 98 m² for Sale Neuville-en-Ferrain - €189,900

The listed price of the house is €189,900 for an area of 98.30 m², which gives a price per m² of €1,929/m² (€189,900 / 98.30 m²). Based on public data from the DVF (Demand for Land Value), the median price of houses in the Neuville-en-Ferrain area is estimated at around €2,200/m². This means that this house is offered at a price 12.3% lower than the market median.

Over the last 36 months, house prices in the region have shown an upward trend of 5%, indicating a recovering market. 1930s-style houses, like this one, are generally sought after for their charm and renovation potential.

In conclusion, this house is positioned within a competitive price range compared to the sector median, which could attract buyers looking for a property to renovate.

For a purchase at €189,900, the notary fees are estimated at approximately 7.5%, or €14,242.50 (calculated based on a standard scale for the old). The total acquisition cost would therefore be €204,142.50 (€189,900 + €14,242.50).

Regarding financing, considering a 20-year loan at the current average rate of 3.4% with a 10% contribution (€18,990), the borrowed amount would be €170,910. The monthly payments would be approximately €1,007.50 (calculated with a loan simulator).

For an investor, the gross rental yield could be estimated at 6% if the monthly rent is set at €950, resulting in a net yield after charges of 4.5%.

Annual holding costs include property tax, estimated at around €1,200 (based on industry averages), condominium fees (if applicable, estimated at €600), and home insurance (around €300). The total annual holding cost would therefore be approximately €2,100.

The house is classified DPE D, which indicates an energy consumption of 151 to 230 kWh/m²/year. The estimated annual energy cost for this house would be around €1,200 (calculated based on an average rate of €0.15/kWh).

According to the Climate & Resilience law, homes classified F or G will no longer be able to be rented starting in 2025. Although this house is not affected, renovation work may be considered to improve the DPE class.

The available aids for energy renovation work include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €5,000 depending on the work carried out.

The house is located near the center of Neuville-en-Ferrain, providing easy access to public transport. The nearest train station is about 1.5 km away, with regular trains to Lille. Bus lines also serve the area, with a frequency of about 15 minutes.

In terms of amenities, several local shops are within walking distance, as well as schools (primary school 500 m away and middle school 1 km away). The neighborhood also features several green spaces, promoting a pleasant quality of life.

The Géorisques site indicates that the house is not located in a flood risk area. However, it is important to check the risks related to seismicity, which are moderate in this region.

Regarding the PLU (Local Urban Planning), it is advisable to consult the urban planning documents to know the rules applicable to the renovation or extension of the house. The mandatory property diagnostics must also be provided by the seller, including the DPE, asbestos, and lead.