4-Room House 77 m² in Croix - €149,900, Energy Performance Certificate Not Provided

The listed price for this house is €149,900 for a surface area of 77.08 m², which translates to a price of €1,943/m² (calculated from the listed price and declared characteristics). In the Croix market, the median price of old houses is around €2,200/m² according to DVF (Land Value Data) from 2022. This indicates that this house is offered at a price 11.6% lower than the market median.

Over the last 36 months, house prices in Croix have shown an upward trend of about 5% per year, which could indicate a good investment opportunity if this trend continues. The house is located in a quiet residential area, which is generally a positive factor for property valuation.

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

For a purchase at €149,900, notary fees are estimated between 7% and 8% for an older property, which is approximately €10,493 (calculation based on current professional scales). The total acquisition cost would therefore be €160,393.

Considering a loan at an average rate of 3.4% over 20 years with a contribution of 10% (€14,990), the amount borrowed would be €134,910. The monthly payments would be approximately €785 (calculation based on current interest rates and loan duration).

For an investor, the gross rental yield could be estimated at 6% if the monthly rent is set at €900, which would give a net yield after charges of 4.5%.

Source: Notary scales, average interest rate from the Crédit Logement Observatory, consulted on 01/10/2023.

The Energy Performance Diagnosis (DPE) is not provided in the listing. This represents a potential risk for the buyer, as an unfavorable DPE could lead to high energy costs. Generally, a house of this size could have estimated annual energy costs between €1,200 and €1,800, depending on the DPE class.

In the case of renovation work to improve energy performance, available aids such as MaPrimeRénov' can go up to €20,000 depending on the work carried out. Owners can also benefit from Energy Savings Certificates (CEE) to finance part of the renovations.

Source: ADEME, consulted on 01/10/2023.

The house is located less than 5 minutes on foot from the Mairie de Croix metro station (line 2), facilitating access to public transport. Additionally, it is close to a school, a general grocery store, and a pharmacy, which is an asset for families.

The demographics of Croix show a median income of around €22,000 per year, which is slightly below the national average. The neighborhood is considered quiet and residential, with a good quality of life, although urban planning projects are underway, which could influence the dynamics of the real estate market in the coming years.

Source: INSEE, consulted on 01/10/2023.

According to data from Géorisques, the municipality of Croix presents a low risk of flooding and moderate seismicity. However, it is essential to check for any easements on the property, particularly regarding neighboring constructions.

Regarding regulations, there is no rent control in Croix, but it is important to inquire about the mandatory diagnostics to be provided during the sale. The buyer must also be aware of the legal deadlines for withdrawal, which are 10 days after the signing of the sales agreement.

Source: Géorisques, consulted on 01/10/2023.

This 4-room house is positioned below the market median in Croix, where the average price is €2,200/m². With a price per m² of €1,943, it could attract buyers looking for an affordable property. Advantages include its proximity to the metro and amenities, while disadvantages may be related to the absence of an energy performance certificate (DPE) and the age of the house (1930).

The negotiation margin could be estimated at around 5 to 10% depending on buyer interest and the results of a potential property inspection.

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