5-Room House 112 m² for Sale in Lille - €254,000, Energy Performance Certificate Not Specified

The displayed price for this house is €254,000, which corresponds to a price per m² of €2,257/m² (calculated from the displayed price and the area of 112.43 m²). This price is lower than the market median for similar houses in Lille, which is around €2,500/m² according to DVF data (Database of Real Estate Values, consulted in October 2023). Over the last 12 months, house prices in Lille have seen a slight increase of 2.5% on average, indicating a stable trend despite fluctuations in the national real estate market.

In comparison, the Montebello neighborhood is considered a sought-after area, which could justify a premium compared to other neighborhoods in Lille. However, the need for renovation could negatively impact the immediate valuation of this property.

For a purchase at €254,000, notary fees for an old house are estimated between 7% and 8%. Thus, the notary fees would amount to approximately €17,780 (7%) to €20,320 (8%). The total acquisition cost would therefore be between €271,780 and €274,320.

For a mortgage at an average rate of 3.4% over 20 years with a contribution of 10% (€25,400), the amount borrowed would be €228,600. The monthly payments would then be around €1,300 (calculated with a loan simulator).

In terms of rental investment, if the independent studio of 25 m² is rented at €600/month, the gross rental yield would be 2.83% (calculated based on the purchase price). After deducting charges and property tax, the net yield could be around 2.5%.

The Energy Performance Diagnosis (EPD) is not specified in the sheet. Generally, for a house of this size and type, the annual energy consumption could vary between €1,200 and €1,800 depending on the type of heating and insulation. Homeowners should also be aware of the rental bans for properties classified as F or G, which will come into effect from 2025 (Climate and Resilience Law).

To improve the energy class, renovation work could cost between €15,000 and €30,000, depending on the extent of the necessary work. Aids such as MaPrimeRénov' and Energy Savings Certificates (ESC) could be mobilized to reduce the cost of renovations.

The Montebello neighborhood in Lille is known for its tranquility and proximity to the city center. It is served by several public transport lines, including the metro (line 1, 'Montebello' station) about a 10-minute walk away.

Local shops, such as bakeries, supermarkets, and cafes, are accessible in less than 5 minutes on foot. In terms of education, several schools are located nearby, with generally satisfactory academic results.

The neighborhood's demographics are predominantly composed of families and young professionals, with a median income of around €2,200 per month. The quality of life is considered good, with green spaces and sports facilities nearby.

Natural risks in the Lille region include flooding, although the Montebello neighborhood is not classified as a flood zone according to Géorisques data. However, it is important to check for any easements that could affect the property.

In terms of regulations, the house must comply with the current Local Urban Planning Plan (PLU), which may impose restrictions on renovation work. Additionally, rent control in Lille could influence rental profitability, especially if caps are set by the municipality. Mandatory diagnostics (asbestos, lead, electricity) must also be carried out before the sale.