3-Room Apartment 104 m² for Sale Toulouse - €487,600

The listed price for this apartment is €487,600 for an area of 104 m², which corresponds to a price per m² of €4,684. Based on average public data from the sector, the price per m² for an apartment in Toulouse is around €3,500 to €5,000 depending on the neighborhoods. In comparison, this apartment is situated in the upper range of the market, indicating a positioning above the median.

Over the last 12 months, apartment prices in Toulouse have experienced an increase of about 5%. This trend is supported by population growth and the increasing appeal of the Toulouse real estate sector, particularly due to the rise of transport infrastructure such as the future metro line C.

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

For a purchase of €487,600, notary fees for an old property are estimated between 7% and 8%. Taking an estimate of 7.5%, this represents approximately €36,570 in notary fees.

The total acquisition cost would therefore be €524,170.

Loan Simulation:

• Amount borrowed: €487,600
• Personal contribution (10%): €48,760
• Amount to be financed: €438,840
• Current average interest rate: 3.4% over 20 years
• Estimated monthly payment: approximately €2,515.

Gross Rental Yield: Assuming a monthly rent of €1,800, the gross rental yield would be 4.4%.

Annual Holding Cost:

• Estimated annual charges: €2,000
• Estimated property tax: €1,200
• Total holding cost: €3,200 per year.

The DPE class of this apartment is D, indicating a moderate energy consumption.

The estimated annual energy cost for an apartment in this class is around €1,200 per year, based on an average consumption of 150 kWh/m²/year.

According to the Climate & Resilience law, apartments classified as F or G can no longer be rented starting from 2025. Owners of apartments classified as D will need to consider renovations to improve energy performance by 2034.

The available aids for renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €10,000 depending on the work carried out.

The apartment is located near the future metro line C, which is expected to be operational by 2025.

Available public transport includes several bus lines and the tram, facilitating access to downtown Toulouse.

In terms of amenities, the neighborhood offers a variety of local shops, schools, and health services. Nearby educational institutions include Lycée Pierre de Fermat and the primary school Jean Jaurès, both of which are well-rated.

The neighborhood's demographics are primarily composed of families and young professionals, with a median income of around €2,500 per month.

The area is also appreciated for its green spaces, notably the Jardin des Plantes park, providing a pleasant living environment.

The Toulouse area is exposed to flood risks, particularly due to the proximity of the Garonne River. According to Géorisques data, the risk level is moderate.

The Local Urban Planning Plan (PLU) for the area imposes constraints on constructions and renovations. It is advisable to check for any easements that may affect the property.

In terms of regulation, rent control is in effect in certain areas of Toulouse, although this property is not affected due to its classification. Mandatory diagnostics, such as the Energy Performance Certificate (DPE), must be provided during the sale.

This apartment is positioned above the median of the Toulouse market, with a price per m² of €4,684. In comparison, similar apartments in the neighborhood generally sell for between €3,800 and €4,500 per m².

The advantages of this apartment include its brightness, two terraces, and its location on the top floor, offering an unobstructed view. On the other hand, the disadvantages may include the high acquisition cost compared to other properties in the area.

The estimated negotiation margin could be around 5%, depending on market interest and the duration of the listing.