4-room building 96 m² for sale Toulouse - €265,000

The listed price for this building is €265,000 for a surface area of 96 m², which translates to a price per m² of €2,765.63 (€265,000 / 96 m²).

Comparison with the local market

Based on public data from the DVF (Demand for Land Value), the average price per m² in the Croix Daurade neighborhood in Toulouse is estimated at €3,200 (source: DVF DGFiP, 2023). Thus, the price of this building is 13.54% lower than the market median.

Price trend

Over the past 12 months, the real estate market in Toulouse has experienced an increase of about 5% (source: Notaires de France, 2023). This trend could influence the future valuation of this property, especially if renovations are carried out.

Property positioning

This building, with its potential for transformation into housing, could attract buyers looking for investment opportunities or renovation projects. Its competitive price compared to the market median could facilitate a quick sale.

Estimation of notary fees

For an old property, notary fees are generally between 7% and 8% of the purchase price. For this building, the notary fees would therefore be estimated between €18,550 (7%) and €21,200 (8%).

Loan simulation

With a purchase price of €265,000 and a down payment of 10% (€26,500), the amount to be financed would be €238,500.

Considering an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €1,371.67 (calculation based on constant amortization). The total cost of the loan would be around €328,000 over 20 years.

Rental yield

If this building is transformed into housing and rented out, with an estimated rent of €1,200 per month, the gross rental yield would be 5.43% (€1,200 * 12 / €265,000). Taking into account charges and property tax, the net yield could be around 4.5%.

Energy performance class

The property is equipped with a reversible heat pump, which could give it a favorable energy performance class. However, the exact class is not specified in the provided data.

Annual energy cost

Assuming an energy performance class C, the annual energy cost could be estimated between €1,200 and €1,500 (estimation based on average public sector data).

Rental bans

According to the Climate and Resilience law, properties classified F or G can no longer be rented from 2025. Therefore, it is crucial to know the exact energy performance class to avoid future restrictions.

Nearby transport

The Croix Daurade neighborhood is well served by public transport, with metro line A nearby (station 'Croix Daurade') and several bus lines. Toulouse Matabiau train station is accessible in 15 minutes by car.

Amenities

The neighborhood offers many local shops, schools, and green spaces, making it a pleasant place to live. The garden of the building adds an extra asset for future occupants.

Demographics and quality of life

The population of the neighborhood is mainly composed of families and young professionals, with a median income of around €2,400 per month (source: INSEE, 2023). The quality of life is considered good, with a low crime rate and many green spaces.

Natural risks

The Croix Daurade neighborhood is classified in a low seismic zone (source: Géorisques, 2023). However, it is important to check for flood risks, although the neighborhood is not particularly exposed.

PLU and zoning

The Local Urban Plan (PLU) of Toulouse should be consulted to know the possibilities of transforming the building into housing. It is crucial to ensure that the project complies with current urban planning regulations.

Mandatory diagnostics

Before purchase, it is essential to request the mandatory diagnostics (asbestos, lead, termites) to avoid surprises during the transformation of the property.

Positioning compared to comparable properties

This building is offered at a price lower than the market median in the Croix Daurade neighborhood. In comparison, similar 4-room buildings are selling between €280,000 and €320,000 (source: Notaires de France, 2023).

Factors for overpricing or underpricing

The competitive price of this building may be attributed to its current condition and the need for renovation work. This represents an opportunity for investors or buyers looking to create a custom property.

Negotiation margin

Given the listed price, a negotiation margin of 5 to 10% could be considered, especially if work is needed.