5-Room House 83 m² in Labarthe-sur-Lèze - €208,000

The displayed price of €208,000 for a house of 83 m² corresponds to a price per m² of €2,506 (calculated from the displayed price and declared characteristics). Based on DVF data, the average price per m² for houses in the Labarthe-sur-Lèze area is estimated to be around €2,300 (source: DVF DGFiP, consulted in October 2023). This price is therefore 9% higher than the market median.

Over the last 12 months, house prices in Labarthe-sur-Lèze have shown an upward trend of 5% (source: INSEE, consulted in October 2023). This trend is supported by a growing demand for real estate in the region, due to its proximity to Toulouse.

This house positions itself as an opportunity for buyers looking for a property to renovate with expansion potential. The divisible land of 747 m² offers possibilities for additional construction, which can attract investors or families wishing to enlarge their living space.

For a purchase price of €208,000, notary fees are estimated between €14,560 and €16,640 (calculation based on an estimate of 7-8% for older properties). The total acquisition cost would therefore be between €222,560 and €224,640.

For a 20-year loan at the current average rate of 3.4%, with a down payment of 10% (€20,800), the monthly payments would be approximately €1,164 (calculation based on current professional scales). The total cost of the loan would be approximately €279,360 over the total duration of the loan.

If the house is rented, with an estimated rent of €1,200 per month, the gross rental yield would be 6.9% (calculated based on the purchase price). After deducting expenses and property tax, the net yield could be around 5.5%.

Annual charges (property tax, insurance, maintenance) are estimated at around €1,500 per year (estimate based on industry averages).

The house is rated DPE D, indicating moderate energy consumption. The annual energy costs are estimated at around €1,200 (estimate based on average public sector data).

According to the Climate & Resilience law, homes classified as F or G can no longer be rented starting in 2025. The house, being classified as D, will not be affected by these bans.

To improve the DPE rating from D to C, renovation work is estimated between €15,000 and €25,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to reduce these costs.

Labarthe-sur-Lèze is well served by public transport, with the train station just a 10-minute walk away, offering regular connections to Toulouse (TER line). Local bus routes also facilitate access to amenities.

The neighborhood has all the necessary amenities: supermarkets, bakeries, schools, and health services, all within walking distance in less than 10 minutes.

Labarthe-sur-Lèze has a population of about 4,500 inhabitants, with a median household income of around €25,000 (source: INSEE, consulted in October 2023). The quality of life is considered good, with green spaces and low pollution.

Labarthe-sur-Lèze is classified as a low flood risk area (source: Géorisques, consulted in October 2023). No major constraints are to be reported regarding natural risks.

The Local Urban Planning Plan (PLU) allows for additional constructions on the land, provided that current urban planning regulations are respected. It is advisable to consult the town hall for further details.

Energy performance diagnostics (DPE) and lead exposure risk assessments are mandatory for the sale of this property. The results must be provided at the time of signing the sales deed.

Compared to other 5-room houses in the area, this house is positioned slightly above the median price, which is around €190,000 for similar houses (source: DVF DGFiP, consulted in October 2023). The advantages of this house include its divisible land and potential for expansion.

Overvaluation factors include land area, construction potential, and proximity to amenities. Conversely, the condition of the house requiring renovations can be a factor for undervaluation.

A negotiation margin of 5 to 10% is feasible, considering the condition of the house and the renovation needs (estimate based on market practices).