T2 Apartment 38 m² for sale in Arles - €120,000

The listed price for this T2 apartment of 38 m² in Arles is €120,000, which corresponds to a price per m² of €3,157.89 (€120,000 / 38 m²). Based on average public data for the sector, the price per m² in Arles for similar apartments is around €2,800 to €3,200 in 2023. This property is therefore slightly above the market median, estimated at €3,000 per m².

Over the past 12 months, apartment prices in Arles have seen an increase of about 5%, with a continuing upward trend, partly due to the growing demand for real estate in this area. Investors and first-time buyers are particularly active, which could justify this valuation.

For a purchase at €120,000, notary fees are estimated between 7% and 8% for an old property. This represents an additional cost of €8,400 to €9,600, bringing the total acquisition cost to approximately €128,400 to €129,600.

Considering a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€12,000), the borrowed amount would be €108,000. The monthly payment would be about €635 (calculated with a loan simulator).

For an investor, the gross rental yield could be estimated at 6% if the rent is set at €600 per month, generating an annual income of €7,200.

The DPE class of the apartment is not specified in the source sheet. However, for an apartment of this size and construction period, an annual energy consumption of about 1,200 kWh can be estimated, which could correspond to a class D (DPE to be confirmed).

The annual energy cost could therefore be estimated at around €1,200 (calculated based on an average electricity cost of €0.1/kWh).

Regarding renovations, to improve the DPE class, insulation work and updates to heating systems may be necessary, with an estimated cost between €5,000 and €15,000, depending on the extent of the work. Assistance such as MaPrimeRénov' could be mobilized.

The apartment is located near the city center of Arles, 15 minutes walk from the SNCF train station, which facilitates access to public transport. Bus lines also serve the neighborhood, with a frequency of about 15 minutes.

Regarding shops, the property is close to several supermarkets, bakeries, and restaurants, making it a convenient place to live.

In terms of education, several schools are accessible within less than 10 minutes on foot, with satisfactory academic results. The neighborhood's demographics are diverse, with a population of about 50,000 inhabitants, whose median income is estimated at €1,800 per month.

The Arles neighborhood is exposed to flood risks, particularly due to its proximity to the Rhône. According to Géorisques data, it is recommended to consult risk prevention plans before purchasing.

The PLU (Local Urban Plan) of the city of Arles must also be taken into account, especially regarding construction and extension rules. Mandatory diagnostics (asbestos, lead, termites) must be provided by the seller.

Finally, if the apartment is intended for rental, it is important to check the current rent control regulations in the municipality.