T3 House 58 m² for sale in Arles - €224,000, terrace with view of the Arenas

The listed price for this house is €224,000, which translates to a price per m² of €3,862.07 (calculated from the listed price and the area of 58 m²).

Based on average public data for the sector, the median price of houses in Arles is estimated at €2,800 per m². Thus, the price of this house is 37.9% higher than the market median.

Regarding price trends, over the last 12 months, the real estate market in Arles has experienced a 5% increase in prices, indicating a dynamic market. Houses with similar characteristics in the area generally sell between €200,000 and €250,000.

For the purchase of this house, notary fees are estimated at around 7.5% of the purchase price, which is approximately €16,800 (calculated from the listed price). The total acquisition cost would therefore be €240,800.

Regarding financing, with a down payment of 10% (€22,400), the loan amount would be €201,600. At a current average interest rate of 3.4% over 20 years, the monthly payment would be around €1,167 (calculated from current professional rates).

For an investor, the estimated gross rental yield could be around 6% (based on an estimated monthly rent of €1,120). The net cash flow, after deducting expenses and property tax, could be positive but will depend on maintenance costs and management fees.

The house does not have a specified DPE class in the provided data. However, based on similar houses in the area, an estimate could place the DPE class around D, which corresponds to an estimated annual energy consumption of about €1,200 (calculated based on sector averages).

In the case of renovations to improve the energy class, costs could range between €10,000 and €20,000, depending on the necessary work. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to reduce the cost of the work.

The house is located in the historic center of Arles, in immediate proximity to the Arenas, a major tourist site. The neighborhood is characterized by cobbled streets and a calm environment, while offering easy access to shops, restaurants, and health services.

Public transport is accessible with several bus lines nearby, and the Arles train station is about a 15-minute walk away. The neighborhood's demographics are varied, with a predominantly local population and tourists during the summer season.

The quality of life is generally appreciated, with green spaces nearby and a rich cultural atmosphere, particularly due to artistic and historical events.

The Arles neighborhood is exposed to flood risks, particularly due to its proximity to the Rhône. It is recommended to consult the Géorisques data to assess specific risks.

Regarding the Local Urban Plan (PLU), it is important to check the construction and renovation rules, especially concerning houses located in historical areas. Property diagnostics will be mandatory upon sale, including the DPE, asbestos, and lead, if applicable.

Finally, it is essential to inquire about rent control if the buyer is considering a rental investment, particularly the current rent ceilings in the municipality.