T3 Apartment 66 m² for sale Champagne-au-Mont-d'Or - €275,000

The listed price for this T3 apartment of 66 m² in Champagne-au-Mont-d'Or is €275,000, which corresponds to a price per m² of €4,166.67 (calculated from the listed price and declared characteristics). Based on data from the DVF (Demand for Real Estate Values), the median price per m² for apartments in this municipality is approximately €3,800 (source: DVF DGFiP, consulted in 2023). This places this apartment above the market median by 9.66%.

Over the last 12 months, apartment prices in the area have seen an increase of about 5%, indicating an upward trend. Apartments with similar features (terrace, elevator) are particularly sought after in this area, which could justify this pricing position.

For the purchase of this apartment at €275,000, notary fees are estimated between 7% and 8% for an older property. This represents an additional cost of €19,250 to €22,000 (estimate based on current professional scales). Thus, the total acquisition cost would be between €294,250 and €297,000.

Considering a mortgage at an average current rate of 3.4% over 20 years with a down payment of 10%, or €27,500, the amount borrowed would be €247,500. Monthly payments would be approximately €1,451 (calculated from standard loan conditions).

If this apartment is considered as a rental investment, the gross rental yield can be estimated at 5.5% based on a monthly rent of €1,250 (estimate based on local market rents for similar properties). The net yield, after deducting charges (about 20%), would be around 4.4%. The applicable taxation will depend on the chosen regime (LMNP or other).

The annual holding cost of this apartment can be estimated at around €2,500 (charges, property tax, insurance, maintenance). The property tax for an apartment in this area is approximately €1,200 (estimate based on sector averages).

The Energy Performance Diagnosis (DPE) of this apartment is not specified in the provided data. However, it is important to note that, according to the Climate & Resilience law, apartments classified as F or G can no longer be rented since 2023. Owners must consider renovations to improve the energy class. Renovation costs to move from class F to class E can vary between €10,000 and €20,000 (indicative range based on current professional scales).

Aid such as MaPrimeRénov' or Energy Savings Certificates (CEE) can be mobilized to finance these works.

Champagne-au-Mont-d'Or is a municipality well served by public transport, notably by tram and bus lines that provide easy access to Lyon. The nearest tram station is about a 10-minute walk away. The municipality also has several local shops, schools, and green spaces, promoting a pleasant living environment. The median household income in this municipality is approximately €30,000 per year (source: INSEE, 2021).

Champagne-au-Mont-d'Or is located in a low flood risk area according to Géorisques data. However, it is essential to check easements and the Local Urban Plan (PLU) before purchase. Mandatory diagnostics must be provided by the seller, including the DPE, the state of electrical and gas installations, as well as the risk assessment for lead exposure. Buyers must also be informed of the legal rights and deadlines related to real estate purchases.