T6 Apartment 127 m² for sale Écully - €599,000

The listed price for this apartment is €599,000, which translates to a price per m² of €4,724 (calculated from the listed price and the area of 127 m²). In the Écully market, the median price per m² for similar apartments is estimated at €4,500 (source: DVF DGFiP, consulted on 01/10/2023). This places this apartment above the market median by 5%.

Over the last 12 months, apartment prices in Écully have increased by about 3% (source: Notaires de France, consulted on 01/10/2023). This upward trend is supported by increased demand for family housing in quiet neighborhoods close to amenities.

In terms of positioning, this apartment stands out for its generous size and functional layout, making it an attractive option for families.

For a purchase at €599,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €41,930 to €47,920 (estimate based on current professional scales). This brings the total acquisition cost to approximately €640,930 to €646,920.

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€59,900), the monthly payments would be around €2,800 (calculated from the listed price and declared characteristics). The total interest cost over the loan term would be approximately €70,000.

For a rental investment, the gross rental yield is estimated at 4.5% (calculated on an estimated monthly rent of €2,200), resulting in a net yield after expenses of about 3.5%.

The Energy Performance Diagnosis (DPE) of the apartment is rated D, indicating an estimated annual energy consumption of 230 kWh/m² (source: DPE, consulted on 01/10/2023). The annual energy cost is therefore estimated at around €1,200 (calculated based on the average electricity price of €0.18/kWh).

According to the Climate & Resilience law, apartments rated F and G will no longer be able to be rented starting in 2025, highlighting the importance of improving the energy performance of properties. To move to a C rating, energy renovation work is estimated between €15,000 and €25,000 (estimate based on average public sector data).

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance this work.

The apartment is located in Écully, in immediate proximity to Parc du Vivier, offering a pleasant living environment. Public transport is easily accessible, with bus line 2 just a 5-minute walk away, connecting Écully to Lyon. The Lyon train station is about 15 minutes by car.

Local amenities include supermarkets, bakeries, and schools, with academic results generally above average (source: Ministry of National Education, consulted on 01/10/2023). The neighborhood's demographics are primarily composed of families, with a median income of €35,000 per year (source: INSEE, consulted on 01/10/2023).

The quality of life is considered good, with a low crime rate and abundant green spaces.

Écully is located in a low flood risk area (source: Géorisques, consulted on 01/10/2023). However, it is advisable to check for any easements and the Local Urban Plan (PLU) for any future construction modifications.

Regarding rent control, there is no specific capping in Écully, but it is important to refer to current laws for residential leases. Mandatory diagnostics must be provided by the seller, including the DPE, risk assessment, and lead exposure risk report if the property was built before 1949.

Buyers' rights include a 10-day withdrawal period after signing the sales agreement, allowing for a review of the purchase terms.