T3 House 52m² for Sale in Cholet - €125,000 | Energy Performance Certificate Not Provided

The listed price for this house is €125,000 for a surface area of 52 m², which translates to a price per m² of €2,403.85 (calculated from the listed price and declared characteristics). In the Cholet market, the median price per m² for similar houses is around €2,500 (source: DVF DGFiP, consulted in 2023). This places this house slightly below the market median, making it an interesting option for buyers looking for an affordable property.

Over the last 24 months, house prices in Cholet have seen a slight increase of 3.5% (source: INSEE, consulted in 2023). Houses with private courtyards and parking are particularly sought after, which could positively influence the valuation of this property in the medium term.

For the acquisition of this house, notary fees are estimated between 7% and 8% for an older property. Thus, for a purchase price of €125,000, the notary fees would amount to approximately €8,750 (calculated from the listed price and declared characteristics).

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€12,500), the borrowed amount would be €112,500. The monthly payments would be around €650 (calculated from current professional scales).

The estimated gross rental yield for this property, if rented, could be around 6% (estimate based on average rents for similar properties in the area).

The Energy Performance Diagnosis (DPE) is not provided for this house. Generally, for houses of this size and age, one can expect an annual energy consumption of around €1,200 (estimate based on average public data in the sector).

In case renovation is needed to improve energy performance, costs can vary between €8,000 and €15,000 depending on the extent of the work (indicative range based on current professional scales). Aid such as MaPrimeRénov' can be mobilized to reduce these costs.

Located in the heart of Cholet, this house benefits from easy access to public transport, including the Cholet train station about 1.5 km away, as well as several bus lines nearby. The neighborhood is vibrant with many shops, schools, and health services within 500 meters, making it a pleasant living area for families.

The neighborhood's demographics are primarily composed of families and young professionals, with a median income of around €1,800 per month (source: INSEE, consulted in 2023). The quality of life is generally considered good, with green spaces nearby and a low noise level.

The property is located in a low flood risk area according to Géorisques data. However, it is important to check for any easements or constraints related to the PLU (Local Urban Plan) of Cholet, which could impact renovation or extension projects. Mandatory diagnostics, such as asbestos and lead, must also be carried out before the sale.

Regarding rent control, there is no specific capping in Cholet, but it is advisable to inquire about upcoming legislative changes.

By comparing this house with other similar properties on the Cholet market, it is noted that the price per m² is slightly below the market median. For example, houses with 2 to 3 bedrooms in the same area generally sell between €2,500 and €2,800 per m². This indicates that this house could be a good opportunity for buyers looking to invest in a property at a reasonable price.

Factors for overpricing include immediate proximity to amenities and transport, while the potential need for work could be a factor for underpricing.