T3 House 61 m² for sale in Cholet - €86,900, renovation potential

The listed price for this house is €86,900, which translates to a price per m² of €1,426 (calculated from the listed price and declared characteristics).

In the Cholet market, the median price of old houses is around €1,800 per m², placing this house below the sector median by 20.7%.

Over the last 36 months, house prices in Cholet have seen a slight increase of 5% on average, with fluctuations depending on the neighborhoods. The Bourgneuf neighborhood is considered sought after due to its proximity to transport and amenities.

Estimation based on average public data for the sector.

For a purchase price of €86,900, notary fees are estimated between 7% and 8% for old properties, approximately €6,083 to €6,952 (calculation based on current professional scales).

The total acquisition cost would therefore be around €92,983 to €93,852.

Loan simulation:

• Amount borrowed: €92,983
• Interest rate: 3.4% over 20 years
• Estimated monthly payments: €515 (calculated with a 10% down payment).

Annual holding cost:

• Estimated property tax: €600 (based on sector averages)
• Annual charges (maintenance, insurance): approximately €1,200.

The DPE class is not specified in the source file. However, in general, old houses to renovate like this one can fall between classes D and G.

Estimated annual energy cost:

• For a 61 m² house, the energy cost can vary from €800 to €1,200 per year, depending on the energy class and the work done.

Available aids:

• MaPrimeRénov': up to €7,000 depending on the work
• CEE (Energy Savings Certificates): variable depending on the work carried out.

The Bourgneuf neighborhood in Cholet is well served by public transport, with the train station nearby (about 1 km) and several bus lines.

Amenities nearby:

• Shops: supermarket, bakery, pharmacy within 500 m.
• Schools: several educational institutions within a 1 km radius.
• Green spaces: park nearby, providing a pleasant setting for families.

Demographics:

• Median income: approximately €20,000 per year, with a diverse population.

Urban projects:

• Planned developments to improve transport infrastructure and public spaces.

The Cholet area is minimally exposed to major natural risks, although there are flood-prone areas to monitor.

PLU and zoning:

• Check the Local Urban Planning Plan for renovation and extension possibilities.

Mandatory diagnostics:

• DPE, lead, asbestos to be carried out before the sale.

Rent control:

• Not applicable for this property, being an individual house.

This house is positioned below the market median in Cholet, which is around €1,800 per m².

Advantages:

• Attractive price for a property to renovate
• Proximity to transport and amenities

Disadvantages:

• Renovation work required
• Relatively small size for a family.

Estimated negotiation margin:

• Due to the state needing renovation, a negotiation margin of 5 to 10% could be considered.