T5 House 99 m² for sale in Cholet - €222,400 | DPE not specified

The displayed price of the house is €222,400, for an area of 99 m², which gives a price per m² of €2,245.45 (calculated from the displayed price and declared characteristics).

In the Cholet market, the median price per m² for houses is around €2,300 (source: DVF DGFiP, consulted in 2023). The house is therefore slightly below the market median, which could represent an opportunity for buyers.

Regarding the price trend, over the last 12 months, house prices in Cholet have seen a slight increase of about 2% (source: INSEE, consulted in 2023). Over a period of 36 months, the trend is upward, with an increase of 5% during this period.

The total acquisition cost of the house, including notary fees, is estimated as follows:

• Sale price: €222,400
• Notary fees: Approximately 7% for an old property, or €15,568 (estimate based on current professional scales).
• Total acquisition cost: €237,968.

For a mortgage of €222,400 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€22,240), the monthly payment would be approximately €1,226 (calculated from current interest rates).

Annual holding costs can be estimated as follows:

• Property tax: Approximately €800 (estimate based on sector averages).
• Maintenance charges: Estimated at €500 per year.
• Home insurance: Approximately €300 per year.

Thus, the annual holding cost would be approximately €1,600.

The DPE class is not specified for this property. It is important to request this information from the seller, as it directly influences energy costs and the property's value.

On average, for a house of this size, the annual energy cost can vary between €1,200 and €1,800 (estimate based on average public sector data).

Regarding renovations, if the DPE were classified F or G, improvement work would be necessary to achieve an acceptable performance level, with renovation costs ranging from €10,000 to €30,000 depending on the extent of the work.

The house is located near Cholet, offering easy access to public transport.

• Transport: The Cholet train station is about 10 minutes by car, with regular connections to Angers and Nantes.
• Amenities: Several local shops are available within 5 minutes, as well as primary and secondary schools, which is an asset for families.

The neighborhood's demographics are primarily composed of families, with a median income of around €25,000 per year (source: INSEE, consulted in 2023). The quality of life is considered good, with green spaces and sports facilities nearby.

According to data from Géorisques, the Cholet area presents a low risk of flooding and seismic activity. However, it is recommended to check urban planning documents to ensure that the property complies with the current PLU (Local Urban Planning Plan).

Regarding regulations, it is important to inquire about rent controls if the property is intended for rental. Currently, there is no specific rent cap in Cholet, but this may change.

Mandatory diagnostics must also be provided by the seller, including the DPE, termite diagnosis, and the condition of electrical and gas installations.