House T7 127 m² for sale in Cholet - €283,900, DPE A

The listed price of the house is €283,900 for an area of 127 m², which gives a price per m² of €2,236.61 (calculated from the listed price and declared characteristics).

In the real estate market of Cholet, the average price per m² for a house is around €2,300 (source: DVF DGFiP, consulted in 2023). Thus, the price of this house is slightly below the market median, which may represent an advantage for buyers.

In terms of trend, house prices in Cholet have increased by about 5% over the last 12 months, according to data from INSEE. This trend is supported by increased demand for family housing in the region, particularly those with good energy performance.

For the purchase of this house, notary fees are estimated between 7% and 8% of the purchase price, or about €19,000 to €22,000 (estimate based on current professional scales).

The total acquisition cost would therefore be around €302,900 to €305,900.

For a mortgage of €283,900 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€28,390), the monthly payment would be around €1,600 (calculated from current interest rates).

In terms of rental yield, if this house is rented, the monthly rent could be around €1,200 (estimate based on local market rents), which would give a gross yield of about 5.1%.

With an energy performance certificate (DPE) of class A, the annual energy consumption could be estimated between 50 and 70 kWh/m²/year, resulting in an annual energy cost of about €600 to €900 (estimate based on average public sector data).

The property tax for a house of this size in Cholet is estimated at around €1,200 per year (estimate based on sector averages).

The house is classified A according to the DPE, indicating excellent energy performance. This means it is very efficient in terms of energy consumption, which can reduce energy costs and increase attractiveness for environmentally conscious buyers.

According to the Climate & Resilience law, homes classified F or G will no longer be able to be rented from 2025, reinforcing the importance of good energy classification.

To improve the energy class, renovation work may be considered, with an estimated cost between €10,000 and €20,000 for significant improvements (estimate based on current professional scales). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance this work.

The house is located in Cholet, a dynamic city with many amenities. Public transport is accessible, with several bus lines nearby, facilitating access to the city center and surrounding areas.

The proximity to schools and shops is a major asset for families. The neighborhood is known for its tranquility and green spaces, offering a pleasant living environment.

The demographics of Cholet show a median income of about €1,800 per month, which is slightly below the national average, but the cost of living is also lower, making the city attractive for families and young professionals.

Cholet is located in a low flood risk area, according to Géorisques data. However, it is important to check for easements and the PLU (Local Urban Plan) to ensure there are no restrictions on future work.

Regarding regulations, it is essential to consider rent control, which may vary depending on the areas. Currently, there is no rent capping in Cholet, but this could change in the future.

Mandatory diagnostics, such as the DPE, must be provided at the time of sale, and it is advisable to request information about any work done on the house.

This house is positioned slightly below the market median in Cholet, with a price per m² of €2,236.61, compared to the median of €2,300. This may offer room for negotiation for buyers.

The advantages of this house include its energy performance (class A), its garden, and its generous space. However, potential drawbacks could be related to the age of the construction (1965), which may require updating or maintenance work.

Buyers are advised to ask questions about recent work done and the overall condition of the house to assess potential costs.