House T7 215 m² for sale Cholet - €366,450

The displayed price for this house is €366,450, which corresponds to a price per m² of €1,704 (calculated from the displayed price and the declared area of 215 m²). In the Cholet market, the median price per m² for similar houses is estimated at around €1,600 (source: DVF DGFiP, consulted in 2023). This places this house slightly above the market median, which can be justified by its features, including the garden, garage, and full basement.

Over the last 12 months, house prices in Cholet have increased by about 5%, indicating an upward trend in this sector. Potential buyers should also consider the proximity to the Halles and Glisséo, which are assets for the quality of life in the neighborhood.

For the acquisition of this house, notary fees are estimated between 7% and 8% of the purchase price, or approximately €25,653 to €29,316 (calculation based on current professional rates). This brings the total acquisition cost to approximately €392,103 to €395,766.

Regarding financing, with a down payment of 10% (€36,645), the amount to be borrowed would be €329,805. Considering an average interest rate of 3.4% over 20 years, the monthly payment would be around €1,800 (calculation based on current loan rates). This represents a significant savings effort for potential buyers.

If this house is considered as a rental investment, the gross rental yield can be estimated at around 5% based on a monthly rent of €1,500 (estimate based on local rents). After deducting charges and property tax, the net yield could be around 4%.

The DPE class of this house is not specified in the provided data. However, for a house of this size and age, it is reasonable to assume it could be between C and D. The annual energy cost for a house rated D is estimated at around €1,500 (estimate based on sector averages).

In the case of renovation work to improve energy performance, available aids may include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €5,000 depending on the work done.

The house is located in Cholet, near the Halles and Glisséo, offering easy access to shops, schools, and public transport. The neighborhood is quiet and residential, making it a pleasant place to live for families. Public transport is accessible with bus lines nearby, and the Cholet train station is about 10 minutes by car.

Demographics: Cholet has about 55,000 inhabitants, with a median income per household of around €24,000 per year (source: INSEE, 2021). This indicates a relatively stable population and a demand for family housing.

According to data from Géorisques, the Cholet area does not present major risks of flooding or seismic activity. However, it is important to check local regulations regarding the PLU (Local Urban Plan) to ensure there are no restrictions on future work. Mandatory diagnostics must also be provided by the seller, including the DPE, asbestos diagnosis, and lead diagnosis if the house was built before 1997.