T3 Apartment 60 m² for sale in Houilles - €290,000, bright

The listed price for this apartment is €290,000, which corresponds to a price per m² of €4,833 (calculated from the listed price and declared characteristics). Based on public data from the DVF (Demand for Real Estate Value), the median price per m² for apartments in Houilles is estimated at €3,800 (source: DVF DGFiP, consulted in 2023). This means that the price of this apartment is 27% higher than the market median.

Over the last 12 months, apartment prices in Houilles have seen an increase of about 5%, indicating an upward trend in the local real estate market. This trend can be attributed to the growing demand in the sector, particularly from first-time buyers and families seeking spacious housing.

In terms of positioning, this apartment is located in the Main de Fer neighborhood, which is considered sought after due to its proximity to amenities and public transport. This neighborhood has a good reputation, which may justify a price above the market median.

For a purchase at €290,000, notary fees are estimated between 7% and 8% for an older property. This represents an additional cost of €20,300 to €23,200 (calculation based on current professional scales).

Considering a mortgage over 20 years at the current average rate of 3.4% with a 10% down payment (€29,000), the amount borrowed would be €261,000. The estimated monthly payment would be around €1,500 (calculation based on current interest rates and loan duration).

The annual holding cost, including property tax, is estimated at about €1,200 (estimate based on sector averages), not including condominium fees which may vary depending on the services offered.

The Energy Performance Diagnosis (DPE) is not specified in the provided data. However, for an apartment of this size and age, it is reasonable to estimate a DPE class around D, with an estimated annual energy consumption of 1,200 kWh/m² (estimate based on average public sector data).

The annual energy cost could therefore be around €1,200 (calculation based on the average electricity price in France, which is about €0.15/kWh). It is important to note that renovation work may be necessary to improve this energy performance, with an estimated cost of €10,000 to €15,000 to reach a class C, depending on the work done (estimate based on current professional scales).

Available aids for renovation may include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts varying depending on the work performed.

The apartment is located near several transport lines, including the Transilien train line that connects Houilles to Paris in about 20 minutes. The nearest station is about a 10-minute walk away. Additionally, several bus lines serve the neighborhood, providing easy access to other parts of the city and neighboring municipalities.

Regarding shops, the Main de Fer neighborhood has several supermarkets, bakeries, and restaurants, all within walking distance. Nursery and elementary schools are also nearby, which is an asset for families.

In terms of quality of life, the neighborhood is known for its calm and safety, with several green spaces nearby, promoting a pleasant living environment for residents.

According to data from Géorisques, the municipality of Houilles is not particularly exposed to flooding or seismic risks. However, it is advisable to check urban planning documents to ensure that no easements or restrictions apply to the property.

Regarding the PLU (Local Urban Plan), it is important to consult the current urban planning rules to know the possibilities for extending or modifying the apartment. Mandatory diagnostics must also be provided by the seller, including the DPE, the lead exposure risk report (CREP), and the state of electrical and gas installations.

Finally, it should be noted that if the apartment is located in a condominium, specific rules may apply regarding the management of common areas and the work to be carried out.

Compared to other T3 apartments in the Houilles area, this apartment is positioned above the market median, which is around €3,800 per m². The advantages of this property include its brightness, the presence of a balcony, and its location in a quiet and sought-after neighborhood. However, a disadvantage could be the price, which might deter some first-time buyers.

The negotiation margin is estimated at around 5% depending on current market demand, which could allow buyers to discuss the price with the seller.