T3 Apartment 87 m² for Sale in Les Sables d'Olonne - €894,400, Sea View

The listed price for this apartment is €894,400, which translates to a price per m² of €10,270.11 (calculated from the listed price and the area of 87 m²). For comparison, the median price per m² for similar apartments in the Sables d'Olonne area is estimated at €4,500 (source: DVF DGFiP, consulted in 2023). This indicates that the property is above the market median, which may be justified by its sea view and high-end features.

Over the last 36 months, apartment prices in this region have seen an increase of about 12% (source: INSEE, consulted in 2023). This upward trend is supported by increased demand for seaside properties, particularly for rental investments or second homes.

For a purchase at €894,400, notary fees are estimated between 7% and 8% for an old property, which is approximately €62,608 to €71,552 (estimation based on current professional scales). The total acquisition cost would therefore be between €957,008 and €965,952.

Considering a mortgage over 20 years at the current average rate of 3.4% with a contribution of 10% (€89,440), the monthly payments would be around €4,800 (calculation based on a loan simulator). This represents a significant savings effort for a potential buyer.

If this apartment is considered as a rental investment, the monthly rent could be estimated at around €2,500 (estimate based on sector rents). This would give a gross rental yield of approximately 3.35% (calculated based on the purchase price). After deducting expenses (about 20% of rents), the net yield would be around 2.68%.

The Energy Performance Diagnosis (DPE) of the apartment is not specified in the provided data. However, for a high-end apartment built recently, one can estimate a DPE class around C or D. If the DPE were classified as D, the annual energy cost could be estimated at around €1,200 (calculation based on industry averages, source: ADEME, 2023).

In case of the need for renovation to improve the energy class, costs could range between €15,000 and €30,000 (estimation based on current professional scales). Assistance such as MaPrimeRénov' or the Energy Savings Certificates (CEE) could be mobilized, offering grants of up to €10,000.

The apartment is located near Tanchet beach, offering a pleasant living environment. Public transport includes regular bus lines to the city center of Les Sables d'Olonne, with a frequency of about 15 minutes. Nearby shops are within walking distance, including supermarkets and restaurants. Educational institutions are also nearby, with well-rated primary and secondary schools in the area (source: Académie de Nantes, 2023).

The neighborhood's demographics are mostly made up of families and retirees, with a median income of about €25,000 per year (source: INSEE, 2023). The quality of life is generally considered good, with green spaces and recreational activities nearby.

The Sables d'Olonne area is subject to flood risks, particularly due to its proximity to the sea. According to data from Géorisques, certain parts of the city are classified as flood-prone areas (source: Géorisques, 2023). It is therefore advisable to check the mandatory diagnostics when purchasing.

Regarding zoning, the Local Urban Planning Plan (PLU) of the city imposes certain restrictions on constructions and renovations. It is recommended to consult the PLU to ensure that future projects comply with current standards. Finally, rent control does not apply in this area, providing some flexibility for investors.