T5 House 109 m² for Sale in Les Sables d'Olonne - €559,000

The price of the house is €559,000 for a surface area of 109 m², which corresponds to a price per m² of €5,134.86 (calculated from the displayed price and the declared characteristics). In comparison, the median price per m² in the Sables d'Olonne area is estimated at €4,500 (source: DVF DGFiP, consulted in 2023). This places this house above the market median, indicating a premium of 14.3% compared to the median price. Over the last 12 months, prices in this sector have increased by 5% (source: Notaires de France, report 2023).

The real estate market in Les Sables d'Olonne is dynamic, with a growing demand for family homes, particularly in the Arago neighborhood, known for its proximity to the beach and amenities. Current trends show an increased interest in homes with gardens and garages, due to the search for outdoor spaces post-COVID. Homes with 4 to 5 bedrooms are particularly sought after by families.

For a purchase of €559,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €39,130 to €44,720 (estimate based on current professional scales). The total acquisition cost would therefore be between €598,130 and €603,720.

Considering a contribution of 10% (€55,900), the amount to be financed would be €503,100. With an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €2,800 (calculated based on current rates). The total cost of interest over the duration of the loan would be approximately €70,000.

If this property were rented, with an estimated rent of €1,800 per month, the gross rental yield would be 3.86% (calculated from the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could drop to around 3.2%.

The house is awaiting its Energy Performance Diagnosis (DPE). However, for a house built in 2006, it is reasonable to estimate that it could fall between classes B and C, with an estimated annual energy consumption of €1,200 (estimate based on average public sector data).

If the house were to be renovated to improve its energy performance rating by one class, the cost could range between €10,000 and €20,000, depending on the extent of the necessary work (estimate based on current professional rates).

Aids such as MaPrimeRénov' and the Energy Savings Certificates (CEE) could be mobilized to finance part of the renovation work, with amounts ranging from €2,000 to €10,000 depending on the work carried out.

The house is located near the Arago district, which enjoys easy access to public transport, including bus lines serving the city center and the beach. The nearest train station is about 1.5 km away, offering connections to La Roche-sur-Yon and Nantes. Local shops, including supermarkets and bakeries, are within walking distance.

The neighborhood has several educational institutions, ranging from preschool to middle school, with generally satisfactory academic results. Health services, including doctors and pharmacies, are also nearby, contributing to the quality of life for residents.

The neighborhood is known for its tranquility and proximity to the beach, offering a pleasant living environment. Green spaces are available, and the community is active, with regular local events.

The Sables d'Olonne area is subject to flood risks, particularly due to its proximity to the sea. It is recommended to consult the risk maps available on the Géorisques website to assess the specific situation of this property.

The Local Urban Planning (PLU) of the municipality must be consulted to verify the construction and development rules applicable to this property. Easements may also exist, affecting the use of the land.

Real estate diagnostics, including the Energy Performance Certificate (DPE), lead, asbestos, and electricity, must be completed before the sale. It is essential to ensure that these documents are up to date and comply with legal requirements.