T1 Apartment 22 m² for Sale in Les Sables d'Olonne - €139,100

The listed price for this apartment is €139,100, which translates to a price per m² of €6,322.73 (calculated from the listed price and declared characteristics). In the Sables d'Olonne market, the median price per m² for similar apartments is around €3,800 to €4,500 according to the DVF (Données de Valeur Foncière) data from 2023. This indicates that this apartment is above the market median, which may be justified by its proximity to the beach and its renovated condition.

Over the last 12 months, apartment prices in this area have seen an increase of about 5%, with a continued upward trend due to the increased demand for coastal properties.

Estimation based on average public sector data.

For a purchase price of €139,100, notary fees are estimated between 7% and 8% for an older property, which is approximately €9,737 to €11,128 (calculation based on current professional scales).

Loan Simulation:

• Loan amount: €139,100
• Personal contribution: 10% or €13,910
• Amount to finance: €125,190
• Interest rate: 3.4% over 20 years
• Estimated monthly payment: approximately €735

Gross Rental Yield:

• Estimated rent for a T1 in this area: €550 per month.
• Gross rental yield: (€550 * 12) / €139,100 = 4.73%.

Annual Holding Cost:

• Estimated property tax: €600 (estimate based on sector averages).
• Condominium fees: approximately €1,200 per year (estimate based on market data).

Estimation based on declared characteristics and public data.

The DPE (Energy Performance Diagnosis) is not specified in the provided data. However, for an apartment built in 1980, it is reasonable to assume that it could have a class D or E, which corresponds to an estimated annual energy consumption between 150 and 250 kWh/m².

Estimated annual energy cost:

• For example, for a consumption of 200 kWh/m², the estimated annual energy cost could be around €440 (calculated based on an average rate of €0.22/kWh).

Available aids:

• In case of renovation to improve the energy class, aids such as MaPrimeRénov' may be accessible, with amounts varying between €1,500 and €5,000 depending on the work done.

Data not available at this date.

The apartment is located near the Arago market and the beach, offering a pleasant living environment.

Transportation:

• The Sables d'Olonne train station is about 1.5 km away, with regular trains to La Roche-sur-Yon and Nantes.
• Nearby bus stops serve the city center and the beaches.

Amenities:

• Local shops: supermarkets, bakeries, restaurants.
• Schools: several educational institutions within a 1 km radius, with generally satisfactory academic results.

Demographics:

• The population of Sables d'Olonne is approximately 14,000 inhabitants, with a median household income of about €25,000 per year (source INSEE, 2020).

Urban Projects:

• Several urban redevelopment projects are underway to improve access to transportation and green spaces.

Data not available at this date.

The apartment is located in a coastal area, which involves certain natural risks:

• Flooding: Potentially flood-prone area, according to Géorisques data.
• Seismicity: Low seismic risk in the region.

Regulations:

• The PLU (Local Urban Plan) must be consulted to know the construction and development rules.
• Mandatory property diagnostics to be provided upon sale: Energy Performance Certificate (DPE), lead, asbestos, etc.

Critical questions to ask:

1. What is the energy class of the property?
2. Are there any planned works in the co-ownership?
3. What are the exact co-ownership charges?
4. Are there any easements or specific constraints related to the property?

Data not available at this date.