T2 Apartment 38 m² for sale Livry-Gargan - €145,000

The listed price of the apartment is €145,000 for an area of 38 m², which corresponds to a price per m² of €3,815.79.

Comparison with the market

Based on DVF (Demand for Property Value) data for Livry-Gargan, the median price per m² for apartments in the Libération district is around €3,500 (source: DVF DGFiP, 2023). This means that the price per m² of this apartment is 9% higher than the market median.

Price trend

Over the last 12 months, apartment prices in Livry-Gargan have increased by about 5%, with a continuous upward trend observed since 2021. This trend may be attributed to the growing demand in the sector, particularly due to the attractiveness of the neighborhood and improvements in transport infrastructure.

Property positioning

This apartment is therefore positioned above the market median, which can be justified by its brightness, functional layout, and proximity to amenities.

For an apartment priced at €145,000, notary fees are estimated between 7% and 8% for older properties, or about €10,150 to €11,600 (estimate based on current professional scales).

Loan simulation

• Loan amount: €145,000 - 10% down payment (€14,500) = €130,500
• Interest rate: 3.4% over 20 years
• Estimated monthly payment: approximately €760 (calculated from the loan amount and interest rate)

Rental yield

If this apartment is rented, with an estimated rent of €750 per month (estimate based on local rents), the gross rental yield would be 6.2% (calculated based on annual rent divided by purchase price). After deducting charges and property tax, the net yield could be estimated at 5%.

Information regarding the DPE (Energy Performance Diagnosis) is not provided in the source sheet. However, it is important to note that the Climate & Resilience law imposes restrictions on renting properties classified F and G starting in 2025.

Estimated annual energy cost

Without the DPE, it is difficult to estimate the annual energy cost. Generally, for an apartment of this size, the cost could vary between €800 and €1,200 per year (estimate based on average public data in the sector).

Available aids

To improve energy performance, aids such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized. Amounts vary depending on the planned work but can range from €1,500 to €5,000 for energy renovations.

The apartment is located in the Libération district of Livry-Gargan, an area known for its calm and residential atmosphere.

Transport

• Train station: The Livry-Gargan train station is about 1.5 km away, served by line P of the Transilien, allowing quick access to Paris.
• Bus: Several bus lines are available nearby, facilitating travel to neighboring towns.

Amenities

The neighborhood has many local shops, supermarkets, and restaurants. Public and private schools are also accessible, making it a popular place for families.

Demographics and quality of life

The population of Livry-Gargan is about 40,000 inhabitants, with a median income per household of around €25,000 per year (source: INSEE, 2023). The living environment is pleasant, with green spaces and sports facilities.

Natural risks

Livry-Gargan is located in a low flood risk area according to Géorisques data. However, it is essential to check mandatory diagnostics before purchasing.

PLU and zoning

The Local Urban Plan (PLU) of Livry-Gargan imposes certain constraints on constructions and renovations. It is recommended to consult the PLU to know the specific rules applicable to the co-ownership.

Mandatory diagnostics

Before the sale, the seller must provide several diagnostics, including the DPE, state of risks and pollution, and lead diagnosis if the property was built before 1949. These documents are crucial to inform the buyer about the condition of the property.