T2 Apartment 40m² for sale in Sevran - €90,000

The listed price for this T2 apartment of 40 m² in Sevran is €90,000, which corresponds to a price per m² of €2,250 (calculated from the listed price and declared characteristics). Based on average public data in the sector, the price per m² for similar apartments in the Sevran neighborhood ranges between €2,000 and €2,500, placing this property in the market median.

Over the past 12 months, apartment prices in Sevran have shown a trend towards stability, with a slight increase of about 2% compared to the previous year, according to DVF DGFiP data. This indicates a relatively stable market, with consistent demand for properties of this type, particularly for first-time buyers and rental investors.

For the purchase of this apartment at €90,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €6,300 to €7,200 (estimate based on current professional scales). The total acquisition cost would therefore be between €96,300 and €97,200.

Considering a mortgage of €90,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€9,000), the monthly payments would be around €500 (calculated from current interest rates). This represents a total interest cost of about €21,000 over the loan term.

For an investor, if the property is rented at a monthly rent of €700, the gross rental yield would be 9.3% (calculated on the purchase price), and the net yield, after deducting estimated charges of €150 per month, would be around 6.6%.

DPE (Energy Performance Diagnosis) data for this apartment not specified. However, in general, apartments from this era (built in 1996) tend to have an average energy class of D or E.

If the apartment is classified as D, the annual energy cost could be estimated at around €1,200 (estimate based on average public data in the sector). In case of renovation to improve the energy class, costs could range from €5,000 to €15,000, depending on the extent of the necessary work. Aid such as MaPrimeRénov' could be mobilized to finance part of these renovations.

The apartment is located in the Les Trèfles neighborhood in Sevran, which is primarily residential. The neighborhood is well served by public transport, with the Sevran-Livry train station about 1.5 km away, offering frequent connections to Paris.

Nearby shops include supermarkets and local boutiques, accessible on foot. The neighborhood is also close to several educational institutions, making it attractive for families. In terms of quality of life, the neighborhood is considered calm, with green spaces nearby, promoting a pleasant living environment.

The Sevran neighborhood is subject to flood risks, according to Géorisques data. It is recommended to consult urban planning documents to verify specific constraints related to the property.

Regarding regulations, it is important to check if any co-ownership work is planned, particularly concerning the DPE, which could impact the resale value of the property. Mandatory diagnostics must be provided by the seller at the time of sale.