T3 Apartment 58 m² for Sale Livry-Gargan - €205,000, DPE C

The listed price of the apartment is €205,000 for an area of 58 m², resulting in a price per m² of €3,527 (€205,000 / 58 m²). Based on average public data for the sector, the price per m² for similar apartments in Livry-Gargan generally ranges between €3,200 and €3,800.

Estimation based on average public data for the sector:

• Median price per m²: €3,500
• Deviation from the median: +0.77% (€3,527 is above the median)

Price Trend: Over the last 12 months, apartment prices in Livry-Gargan have increased by approximately 2.5%, according to DVF (Demand for Land Value). This trend indicates a slightly dynamic real estate market, which can be a positive factor for potential buyers.

For a purchase price of €205,000, notary fees are estimated between 7% and 8% in the old market, or approximately €14,350 to €16,400. This brings the total acquisition cost to €219,350 to €221,400.

Loan Simulation:

• Amount borrowed: €205,000 - 10% down payment (€20,500) = €184,500
• Current average interest rate: 3.4% over 20 years
• Estimated monthly payment: €1,069 (calculated with a loan simulator)

Annual Holding Cost:

• Estimated property tax: €1,200 (estimate based on sector averages)
• Condominium fees: €150 per month or €1,800 per year.

Total Annual Cost: €3,000 (property tax + condominium fees).

The apartment is rated DPE C, indicating good energy performance. The estimated annual energy consumption is about 80 kWh/m². For a 58 m² apartment, this represents an annual energy cost of approximately €460 (calculated based on the average price of electricity and gas).

Rental Bans: According to the Climate & Resilience Law, properties rated F or G can no longer be rented starting in 2025. This property, rated C, is not subject to this restriction.

Estimated Renovation Cost to Gain a Class: To improve the DPE from C to B, it is estimated that a budget of €10,000 to €15,000 would be necessary, including insulation and replacement of heating equipment.

Available Aid: MaPrimeRénov' could cover part of the renovation costs, with amounts ranging from €1,500 to €5,000 depending on the work done.

The apartment is located in the Jacob sector of Livry-Gargan, a residential neighborhood appreciated for its tranquility and amenities.

Transport:

• Proximity to the RER B station 1.5 km away, with direct access to Paris in 30 minutes.
• Bus stops within 300 meters, serving several lines to surrounding cities.

Amenities:

• Local shops: supermarket, bakery, pharmacy within 500 meters.
• Schools: several educational institutions (nursery and primary) within 1 km, with good academic results.
• Green spaces: the Coteaux d'Avron park is nearby, offering recreational and walking areas.

The property is located in a low flood risk area, according to Géorisques data. However, it is important to check the mandatory technical diagnostics, including DPE, lead, and asbestos.

Regulations:

• The property is subject to condominium rules, with monthly fees to consider.
• Voted works in the general assembly must be respected, and it is advisable to request the pre-dated state to know upcoming projects.

Points of Vigilance:

• Check the condition of common areas and any potential works to be expected in the condominium.
• Ensure the solvency of potential buyers if the purchase is considered as a rental investment.