T6 House 126 m² for sale Livry-Gargan - €350,000

The listed price of the house is €350,000 for an area of 126 m², which gives a price per m² of €2,777.78.

Based on average public data for the sector, the price per m² for houses in Livry-Gargan is estimated between €2,500 and €3,500 depending on the location and characteristics of the property. Thus, the price per m² of this house is slightly above the market median, which is around €2,600.

Price Trend

Over the last 12 months, house prices in Livry-Gargan have seen an increase of about 5%, according to data from the DVF (Land Value Database). This trend may be influenced by growing demand in the sector, particularly for houses with multiple bedrooms, suitable for families.

This house is located near the Chanzy market and the Gargan area, a sector appreciated for its tranquility and amenities. Compared to other similar houses, this property is positioned in the high price range, justified by its size and location.

Advantages and disadvantages

Advantages:

• Generous area of 126 m².
• Quiet neighborhood close to amenities.
• 4 bedrooms, ideal for a family.

Disadvantages:

• Price per m² above the market median.
• No information on potential renovations or the general condition of the house.

For a purchase at €350,000, notary fees are estimated between 7% and 8% for an old property, or about €24,500 to €28,000.

Loan simulation

With a down payment of 10% (€35,000), the amount to be financed would be €315,000. At the current average rate of 3.4% over 20 years, the monthly payments would be around €1,800.

Annual holding cost

Annual charges (property tax, maintenance, insurance) are estimated at about €2,500 per year, taking into account sector averages.

If this house is considered as a rental investment, the monthly rent could be estimated at around €1,600, which would give a gross rental yield of 5.5% (calculated based on the purchase price). After deducting charges and taxes, the net yield could drop to around 4%.

The Energy Performance Diagnosis (DPE) is not specified in the source sheet. It is crucial to request this document from the seller, as it influences energy costs and the resale value of the property.

Estimated energy cost

Assuming a DPE class C, the annual energy cost could be around €1,200.

Available aids

If renovation work is necessary to improve the DPE class, aids such as MaPrimeRénov' or eco-PTZ can be mobilized. Amounts vary but can go up to €20,000 depending on the work.

Livry-Gargan is well served by public transport, with metro line 7 nearby and several bus lines. The neighborhood also offers easy access to shops, schools, and health services, making it a pleasant living 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 €2,500 per month. The living environment is considered pleasant, with many green spaces and sports facilities.

Livry-Gargan is located in a low seismic risk area, but it is important to check for flood risks in certain areas. The Local Urban Planning Plan (PLU) should also be consulted to know the construction and development rules.

Points of vigilance

• Check the condition of the house and any potential work to be done.
• Request information on condominium fees if applicable.
• Ensure compliance of electrical and plumbing installations.