T2 Apartment 37 m² for Sale in Tournefeuille - €118,000

The listed price of the apartment is €118,000 for a surface area of 37 m², which corresponds to a price per m² of €3,189 (calculated from the listed price and declared characteristics).

In the Tournefeuille market, the median price of apartments is estimated at around €3,200 per m², placing this apartment slightly below the sector median.

Over the last 12 months, apartment prices in Tournefeuille have seen a slight increase of about 2% compared to the previous year, according to DVF DGFiP data.

This property is therefore positioned as an affordable option for first-time buyers and investors, particularly due to its proximity to the city center and amenities.

For a purchase at €118,000, notary fees for an old property are estimated between 7% and 8%. This represents an additional cost of approximately €8,260 to €9,440 (indicative range based on current professional scales).

The total acquisition cost would therefore be between €126,260 and €127,440.

For a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€11,800), the borrowed amount would be €106,200. Monthly payments would be around €610 (calculated from the borrowed amount and interest rate).

If this apartment is rented, the monthly rent could be estimated at around €650 (estimate based on market rents for T2 apartments in Tournefeuille). This would give a gross rental yield of approximately 6.6% (calculated from the annual rent divided by the total acquisition cost). The net yield, after deducting charges and property tax, could be around 5.5%.

Annual charges are estimated at around €1,200 (estimate based on average public data for the sector). The property tax for an apartment of this size in Tournefeuille is estimated at around €800 (estimate based on sector averages). The total annual holding cost would therefore be approximately €2,000.

The Energy Performance Diagnosis (DPE) of this apartment is not specified in the provided data. However, an apartment built in 2015 is generally classified between B and C, which implies an estimated annual energy consumption between 50 and 80 kWh/m² (estimate based on declared characteristics and year of construction).

The annual energy cost could therefore be estimated between €185 and €296 (calculated from the surface area and consumption estimates).

According to the Climate & Resilience law, apartments classified F or G can no longer be rented starting in 2025, which could be a point of concern for future investors.

For renovation work aimed at improving energy performance, aids such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized. Amounts vary depending on the work but can range from €1,500 to €5,000 (indicative range based on current professional scales).

The apartment is located in immediate proximity to the center of Tournefeuille, providing easy access to shops, schools, and health services. Bus lines serve the city with a frequency of about 15 minutes. The nearest metro station is about 5 km away, which may be a point of concern for young professionals or students.

The demographics of Tournefeuille show a median income of about €2,500 per month, which is slightly above the national average. The quality of life is generally considered good, with green spaces and sports facilities.

The municipality of Tournefeuille is classified in a low seismic risk zone, which limits the risks associated with earthquakes. However, there are flood risks in certain areas, and it is advisable to consult the Géorisques maps to assess the precise situation of the apartment.

Regarding the Local Urban Planning Plan (PLU), it is important to check the current construction and urban planning rules, particularly concerning any easements or restrictions on the property.