T2 House 210 m² for Sale Burgundy - €162,000

The price of the house is €162,000 for an area of 210 m², which gives a price per m² of €771.43 (calculated from the displayed price and declared characteristics). According to DVF data, the median price of houses in the Bourgogne sector is about €1,500/m², which means this property is offered at a price 48.5% lower than the market median. Over the last 12 months, house prices in the region have experienced a slight downward trend of 2.5%, which could indicate a market in adjustment. This property has significant development potential, which may attract buyers looking to renovate.

For the purchase of this house, notary fees are estimated at around 7% of the purchase price, or approximately €11,340 (calculation based on the displayed price and declared characteristics). The total acquisition cost amounts to €173,340.

Considering a loan of €162,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€16,200), the monthly payments would be approximately €930 (calculation based on current professional scales). The total interest cost over the loan period would be around €29,000.

If this property is intended for rental investment, the gross rental yield could be estimated at 6% if the monthly rent is set at €1,000, which would result in positive cash flow after deducting the monthly payments.

This house is exempt from the Energy Performance Certificate (DPE), meaning that no energy class is assigned. In the absence of data, the estimated annual energy cost cannot be calculated. According to current regulations, homes classified as F or G can no longer be rented out from 2025, which could affect resale value if renovation work is not undertaken. Available aids for renovation may include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €10,000 depending on the work carried out.

The house is located in Bourgogne (51110), near Cormicy. The neighborhood is quiet, with easy access to main roads. Public transport is limited, but the nearest train station is about 10 km away, offering connections to Reims and Laon. Local shops are available in the center of Cormicy, about 5 km away, including supermarkets and health services. The region's demographics show a median income of around €1,800 per month, with a population mainly composed of families and retirees. The quality of life is appreciated for its peaceful environment and green spaces.

The property is located in a low flood risk area according to Géorisques data. However, it is important to check for any easements on the land. Regarding regulations, the PLU of Burgundy must be consulted to understand the possibilities for construction or development. The mandatory diagnostics for sale include asbestos and lead, which must be carried out before the transaction. The buyer's rights include a withdrawal period of 10 days after signing the sales agreement.

Compared to other 2-room houses in the area, this property is offered at a price below the market median, which is around €1,500/m². The advantages of this house include its potential for development and its 600 m² plot, which is rare in this area. On the other hand, its condition requiring renovation work may be a disadvantage for some buyers. The negotiation margin could be estimated at 5-10% due to the condition of the property and the market trend.