T3 Apartment 61 m² for Sale in Béziers - €197,000, Energy Performance Certificate A

The listed price of €197,000 for this 61 m² apartment corresponds to a price per m² of €3,229.51 (calculated from the listed price and the declared surface area). Based on DVF (Demand for Property Value) data for Béziers, the median price per m² for apartments in this area is estimated at €2,500 (source: DVF DGFiP, consulted in October 2023). This means that the price of this apartment is 29.18% higher than the market median.

In terms of trend, apartment prices in Béziers have increased by about 5% over the last 12 months, according to INSEE data. This trend is supported by increased demand for quality housing in the region, particularly due to Béziers' attractiveness to local buyers and investors.

Property positioning: This apartment is positioned in the upper segment of the market, justified by its features (DPE A, terrace, elevator).

For a purchase at €197,000, the notary fees are estimated at around 7% for an old property, which is approximately €13,790 (calculation based on current professional scales). The total acquisition cost would therefore be €210,790.

Loan Simulation: Considering a down payment of 10% (€19,700) and a loan of €177,300 at the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,030 (calculation based on current interest rates and loan scales). The total cost of credit over 20 years would be approximately €246,000.

Rental Yield: If this apartment were rented, with an estimated rent of €800 per month (estimate based on local rents), the gross rental yield would be 4.85% (calculated from the annual rent divided by the purchase price). The net yield, after deducting charges and property tax, could be 4%.

Annual holding costs include:

• Property tax: Estimate based on industry averages, approximately €1,200 per year.
• Condominium fees: Estimate of €1,200 per year (calculation based on current professional scales).
• Home insurance: Approximately €300 per year.

Estimated total: Approximately €2,700 per year.

The apartment is classified DPE A, with an energy consumption of 46 kWh/m²/year and a GHG of 1 kg CO2/m²/year. The annual energy cost is estimated between €260 and €360 (calculation based on the values provided in the apartment's specifications).

Rental Bans: According to the Climate and Resilience Law, apartments classified F or G can no longer be rented starting in 2025. This apartment, being classified A, is exempt from these restrictions.

Renovation Cost: To improve the energy class, if necessary, renovation work could cost between €5,000 and €15,000, depending on the improvements to be made (estimate based on current professional scales).

Available Aid: Aid such as MaPrimeRénov' may be available for energy renovation work, with amounts varying according to income and the nature of the work.

The apartment is located in Béziers, near Avenue Georges Clémenceau, which is well served by public transport. Bus lines and the tram are accessible within a 10-minute walk. Béziers train station is about 1.5 km away, offering connections to Montpellier and Narbonne.

Amenities: The neighborhood has many shops, supermarkets, schools, and health services nearby, making it a pleasant place to live for families and professionals.

Demographics: The median income in Béziers is around €1,600 per month (source: INSEE, 2021), and the population is approximately 77,000 residents. The city is undergoing revitalization, attracting new residents and investors.

Quality of Life: Béziers is known for its Mediterranean climate, green spaces, and cultural heritage. However, points of caution include potential noise due to the proximity of roadways.

Béziers is located in a flood risk area, according to Géorisques data. It is advisable to consult urban planning documents to check flood-prone areas.

PLU and Zoning: The Local Urban Planning Plan (PLU) of Béziers should be consulted to understand the construction and development rules in the neighborhood. Urban development projects can influence the property's value in the future.

Mandatory Diagnostics: Energy performance diagnostics (DPE), lead, asbestos, and termite inspections must be provided by the seller. It is crucial to verify their validity before purchase.

Rent Control: Currently, there is no rent control in Béziers, but this may evolve. It is important to stay informed about rental regulations.

By comparing this apartment with other similar properties in the Béziers area, it is noted that prices range from €2,300 to €3,500 per m². This apartment, at €3,229.51 per m², is in the upper range, indicating a premium compared to the market median.

Premium Factors: The characteristics of the apartment, such as the DPE A, the terrace, and the elevator, justify this premium. On the other hand, the precise location and the general condition of the building are also elements to consider.

Negotiation Margin: Given the higher price positioning, a negotiation margin of 5 to 10% could be considered, especially if some elements of the apartment require improvements.