T3 Apartment 89 m² for Sale in Valence - €149,000, DPE B

The price of the apartment is €149,000 for a surface area of 89 m², which gives a price per m² of approximately €1,676/m². Based on public data from the DVF (Demand for Real Estate Value), the median price per m² for an apartment in Valence is estimated at €1,600/m². The apartment is therefore slightly above the market median, which can be justified by its location in the city center and its modern features. Over the past 12 months, apartment prices in Valence have seen an increase of about 3% compared to the previous year, indicating an upward trend in the local real estate sector. Source: DVF DGFiP, consulted on 01/10/2023.

For a purchase of €149,000, notary fees are estimated at around 7% for an old property, or approximately €10,430. The total acquisition cost would therefore be €159,430. Considering a mortgage at an average rate of 3.4% over 20 years with a down payment of 10% (€14,900), the monthly payments would be approximately €735.

Annual Energy Cost

With a DPE rated B, the annual energy cost is estimated between €1,660 and €2,290, depending on usage and household size.

Property Tax

The estimated property tax for an apartment in Valence is about €800 per year, based on sector averages.

The apartment has a DPE of 255, rated B, indicating good energy performance. Estimated annual energy costs range between €1,660 and €2,290, depending on consumption habits. Owners of properties rated F or G should prepare for rental bans starting in 2025, according to the Climate & Resilience law. To improve the energy class, renovation work should be considered, with an estimated cost between €10,000 and €20,000 to reach class A. Assistance such as MaPrimeRénov' can be mobilized, with amounts varying depending on the work carried out.

The apartment is located in the city center of Valence, in immediate proximity to shops, schools, and public transport. Valence train station is about a 10-minute walk away, offering connections to Lyon and Marseille. The neighborhood is characterized by a lively atmosphere, with many restaurants and cafes. Green spaces, such as Jouvet Park, are within walking distance, contributing to the quality of life. The neighborhood's demographics are diverse, with a population of about 63,000, and a median income of approximately €22,000 per year. Urban projects nearby include the rehabilitation of certain commercial areas to enhance the attractiveness of the city center.

The property is located in a low flood risk area, according to Géorisques data. The PLU (Local Urban Plan) allows for the construction of buildings up to 10 meters high in this sector. Mandatory diagnostics, such as the DPE and asbestos, must be provided during the sale. In case of rental, rent control is in effect, with a rent ceiling set at €12.50/m² for apartments in this area. Buyers should also be aware of the legal withdrawal period of 10 days after signing the sales agreement.

The apartment is positioned slightly above the market median, with a price per m² of €1,676, compared to the median of €1,600/m². Advantages include its central location, modern features, and good overall condition. However, the lack of an elevator may be a disadvantage for some buyers. The negotiation margin is estimated at around 5% depending on current market conditions.