T3 House for Sale in Oullins (69600) - €280,000, 68 m²

The price of the house is €280,000 for an area of 68 m², which is a price per m² of €4,117.65.

Comparison with the market

Based on DVF (Demand for Property Value) data for Oullins, the median price per m² for houses in this area is estimated at €3,800 (source: DVF DGFiP, 2023). This means that the price of this house is 8.36% higher than the market median.

Price trend

House prices in Oullins have seen an increase of about 5% over the last 12 months, with a continuous upward trend over the last 36 months, where the increase has been 15% (source: INSEE, 2023).

For a purchase price of €280,000, notary fees are estimated at around 7% for an old property, which is €19,600.

Total Acquisition

• Purchase Price: €280,000
• Notary Fees: €19,600
• Total Acquisition Cost: €299,600

Loan Simulation

With a contribution of 10% (€28,000), the amount borrowed will be €252,000. At the current average rate of 3.4% over 20 years, the monthly payment will be approximately €1,479 (calculation based on a standard amortization schedule).

Rental Yield

If the house is rented, the average rent for a T3 in Oullins is about €1,200 per month (source: Rent Observatory, 2023). This gives a gross rental yield of 5.14% and a net yield (after estimated charges of 20%) of 4.11%.

The house is classified D on the DPE, which indicates an estimated annual energy consumption of 250 kWh/m² (source: DPE 2023).

Annual Energy Cost

With an average energy cost of €0.18/kWh, the annual energy cost is estimated at €3,024.

Rental Bans

According to the Climate & Resilience law, homes classified F or G can no longer be rented starting in 2025. Although this house is classified D, it is advisable to plan for renovations to improve energy performance.

Renovation Assistance

Assistance such as MaPrimeRénov' can be mobilized to finance energy renovation work, with amounts ranging from €1,500 to €5,000 depending on the work done (source: ANAH, 2023).

The house is located near the city center of Oullins and about a 10-minute walk from the Oullins metro station (line B), providing quick access to Lyon. Bus lines 19 and 88 also serve the area, with a frequency of every 15 minutes during peak hours (source: TCL, 2023).

Amenities

The neighborhood has several local shops, schools (elementary school and middle school within 500 m), and green spaces, contributing to a pleasant quality of life. The median household income in Oullins is approximately €2,500 per month (source: INSEE, 2023).

Oullins is classified as an area of low seismicity (zone 2) and does not present major flood risks (source: Géorisques, 2023).

PLU and Zoning

The Local Urban Planning Plan (PLU) of the city of Oullins imposes certain constraints on constructions and renovations. It is advisable to consult the PLU to check the possibilities for extension or modification of the property.

Mandatory Diagnostics

The seller must provide a technical diagnostics file (DPE, lead, electricity, gas) before the sale. It is important to verify the compliance of these diagnostics to avoid surprises after the purchase.

This house is positioned above the market median in Oullins, where the median price for similar houses (T3) is €3,800/m².

Advantages and Disadvantages

Advantages :

• 364 m² garden, garage, and cellar.
• Proximity to transport and shops.
• Quiet and residential neighborhood.

Disadvantages :

• Interior work required.
• Energy performance class D, requiring energy improvements.

Negotiation Margin

Estimated at around 5% due to the work required, which could allow for negotiating the price to around €266,000.