6-Room House for Sale in Oullins (69600) - €535,000, 117 m²

The price of the house is €535,000, which translates to a price per m² of €4,570.09 (calculated from the displayed price and a surface area of 117 m²). Based on public data, the median price of houses in Oullins is around €3,800 per m², indicating that this property is above the market median by 20%. Over the last 12 months, house prices in Oullins have increased by 5%, according to DVF (Demand for Land Value) data.

This house stands out for its size and layout. With 5 bedrooms and a 1400 m² garden, it meets a growing demand for family homes in a quiet environment. The proximity to the metro, just a 4-minute walk away, is an additional asset, facilitating access to public transport for residents. In comparison, other similar houses in the neighborhood are selling between €480,000 and €600,000, placing this property in a competitive price range.

For a purchase price of €535,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €37,450 to €42,800. The total acquisition cost would therefore be between €572,450 and €577,800. Considering a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€53,500), the monthly payments would be around €2,800 per month.

If this property is rented, with an estimated rent of €1,800 per month, the gross rental yield would be 4.02% (calculated based on the purchase price). After deducting the estimated annual charges of €2,000, the net rental yield would be approximately 3.5%.

Annual holding costs include property tax, estimated at €1,200 (based on industry averages), condominium fees (if applicable), and home insurance, estimated at €600. The total annual holding cost would therefore be around €1,800.

Information on the EPC (Energy Performance Certificate) is not mentioned in the source sheet. It is recommended to request this certificate from the seller to assess energy consumption and associated costs. Generally, houses from the 1960s have an EPC class that can vary from C to E, with estimated annual energy costs ranging from €1,200 to €2,000 depending on the class.

If renovation work is necessary to improve the energy class, several aids can be mobilized, such as MaPrimeRénov' and the Energy Savings Certificates (CEE). The amounts can vary from €1,000 to €10,000 depending on the work carried out.

The house is located 4 minutes walk from the Oullins metro station, served by line B, which provides quick access to downtown Lyon. Additionally, several bus lines are accessible nearby, offering good connectivity to the public transport network.

The neighborhood offers various amenities, including supermarkets, schools, and healthcare facilities within a 10-minute walk. The neighborhood's demographics are predominantly family-oriented, with a median income of around €2,500 per month. Green spaces are also present, with the tree-lined park of 1400 m² adjacent to the property.

The Oullins area is classified as having a low flood risk according to Géorisques data. However, it is advisable to check seismic risks and consult the PLU (Local Urban Planning) for any construction constraints.

It is important to inquire about rent control, which can vary by area. In Oullins, rents are regulated by the ELAN law, which imposes a ceiling on rents based on the area and location. Mandatory diagnostics must also be provided by the seller.

By comparing this house with other similar properties in the area, it is noted that the price of €535,000 is above the market median, which is around €500,000 for comparably sized houses. Factors for the premium include the size of the garden and proximity to transportation. A negotiation margin of 5 to 10% is feasible, considering the current market trend.