1 Room Apartment 36 m² for Sale Toulon - €95,500, Energy Performance Certificate Not Specified

The listed price of the apartment is €95,500 for an area of 36 m², which gives a price per m² of €2,652.78 (calculated from the listed price and declared characteristics). In the Toulon market, the median price per m² for similar apartments is around €3,000 (source: DVF DGFiP, consulted in October 2023). This means that this apartment is offered at a price 11.56% lower than the market median.

In terms of trend, prices in Toulon have increased by about 5% over the last 12 months, according to data from INSEE. This trend may be influenced by the growing demand for housing in this area, particularly due to the attractiveness of the sector for first-time buyers and investors.

Property positioning: This apartment is positioned as an affordable option for buyers looking to enter the Toulon real estate market, while also offering medium-term appreciation potential.

For the acquisition of this apartment, it is important to consider notary fees. Generally, for an older property, these fees amount to about 7-8% of the purchase price. For this apartment, this represents approximately €6,685 (calculated from the displayed price and declared characteristics).

Thus, the total acquisition cost would be €95,500 + €6,685 = €102,185.

Loan Simulation: Assuming a down payment of 10% (€9,550), the amount to be financed would be €85,950. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €502.23 (calculated using a loan simulator). The total cost of the loan would therefore be €120,533.80 over 20 years.

Rental Yield: If we consider a gross rental yield of 8%, this means that the potential rent would be approximately €638 per month (calculated from the displayed price and declared characteristics). The net yield, after deducting estimated charges of 20% (approximately €128), would be €510 per month, resulting in a net yield of 6.4%.

The Energy Performance Certificate (EPC) is not specified in the data provided. However, it is essential to know this information to assess annual energy costs. On average, an apartment of this size could have annual energy costs ranging from €800 to €1,200, depending on the energy class (source: ADEME).

Rental Bans: According to the Climate & Resilience law, properties classified as F or G can no longer be rented from 2025. Therefore, it is crucial to check the EPC class of this apartment before any investment.

Renovation Aids: If renovation work is necessary to improve energy performance, aids such as MaPrimeRénov' or Energy Savings Certificates (ESC) can be mobilized, with amounts ranging from €1,500 to €20,000 depending on the work carried out.

The apartment is located near public transport, facilitating access to bus lines and the tramway. The nearest tram station is about a 10-minute walk away, providing quick access to downtown Toulon.

Amenities: The neighborhood also has several shops, supermarkets, and schools within a 1 km radius, making it a convenient place to live for young professionals or families.

Demographics: The median household income in the area is about €22,000 per year, which is slightly below the national average. However, the population is growing, attracted by job opportunities and the quality of life in Toulon.

Quality of Life: The neighborhood is known for its tranquility, with several green spaces nearby, contributing to a pleasant living environment.

It is important to check the natural risks in the area, particularly flooding and seismic activity. According to data from Géorisques, Toulon is classified as a moderately risky area for flooding, which requires vigilance when purchasing.

Regulation: The Local Urban Planning Plan (PLU) should be consulted to know the construction and development rules in the sector. Furthermore, it is crucial to inform oneself about the mandatory diagnostics, including the DPE, lead, and asbestos, which must be provided by the seller.

Rent Control: If this apartment is intended for rental, it is necessary to inquire about the rent control regulations in force in the municipality, which may limit the amount of rent to be collected.

By comparing this apartment with other similar properties in the Toulon area, it appears that the price of €2,652.78 per m² is lower than the market median (around €3,000). This indicates that the property is attractive for first-time buyers and investors.

Factors for Overpricing or Underpricing: Features such as the presence of a balcony and an independent kitchen may justify a slight premium compared to other one-room apartments without these advantages. However, the absence of mention of the energy performance diagnosis (DPE) may be a factor for underpricing, as buyers are increasingly sensitive to the energy efficiency of homes.

Negotiation Margin: Given that the price is already below the median, the negotiation margin may be limited, but it is always advisable to discuss the terms of sale with the seller to assess flexibility on the price.