T3 Apartment 65 m² for Sale in La Valette-du-Var - €172,000

The listed price for this T3 apartment of 65 m² is €172,000, which translates to a price per m² of €2,646 (calculated from the listed price and declared area). Based on public DVF data, the median price per m² for similar apartments in La Valette-du-Var is estimated at €2,500 (source: DVF DGFiP, consulted in October 2023). This property is therefore slightly above the market median, which may be explained by its features (balcony, cellar, air conditioning) and its location close to schools and amenities.

Over the last 12 months, apartment prices in the region have seen an increase of about 5%, reflecting a rising trend in the local real estate market. Similar properties generally sell between €2,400 and €2,800 per m², placing this apartment in a competitive range.

For a purchase at €172,000, notary fees are estimated between 7% and 8% for an old property, or about €12,040 to €13,760 (indicative range based on current professional scales). The total acquisition cost would therefore be between €184,040 and €185,760.

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€17,200), the borrowed amount would be €154,800. Monthly payments would be around €895 (calculated based on a loan simulator). The total interest cost over the loan term would be approximately €36,000.

For a rental investment, the gross yield is estimated at 5.7% (calculated based on an estimated monthly rent of €820). The net cash flow, after deducting charges and property tax, would be around €200 per month, representing a good return on investment.

The apartment has an energy performance certificate rated D, with an energy consumption of 228 kWh/m²/year and greenhouse gas emissions (GHG) of 49 kgCO2/m²/year. The annual energy cost is estimated between €1,200 and €1,700, depending on usage (estimate based on declared characteristics).

According to the Climate & Resilience law, properties rated F and G will no longer be able to be rented starting in 2025. This apartment, rated D, will not be affected by this ban.

To improve the energy class, renovation work is estimated between €10,000 and €20,000, depending on material and installation choices. Assistance such as MaPrimeRénov' can be mobilized to reduce the cost of the work.

The apartment is located in La Valette-du-Var, in immediate proximity to schools and shops. The neighborhood is considered calm and residential, making it a pleasant living place for families. Public transport is accessible with bus lines less than 500 meters away, facilitating access to Toulon and the surrounding areas.

The neighborhood's demographics indicate a median income of around €2,500 per month, which is slightly above the national average. The quality of life is rated good, with green spaces nearby and a low crime rate. Urban development projects are planned, which could increase property values in the coming years.

The property is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements that could affect the use of the property. The Local Urban Plan (PLU) of La Valette-du-Var should also be consulted to ensure that future projects do not harm the value of the apartment.

Regarding rent control, no specific regulations are currently in place in this municipality, but it is advisable to stay informed about legislative developments that could impact the rental market.