House T8 205 m² for sale La Valette-du-Var - €748,800

The listed price of the house is €748,800 for a surface area of 205 m², which corresponds to a price per m² of €3,648.78. Based on data from the DVF (Demand for Property Value) for La Valette-du-Var, the median price per m² for similar houses is estimated at €3,500. Thus, the price of this house is 4.25% above the market median.

Over the last 24 months, house prices in the area have shown an upward trend of 5%, indicating a dynamic market. Houses with swimming pools and gardens, like this one, are particularly sought after, which may justify a premium over the median price.

For a purchase at €748,800, notary fees are estimated between 7% and 8% for an old property, or approximately €52,416 to €59,904. This brings the total acquisition cost to approximately €801,216 to €808,704.

Considering a loan at an average rate of 3.4% over 20 years with a down payment of 10% (or €74,880), the borrowed amount would be €673,920. Monthly payments would be around €3,900, with a total interest cost of approximately €92,000 over the loan term.

If the buyer is considering a rental investment, the gross yield can be estimated at 4.5% based on a monthly rent of €3,400 (estimate based on the local rental market). The net cash flow after expenses and taxes could be around €1,500 per month.

The house is classified DPE C with a consumption of 155 kWh/m²/year. The annual energy cost is estimated between €2,470 and €3,400, depending on energy rates and consumption habits. This represents a reasonable energy cost for a property of this size.

The property tax for a house of this size in the area is generally estimated between €1,200 and €1,800 per year, depending on the specific characteristics of the property and the municipality. This represents an additional cost to consider in the annual budget.

The house has a DPE of class C, indicating correct energy performance. The consumption is 155 kWh/m²/year and greenhouse gas emissions are 5 kg CO2/m²/year.

According to the Climate & Resilience law, properties classified F or G can no longer be rented starting in 2025. This house, being classified C, is not subject to this ban.

To improve the energy class, renovation work may be necessary, with an estimated cost between €15,000 and €30,000 for significant improvements. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to reduce these costs.

La Valette-du-Var benefits from a good public transport network, with bus lines serving the city center and surrounding areas. The nearest train station is about 3 km away, offering connections to Toulon and Marseille.

The neighborhood is also well-equipped in terms of amenities, with supermarkets, schools, and healthcare facilities nearby. The neighborhood's demographics show a median income of around €2,500 per month, which is slightly above the national average.

The quality of life is appreciated, with green spaces and sports facilities nearby, contributing to a pleasant living environment.

La Valette-du-Var is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements or constraints related to the property.

Regarding the PLU (Local Urban Plan), it is advisable to consult local urban planning documents to ensure that future projects will not harm the property's value. Mandatory diagnostics, such as lead and asbestos, must be provided by the seller.

Finally, it is important to inquire about rent control if the buyer is considering a rental investment, as caps may apply.

Compared to similar houses in the area, this house is positioned above the market median. T8 houses with swimming pools and gardens generally sell between €700,000 and €800,000.

The advantages of this house include its generous size, outdoor amenities, and its location close to the city center. Disadvantages may include the maintenance cost of a house of this size and potential renovation work needed to improve energy performance.