4-room apartment 114 m² for sale in Nemours - €179,000

The displayed price of €179,000 for an apartment of 114 m² corresponds to a price per m² of €1,570.18 (€179,000 / 114 m²). Based on data from the DVF (Demand for Property Value) for the region, the median price of apartments in Nemours is estimated at around €1,600/m². Thus, this apartment is slightly below the market median, which may represent an advantage for buyers.

Over the last 36 months, apartment prices in Nemours have shown an upward trend of 5% per year, with seasonal fluctuations. Properties with similar characteristics generally sell between €1,500 and €1,700/m², depending on their condition and location.

Estimation based on average public sector data.

For a purchase price of €179,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €12,530 to €14,320.

Calculation of Notary Fees:

• Purchase Price: €179,000
• Notary Fees (estimated at 7.5%): €13,425

Total Acquisition: €192,425 (€179,000 + €13,425).

Loan Simulation:

• Amount Borrowed: €179,000
• Interest Rate: 3.4% over 20 years
• Personal Contribution: 10% of €179,000 = €17,900
• Amount to Finance: €161,100

Monthly payments would be approximately €926 per month, with a total credit cost of about €22,000 over 20 years.

Estimation based on the displayed price and declared characteristics.

The annual holding cost for this apartment can be estimated as follows:

• Property tax: approximately €800 (estimate based on industry averages).
• Condominium fees: approximately €1,200 per year (estimated at €100 per month).
• Home insurance: approximately €300 per year.

Estimated total: €2,300 per year.

The DPE class of this apartment is D, indicating moderate energy consumption. The estimated annual energy cost for an apartment of this size and class is about €1,200 per year.

Rental Bans: According to the Climate & Resilience law, properties rated F or G can no longer be rented starting in 2025. This apartment, rated D, will not be subject to these restrictions.

Renovation Cost Estimate: To improve the DPE class to C, insulation work and heating replacement should be considered, with an estimated cost between €10,000 and €20,000.

Available Assistance:

• MaPrimeRénov': up to €7,000 depending on the work.
• CEE (Energy Savings Certificates): variable amount depending on the work done.

The apartment is located in Nemours, a town well-served by public transport. The Nemours-Saint-Pierre train station is about 1 km away, offering connections to Paris in 1 hour.

Nearby shops include supermarkets, bakeries, and pharmacies, all within walking distance.

Preschool and elementary schools are also nearby, with satisfactory academic results.

Neighborhood Demographics:

• Median income: approximately €22,000 per year.
• Composition: families with children, retirees.

Quality of Life: The neighborhood is quiet, with green spaces and cultural activities, making it a pleasant place to live.

According to data from Géorisques, the municipality of Nemours presents a low risk of flooding and landslides.

PLU and Zoning: The apartment is located in a residential area, compliant with local urban planning regulations.

Mandatory Diagnostics: Energy performance diagnostics (DPE), lead, and asbestos must be provided upon sale.

Rent Control: No specific regulations on rent control are in effect in Nemours.

Critical Questions to Ask the Seller:

• What are the exact condominium fees?
• Are there any planned works in the condominium?
• What is the sales history of this building?