3-Room House 50 m² for Sale in Grez sur Loing - €192,000

The listed price for this house is €192,000, which is €3,840/m² for a surface area of 50 m². According to data from the DVF (Demand for Real Estate Value), the median price of houses in the Grez sur Loing region is approximately €3,500/m². This price is therefore 9.7% higher than the market median. Over the last 12 months, house prices in this area have experienced an increase of about 5%, indicating an upward trend.

In terms of positioning, this house is situated in a price range slightly above the median, which can be justified by its 600 m² plot and separate garage. However, the need for renovation may influence the perception of its value in the market.

For a price of €192,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €13,440 to €15,360. This brings the total acquisition cost to approximately €205,440 to €207,360.

Considering a 20-year loan at the current average rate of 3.4% with a 10% down payment (€19,200), the borrowed amount would be €172,800. The monthly payments would be approximately €1,002, resulting in a total interest cost of about €33,000 over the loan term.

For an investor, the gross rental yield can be estimated at 6% if the monthly rent is set at €960, which would give a net yield after expenses of approximately 4.5%.

The house is classified DPE D, which indicates an estimated annual energy consumption between 151 and 230 kWh/m². The annual energy cost can be estimated at around €1,200 to €1,800 depending on the energy provider and consumption habits.

With the Climate & Resilience law, homes classified F and G will no longer be able to be rented from 2025. It is therefore crucial to plan renovation work to improve the energy class. Available aids for renovation may include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts varying from €1,500 to €5,000 depending on the work carried out.

The house is located in Grez sur Loing, near Nemours and Bourron Marlotte. Public transport includes the Nemours train station, which is about a 10-minute drive, offering connections to Paris. Schools and shops are within walking distance, which is an asset for families.

The region's demographics show a median income of about €22,000 per year, with a predominantly family-oriented population. The quality of life is appreciated for its tranquility and green spaces, although the proximity to the national road may generate some noise.

The Grez sur Loing area is subject to flood risks, classified as a low-risk area according to the Géorisques site. It is important to check the urban planning documents (PLU) to know any possible easements.

Regarding regulations, rent control does not apply in this area, but it is essential to comply with mandatory diagnostics during the sale. Energy performance diagnostics (DPE), lead, asbestos, and termite diagnostics must be provided by the seller.

Compared to other 3-bedroom houses in the area, this house is slightly above the median in terms of price. Similar houses generally sell for between €180,000 and €200,000 depending on their condition and location.

The advantages of this house include its spacious lot and garage, while the disadvantages may be related to the need for renovation work. The negotiation margin could be estimated between 5% and 10% depending on competing offers.