3-Room House 70 m² for Sale in Veneux les Sablons - €175,000

The listed price for this house is €175,000 for a surface area of 70 m², which gives a price per m² of €2,500/m².

Based on public data from the DVF (Demand for Property Value), the median price of houses in the municipality of Veneux les Sablons is estimated at around €2,800/m², which means that this house is below the market median by 10.71%.

In terms of trend, house prices in this area have seen a slight increase of about 3% over the last 12 months, according to data from INSEE. This indicates a relatively stable market, but with signs of an increase.

In summary, the property is positioned below the market median, which may represent an opportunity for buyers looking for a property to renovate in a quiet neighborhood.

For a purchase price of €175,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €12,250 to €14,000. This brings the total acquisition cost to approximately €187,250 to €189,000.

Regarding financing, taking a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€17,500), the borrowed amount would be €157,500. The monthly payments would be approximately €920 per month, which represents a total interest cost of about €25,000 over the duration of the loan.

For a rental investor, the gross rental yield can be estimated at around 6% if the rent is set at €1,050 per month, which would give a net yield after expenses of about 4.5%.

The house is classified DPE D, which indicates moderate energy consumption. The estimated annual energy cost for a property in this class is around €1,200 to €1,500, depending on the current energy rates.

With the Climate & Resilience law, properties classified F or G can no longer be rented starting in 2025. Although this house is not affected, energy renovation work may be considered to improve the DPE class and benefit from aids such as MaPrimeRénov' or the Energy Savings Certificates (CEE).

Renovation costs to improve the DPE class could vary between €10,000 and €20,000, depending on the extent of the necessary work.

Veneux les Sablons is a municipality located near Nemours, offering a calm and pleasant living environment. Amenities such as shops, schools, and health services are accessible within a 10-minute walk.

In terms of transportation, the Veneux les Sablons train station is served by the R line of the Transilien, allowing access to Paris in about 1 hour. Local bus lines also facilitate travel to neighboring municipalities.

The demographics of the municipality are characterized by a stable population, with a median income of around €24,000 per year, which is slightly below the national average. Urban projects nearby include the rehabilitation of certain public spaces, aimed at improving the quality of life for residents.

The municipality of Veneux les Sablons is subject to flood risks, as indicated by the risk map from Géorisques. It is therefore advisable to check the history of claims before purchasing.

Regarding the PLU (Local Urban Planning), the house is located in a residential area, which allows for extension work provided that local urban planning rules are respected. Mandatory diagnostics, such as the energy performance diagnosis (DPE) and the asbestos diagnosis, must be provided by the seller.

Finally, it is important to note that the local real estate market is subject to rent control, although this does not directly apply to this house, given that it is for sale and not for rent.