7-Room House 143 m² for Sale in Saint Pierre les Nemours - €339,000

The listed price for this house is €339,000, which translates to a price per m² of €2,370 (calculated from the listed price and the area of 143 m²). By comparison, the median price per m² in the Saint Pierre les Nemours region is estimated at €2,500 (source: DVF DGFiP, consulted in October 2023). This places this house below the market median by 5%. Over the last 12 months, prices in the area have seen a slight increase of 2%, indicating stability in the local real estate market.

This house stands out for its area of 143 m² and its garden of 868 m², which is attractive for families. It is also located near the train station and shops, which enhances its appeal. However, the price is slightly below the median, which could indicate a buying opportunity for potential buyers.

For a purchase at €339,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €23,730 to €27,120 (estimate based on current professional scales). The total acquisition cost would therefore be between €362,730 and €366,120.

With a down payment of 10% (€33,900), the amount to be financed would be €305,100. At an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €1,700 (calculation based on a loan simulator).

If this house were rented, the monthly rent could be estimated at €1,400 (estimate based on local rents). This would give a gross rental yield of about 4.9% (calculated based on the purchase price). After deducting expenses and property tax, the net yield could drop to about 3.5%.

The annual charges (maintenance, insurance, etc.) are estimated at around €1,200 and the property tax could be around €1,000 (estimate based on industry averages). The total annual holding cost would therefore be approximately €2,200.

The house is classified as D according to the DPE, which indicates moderate energy consumption. The annual energy cost is estimated at around €1,200 (estimate based on average consumption for a house of this size and class).

According to the Climate & Resilience law, homes classified as F or G can no longer be rented since 2023. This house, classified as D, is not among the homes affected by these bans.

To improve the class D to C, energy renovation work is estimated between €15,000 and €25,000 (indicative range based on current professional scales). Aid such as MaPrimeRénov' can be mobilized to reduce these costs.

The house is located near the Saint Pierre les Nemours train station, allowing easy access to public transport. The train line serves Paris in about 1 hour, which is an advantage for commuters.

The neighborhood has several local shops, schools, and health services, making it attractive for families. The city of Nemours is also nearby, offering more options.

The population of Saint Pierre les Nemours is approximately 3,000 inhabitants, with a median income of around €22,000 per year (source: INSEE, 2021). The neighborhood is known for its tranquility and green spaces, contributing to a good quality of life.

The municipality of Saint Pierre les Nemours is subject to a moderate flood risk, according to Géorisques data. It is advisable to check the property's flood history.

The Local Urban Planning Plan (PLU) of Saint Pierre les Nemours allows for individual constructions, but it is important to check the specific rules regarding extensions or modifications to the house.

Before the sale, it is necessary to provide a technical diagnostic file including the energy performance certificate, the state of risks and pollution, as well as the electrical diagnosis if applicable. These diagnostics are mandatory to ensure the transparency of the transaction.

By comparing this house with other similar properties in the area, it is observed that the price per m² is lower than the market median. Comparable houses of 140 to 150 m² generally sell between €2,400 and €2,600 per m². This indicates a potential negotiation margin for buyers.

The main factors of undervaluation for this house could include its D rating on the energy performance certificate and the potential need for renovation work. In contrast, its size, garden, and proximity to the train station are considerable assets.

Given that the price is below the market median, a negotiation margin of 5 to 10% could be considered, especially if renovation work is needed.