T3 Apartment 69 m² for Sale in Châlons-en-Champagne - €110,000

The listed price of the apartment is €110,000 for an area of 69 m², which gives a price per m² of €1,594. Based on data from the DVF (Demand for Real Estate Value) for Châlons-en-Champagne, the median price per m² for an apartment in this city is around €1,500 (source: DVF DGFiP, consulted in 2023). Thus, the price of this apartment is slightly above the market median, which can be justified by its features (equipped kitchen, low charges).

Over the last 12 months, apartment prices in Châlons-en-Champagne have seen a slight increase of about 3%, indicating a stable trend in the local real estate market. This trend is supported by the growing interest in real estate in this region, particularly due to the proximity of amenities and infrastructure.

For the purchase of this apartment, the total acquisition cost includes the purchase price, notary fees, and any agency fees.

• Purchase Price: €110,000
• Notary Fees: Generally, for an old property, notary fees amount to about 7-8% of the purchase price. For this apartment, this represents approximately €7,700 to €8,800 (estimate based on current professional scales).
• Estimated Total Acquisition Cost: €117,700 to €118,800.

Loan Simulation

For a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€11,000):

• Amount Borrowed: €99,000
• Estimated Monthly Payments: approximately €580 (calculation based on a standard amortization table).

Rental Yield

If this apartment is rented, with an estimated monthly rent of €650 (estimate based on local rents), the gross rental yield would be 7.09% (calculated on the purchase price). The net yield, after deducting charges and property tax, could be around 5%.

Annual Holding Cost

• Annual Charges: Estimated at €1,200
• Property Tax: Estimated at €800 (based on sector averages).

The Energy Performance Diagnosis (DPE) is not specified in the provided data. However, for an apartment of this size and construction period, an estimated DPE class could be D or E, which corresponds to an annual energy consumption of 150 to 250 kWh/m² (estimation based on declared characteristics and construction standards).

Estimated Annual Energy Cost

Taking a consumption of 200 kWh/m² and an average electricity rate of €0.18/kWh, the annual energy cost could be around €2,484 (calculation based on 69 m²).

Available Assistance

Assistance such as MaPrimeRénov' or Energy Savings Certificates (CEE) may be available for energy renovation work, with amounts ranging from €1,500 to €5,000 depending on the nature of the work.

The apartment is located on Rue de l'Arquebuse in Châlons-en-Champagne, in immediate proximity to amenities such as supermarkets, bakeries, and schools.

Transport

• SNCF Train Station: About 1.5 km away, offering connections to Reims and Chalons-en-Champagne.
• Bus Lines: Several bus lines serve the area, with a frequency of about 15 minutes.

Demographics and Quality of Life

The neighborhood is primarily residential, with a diverse population. The median household income in the municipality is around €22,000 per year (source: INSEE, 2021). The quality of life is generally considered good, with green spaces nearby and a low crime rate.

Châlons-en-Champagne is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements or urban planning constraints that could affect the property.

Local Urban Planning and Zoning

The Local Urban Planning (PLU) of Châlons-en-Champagne should be consulted to ensure that the property complies with construction and development standards.

Mandatory Diagnostics

Energy performance and asbestos diagnostics must be provided by the seller. It is recommended to ask questions about these diagnostics during the visit.

By comparing this apartment with other similar properties in Châlons-en-Champagne, we find that the price per m² of €1,594 is higher than the market median of €1,500.

Advantages

• Location: Proximity to amenities and transportation.
• Features: Equipped kitchen and low charges.

Disadvantages

• Price: Above the median, which could limit interest for some buyers.
• Energy Performance Certificate not specified: Lack of information on energy performance.