T5 House 95 m² for Sale in Chalons-en-Champagne - €199,500

The listed price for this house is €199,500, which corresponds to a price per m² of €2,095.79 (calculated from the listed price and the area of 95 m²). According to data from the DVF (Demande de Valeur Foncière), the median price of houses in Chalons-en-Champagne is around €1,800 per m². This places this property above the market median, which could be justified by its condition and modern features. Over the last 12 months, house prices in this area have increased by about 5%, indicating an upward trend. Source: DVF DGFiP, consulted on 01/10/2023.

For a purchase at €199,500, notary fees are estimated between 7% and 8% for older properties, which is approximately €13,965 to €15,960. The total acquisition cost would therefore be €213,465 to €215,460.

Considering a 20-year loan at the current average rate of 3.4% with a 10% down payment (€19,950), the monthly payment would be approximately €1,058 (calculation based on the borrowed amount of €179,550).

If this property is intended for rental, with an estimated average rent of €900 per month, the gross rental yield would be 5.4% (calculated based on the purchase price). After deducting charges and property tax, the net yield could be estimated at around 4.5%.

The Energy Performance Diagnosis (DPE) is not provided for this house. This could be a point of concern for buyers, as an unfavorable DPE could lead to high energy costs. Generally, for a house of this size, the annual energy cost could vary between €1,200 and €1,500 depending on the energy class. In case of renovation to improve the energy class, costs could range from €10,000 to €30,000, depending on the extent of the work. Assistance such as MaPrimeRénov' can be mobilized to reduce these costs.

The house is located on Rue Grande Étape, in the heart of Chalons-en-Champagne. Public transport is accessible with several bus lines nearby. The SNCF train station is about 1.5 km away, offering connections to Reims and Paris. Local shops are easily accessible, with a supermarket less than 500 meters away. The neighborhood is considered calm and pleasant, ideal for families. In terms of demographics, Chalons-en-Champagne has a population of about 45,000 inhabitants, with a median income of around €1,800 per month.

Chalons-en-Champagne is classified as a low-risk area for flooding, but it is advisable to check the data on the Géorisques website for other potential risks. The Local Urban Planning Plan (PLU) should be consulted to know the construction and development rules. Regarding rental regulations, there is no rent control in this municipality, which allows for some flexibility for landlords.

This house is positioned above the market median, with a price per square meter of €2,095.79, compared to the median of €1,800 per square meter. The advantages include its modernity, 3 bedrooms, and terrace. The disadvantages could be the lack of an energy performance certificate and a higher price than other similar houses in the area. The negotiation margin could be estimated at around 5% due to the current market demand.