3-Room Apartment 49 m² for Sale Marseille 13th - €109,000

The listed price for this apartment is €109,000 for 49 m², which translates to a price per m² of €2,224 (calculated from the listed price and declared characteristics). In the Marseille market, the median price per m² for an apartment in the 13th arrondissement is around €2,500 (source: DVF DGFiP, 2023). This places this apartment below the market median, which could be an advantage for investors looking for good deals.

In terms of trend, apartment prices in Marseille have seen a 5% increase over the last 12 months, according to data from INSEE. This trend could indicate a continued appreciation of real estate in the area, which is a positive factor for rental investment.

For a purchase price of €109,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €7,630 to €8,720 (estimate based on current professional scales). The total acquisition cost would therefore be between €116,630 and €117,720.

Regarding financing, with a contribution of 10% (€10,900), the loan amount would be €98,100. Considering an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €550 (calculation based on a loan simulator).

With a tenant in place, the gross rental income can be estimated at around €800 per month, or €9,600 per year. This would give a gross rental yield of approximately 8.8% (calculated from the gross rental income and the purchase price). After deducting expenses and property tax, the net yield could be estimated at 7% (estimate based on average public sector data).

The DPE class is not specified in the provided data. However, for an apartment of this size and age, an estimate of the annual energy consumption could range between €1,000 and €1,500 (estimate based on average public sector data). In the case of renovations to improve the energy class, the cost could vary between €10,000 and €20,000 depending on the extent of the work (estimate based on current professional scales).

According to the Climate & Resilience law, apartments with a DPE rated F or G can no longer be rented starting in 2025. Therefore, it is crucial to check the DPE class before purchasing.

The Saint-Just district in Marseille is well served by public transport, notably by the M1 metro line (Saint-Just station) and several bus lines. The proximity to shops, schools, and green spaces contributes to the quality of life in this area. The median income of residents is approximately €22,000 per year, which is slightly below the Marseille average (source: INSEE, 2023).

Urban projects are underway to improve infrastructure and services in the district, which could have a positive impact on the valuation of real estate in the future.

The Saint-Just neighborhood is classified as a low-risk area for flooding and landslides (source: Géorisques, 2023). However, it is important to check for any easements and the Local Urban Planning Plan (PLU) that could affect renovation or extension projects.

Regarding rental regulations, it is essential to inquire about the rent control that may apply in this area, especially if the property is intended for rental. Mandatory diagnostics must also be provided during the sale.