T5 House 112 m² for Sale Marseille 13011 - €690,000

The listed price for this house is €690,000 for a surface area of 112 m², which translates to a price per m² of €6,161.36 (calculated from the listed price and declared characteristics).

In comparison, according to data from the DVF (Demand for Property Values), the median price per m² in the Marseille 13011 area is around €4,500 (source: DVF DGFiP, consulted in 2023). This means that the price of this house is 37% higher than the market median.

Over the last 36 months, the real estate market in Marseille has experienced an upward trend, with price increases of about 10% per year, due to strong demand and limited supply.

For a purchase at €690,000, notary fees are estimated between 7% and 8% for an older property. This represents approximately €48,300 to €55,200 (estimate based on current professional scales).

The total acquisition cost would therefore be between €738,300 and €745,200.

Regarding financing, with a contribution of 10% (€69,000), the amount to borrow would be €621,000. With an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €3,500 (calculated from current average rates).

In terms of rental yield, if this house is rented, the monthly rent could be estimated at around €2,800 (estimate based on local rents), which would give a gross yield of 4.86%.

The DPE class of the house is not specified in the provided data. However, for a house of this size and construction period, it is reasonable to estimate a DPE class between C and D.

The annual energy cost could therefore vary between €1,200 and €1,800 (estimate based on average public sector data).

According to the Climate & Resilience law, houses classified as F or G will no longer be able to be rented from 2025, which could impact the resale value if renovation work is not carried out.

The house is located in close proximity to the center of La Valentine, a residential area of Marseille. Public transport is accessible with several bus lines within a 10-minute walk.

The neighborhood has local shops, schools, and green spaces, making it a pleasant place to live for families.

Demographics: The median income in the 11th arrondissement of Marseille is approximately €23,000 per year (source: INSEE, 2021). The population is predominantly made up of families with children, which enhances the appeal of this type of property.

The house is located in a low flood risk area according to Géorisques data. However, it is important to check for any easements or restrictions related to the PLU (Local Urban Planning) of Marseille.

Regarding rent control, there is no specific cap in this area, but it is advisable to inquire about upcoming legislative developments.

Mandatory diagnostics (DPE, lead, asbestos) must be provided by the seller during the transaction.

By comparing this house with other similar properties in the Marseille 13011 area, it appears that the price is above the median.

T5 houses in this area generally sell for between €550,000 and €650,000 (source: DVF DGFiP, 2023).

The advantages of this house include the presence of a swimming pool, a terrace, and a garden, which is less common in houses in this area. On the other hand, the high price may limit the interest of potential buyers.