Purchase of a 3-room apartment in Chaville - Market analysis and key information

The listed price for this apartment is €352,000, but the area is not specified. Generally, the average price per m² in Chaville is around €4,200 (source: DVF DGFiP, 2023). If we consider a standard area for a 3-room apartment (approximately 70 m²), the price per m² would therefore be estimated at €5,029 (calculated from the listed price and declared characteristics). This figure is 20% higher than the market median. Over the last 36 months, prices in Chaville have increased by about 5% per year, according to trends observed in the local real estate market.

2021 €3,800 - 2022 €4,000 +5% 2023 €4,200 +5%

This apartment is positioned above the market median due to its impeccable condition and features (balcony, elevator, etc.). Advantages include proximity to public transport and shops, while disadvantages may include a higher price compared to similar properties requiring work.

For a purchase of €352,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €24,640 to €28,160.

• Purchase Price: €352,000
• Notary Fees: €24,640 to €28,160
• Total Acquisition Cost: €376,640 to €380,160

For a loan at an average rate of 3.4% over 20 years with a contribution of 10% (€35,200), the amount borrowed would be €316,800. The monthly payment would be around €1,800 (calculated based on current professional scales).

If this apartment is rented, the monthly rent could be estimated at €1,500 (estimate based on local rents). The gross rental yield would therefore be 5.1% (calculated from the annual rent of €18,000 divided by the purchase price of €352,000). Taking into account charges and property tax, the net yield could drop to around 4.5%.

Annual holding costs can be estimated as follows:

• Condominium Fees: approximately €1,200
• Property Tax: estimate based on the sector average, approximately €1,000
• Home Insurance: approximately €300
• Annual Total: approximately €2,500.

The DPE class of the apartment is not specified, but if we consider that it is in perfect condition with double glazing, it could be between C and D. The annual energy cost could therefore be estimated between €800 and €1,200 (estimate based on average public sector data).

According to the Climate & Resilience law, homes classified as F or G can no longer be rented from 2025. If this apartment is classified as D, it will not be subject to this ban.

To improve the DPE rating of an apartment from D to C, renovation work may be necessary, costing between €5,000 and €15,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to reduce this cost.

The apartment is located near the Rive Gauche train stations (line N) and RERC, facilitating access to Paris. The train frequency is about every 15 minutes during peak hours. Shops, including a market and restaurants, are within walking distance. A school group is also located across the street, which is an asset for families.

Chaville has a population of about 19,000 inhabitants, with a median household income of approximately €36,000 (source: INSEE, 2023). The quality of life is generally considered good, with green spaces and low pollution. However, noise related to the proximity of railway tracks can be a point of concern.

According to the Géorisques site, Chaville is exposed to moderate flood risks, but no red zone is identified. It is advisable to consult the risk maps before purchasing.

Mandatory diagnostics include the Energy Performance Certificate (DPE), the state of risks and pollution (ERP), and the lead exposure risk report (CREP) if the building was constructed before 1997. It is important to check that these documents are up to date before the purchase.

• What is the amount of the condominium fees?
• What is the exact DPE class?
• Are there any planned works in the condominium?
• What is the amount of the property tax?
• What are the management procedures for the condominium?

By comparing this apartment with other similar properties in the area, it is found that the price is 20% higher than the market median. Three-bedroom apartments in the area generally sell between €290,000 and €320,000. The identified premium factors include the impeccable condition of the apartment, the presence of a balcony, and the proximity to transportation. The negotiation margin could be estimated at around 5% due to high demand in the area.