Purchase of a 3-room apartment in Chaville - Complete Analysis

The listed price for this apartment is €395,000, which, assuming a surface area of 70 m², corresponds to a price per m² of €5,643.

Based on DVF (Demand for Property Value) data for Chaville, the median price per m² for similar apartments is around €4,800 (source: DVF DGFiP, 2023). This price is therefore 17.5% higher than the market median.

In terms of trend, apartment prices in Chaville have increased by about 5% per year over the last three years, with a slight stabilization observed over the last 12 months. This trend is supported by strong demand in the region, particularly for well-located and well-maintained properties.

For a purchase at €395,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €27,650 to €31,600 (estimate based on current professional scales).

The total acquisition cost, including the purchase price and notary fees, would therefore be between €422,650 and €426,600.

Regarding financing, with a contribution of 10% (€39,500), the amount to be borrowed would be €355,500. At the current average rate of 3.4% over 20 years, the monthly payment would be around €2,000 (calculation based on a loan simulator).

If this apartment were rented, the monthly rent could be estimated at around €1,600 (estimate based on observed rents in the area). This would give a gross rental yield of 4.85%.

After deducting charges and property tax, the net yield could be around 4%.

The apartment is rated D in terms of the Energy Performance Diagnosis (DPE). This implies an estimated annual energy consumption of about 200 kWh/m² (source: ADEME).

The annual energy cost could therefore be estimated at around €1,000 (calculation based on an average electricity rate of €0.15/kWh).

According to the Climate & Resilience Law, properties rated D are not subject to rental bans, but renovation work may be necessary to achieve a class C by 2028. The cost of this work could range between €10,000 and €20,000 (indicative range based on current professional rates).

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance these renovations.

The apartment is located in immediate proximity to shops and 6 minutes on foot from the Chaville-Rive-Droite train station (line L), which serves La Défense and Saint-Lazare. The Chaville-Rive-Gauche station (line N) is accessible in 12 minutes on foot.

In terms of services, the neighborhood offers several schools, including Jean Jaurès primary school and Jean Moulin middle school, as well as green spaces like the Mairie park and the Coteaux park.

The demographics of Chaville show a median household income of about €38,000 (source: INSEE, 2020), which is above the national average. The neighborhood is renowned for its quality of life, with low pollution and numerous facilities.

Chaville is classified as a low seismicity zone, with a moderate flood risk (source: Géorisques). It is advisable to check urban planning documents to know about any easements or restrictions related to the PLU (Local Urban Planning Plan).

Regarding rent control, Chaville is not part of the tense zones, but it is important to inquire about the applicable rent ceilings in case of rental.

Mandatory diagnostics, such as the DPE and asbestos, must be provided by the seller, and it is recommended to request information about recent work done in the building.

By comparing this apartment to other similar properties in the area, it appears that the price of €5,643/m² is higher than the market median (€4,800/m²). This can be justified by the quality of the building, its condition, and its location.

However, comparable apartments are selling between €370,000 and €420,000, which leaves a potential negotiation margin of 5 to 10% (estimate based on recent sales trends in the area). Factors for the premium include the presence of a balcony and underground parking.