3-room apartment 50 m² for sale Nogent-sur-Marne - €330,000

The price of the apartment is €330,000 for an area of 50 m², which corresponds to a price per m² of €6,600.

Comparison with the market

According to data from the DVF (Database of Property Values), the median price per m² for apartments in Nogent-sur-Marne is around €5,500 (source: DVF DGFiP, consulted in October 2023). Thus, the price of this apartment is 20% higher than the market median.

Price trend

Over the last 12 months, apartment prices in Nogent-sur-Marne have increased by about 3.5% (source: Notaires de France, consulted in October 2023). This upward trend may be linked to the growing demand in the sector, particularly due to proximity to Paris and transportation infrastructure.

Property positioning

This apartment is located in the Viselets neighborhood, known for its tranquility and proximity to the RER A, making it an attractive property for first-time buyers and investors.

For a purchase price of €330,000, notary fees are estimated between 7% and 8% for an older property. This represents an additional cost of €23,100 to €26,400.

Loan Simulation

With a down payment of 10% (€33,000), the amount to be financed would be €297,000. Considering an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €1,730 (calculated based on a mortgage simulator).

Rental Yield

If this apartment is rented, with an estimated average rent of €1,200 per month, the gross rental yield would be 4.36% (calculated on the purchase price). After deducting charges and property tax, the net yield could be around 3.5%.

The Energy Performance Diagnosis (DPE) is not mentioned in the sheet, which is a point to clarify with the seller. Generally, for a renovated apartment, one can expect an energy performance class between B and C, resulting in an estimated annual energy cost between €800 and €1,200 (estimate based on average public sector data).

Renovation Assistance

If energy renovation work is necessary, aids such as MaPrimeRénov' or the Energy Savings Certificates (CEE) can be mobilized, with amounts ranging from €1,500 to €5,000 depending on the work carried out.

The apartment is located near the RER A, allowing for quick access to Paris. The nearest station is about a 10-minute walk away. The Viselets neighborhood is also served by several bus lines.

Amenities

Nearby, there are local shops, schools (primary school and middle school), as well as green spaces, making it a pleasant area for families.

Demographics and Quality of Life

The demographics of Nogent-sur-Marne show a median household income of about €30,000 (source: INSEE, consulted in October 2023), indicating a relatively high purchasing power. The neighborhood is known for its tranquility and safety, with a crime rate lower than the national average.

According to the Géorisques website, the Nogent-sur-Marne area is minimally exposed to flood and seismic risks. However, it is important to check for any easements on the property.

Regulatory Context

The property is subject to regulations regarding the Energy Performance Certificate (DPE), and mandatory diagnostics must be provided during the sale. In case of non-compliance, this could lead to penalties for the seller. Additionally, it is essential to check if the apartment is subject to rent control, although this is not yet in effect in Nogent-sur-Marne.

Compared to other 3-room apartments in the area, this apartment is above the market median. Prices for similar properties generally range between €5,000 and €6,200 per m², indicating that this property is overvalued relative to its features.

Overvaluation Factors

The positive points include the recent renovation and proximity to the RER, but it would be relevant to negotiate the price downwards, especially if the energy performance diagnosis (DPE) is not favorable. A negotiation margin of 5 to 10% is feasible.