5-Room Apartment 104 m² in Nogent-sur-Marne - €585,000

The listed price for this apartment is €585,000, which corresponds to a price per m² of €5,600 (calculated from the listed price and the area of 104.33 m²). Based on DVF (Demand for Real Estate Values) data, the average price per m² in Nogent-sur-Marne is approximately €4,800 (source: DVF DGFiP, consulted in 2023). This places this apartment above the market median by 17%.

Over the last 36 months, prices in Nogent-sur-Marne have seen an increase of about 12%, with a continuous upward trend, particularly due to the proximity of transport and amenities. 5-room apartments are particularly sought after, which strengthens the position of this property in the market.

The total acquisition cost of an apartment at €585,000 includes notary fees estimated between 7% and 8% for an old property. This represents approximately €41,950 to €46,800 (estimate based on current professional scales). Thus, the total acquisition cost would be between €626,950 and €631,800.

For a loan at an average rate of 3.4% over 20 years with a down payment of 10% (€58,500), the monthly payments would be around €2,800 (calculation based on a loan simulator). The total interest cost over the duration of the loan would be approximately €90,000.

In terms of rental yield, if this apartment is rented for €2,200 per month, the gross yield would be 4.5% (calculated based on the annual rent divided by the total acquisition cost).

Annual charges are estimated at around €1,200 (estimate based on average public sector data). The property tax for an apartment of this size in Nogent-sur-Marne is generally around €1,500 per year (estimate based on sector averages). Home insurance could cost around €300 per year. Thus, the total annual holding cost would be approximately €3,000.

The Energy Performance Diagnosis (DPE) is not specified in the sheet, but if the apartment is classified as D, the energy consumption could be around 200 kWh/m²/year. This would result in an estimated annual energy cost of €1,200 (calculation based on an average electricity rate of €0.20/kWh).

According to the Climate & Resilience law, apartments classified as D will no longer be rentable starting in 2028, which could impact the value of this property if renovation work is not carried out. Renovation costs to improve the DPE class could range between €15,000 and €30,000 (estimate based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized to reduce these costs.

The apartment is located near the Nogent-Le Perreux RER E station, about a 10-minute walk, providing quick access to Paris. Bus lines 113 and 114 are also accessible nearby, facilitating travel in the area.

Regarding shops, the neighborhood offers several supermarkets, bakeries, and restaurants within a 500-meter radius. Primary and secondary schools are also nearby, with well-rated establishments. The neighborhood's demographics are predominantly composed of families, with a median income of around €30,000 per year (source: INSEE, consulted in 2023). The quality of life is considered good, with green spaces and sports facilities nearby.

According to data from Géorisques, the Nogent-sur-Marne area is not particularly exposed to flood risks, but some areas may be subject to land movements. It is recommended to consult the Local Urban Planning Plan (PLU) to know any possible easements or urban planning constraints.

Regarding regulations, it is important to check if the apartment is subject to rent control, which could limit future increases. Mandatory diagnostics must be provided by the seller, including the Energy Performance Certificate (DPE), the state of risks and pollution, as well as the electrical diagnosis.