T2 Apartment 45.7 m² for Sale in Chatenay-Malabry - €274,000

The listed price for this apartment is €274,000, which translates to a price per m² of €5,998 (calculated from the listed price and declared characteristics). In the Chatenay-Malabry market, the median price per m² for similar apartments is around €5,500 (source: DVF DGFiP, consulted in October 2023). This places this apartment above the market median of Chatenay-Malabry, which can be justified by its recent construction (2022) and its attractive rent. Over the last 12 months, apartment prices in this municipality have increased by about 4%, indicating an upward trend. Recent properties, like this one, are particularly sought after due to their compliance with recent energy standards.

For the purchase of this apartment, notary fees are estimated at around 2.5% of the purchase price, which is approximately €6,850 (estimate based on current professional scales for a new property). The total acquisition cost would therefore be €280,850.

Regarding financing, with a contribution of 10% (€27,400), the amount to be borrowed would be €246,600. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,440 (calculation based on current interest rates). This represents a reasonable savings effort compared to the current rent of €1,070.27 including charges, which would allow for a positive cash flow if the property is rented at a price higher than €1,440.

Annual holding costs include property tax, estimated at around €1,200 (estimate based on industry averages), condominium fees which could amount to approximately €1,000 per year, and home insurance estimated at €300 per year. In total, the annual holding cost would be around €2,500.

The apartment is classified as C with an energy performance diagnosis (DPE) of 86, indicating relatively low energy consumption. The annual energy cost is estimated between €373 and €505 (estimate based on values provided in the DPE). According to the Climate & Resilience Law, properties classified as F or G can no longer be rented starting in 2025, which increases the interest in investing in properties with a favorable DPE like this one.

To improve the DPE class, energy renovation work could be considered, with an estimated cost between €5,000 and €15,000 for significant improvements (estimate based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized to reduce these costs.

The apartment is located in Chatenay-Malabry, close to the T10 tram, facilitating access to public transport. The neighborhood is quiet and residential, with green spaces nearby, including the Parc de Sceaux, which is an asset for families and nature lovers. Local shops are within walking distance, and several schools are located within a 1 km radius, offering a good quality of life for residents. The demographics of Chatenay-Malabry are favorable, with a median household income of around €30,000 (source: INSEE, 2021).

Chatenay-Malabry is a municipality with low exposure to major natural risks, with a low risk of flooding and low seismicity (source: Géorisques). The local urban plan (PLU) allows for recent constructions, which is an advantage for purchasing this property. Regarding regulations, it is important to note that the rent is currently €1,070.27 including charges, which must be taken into account when adjusting rents under the rent control measures in effect in certain areas. Mandatory diagnostics must also be provided during the sale.

This apartment is positioned above the market median of Chatenay-Malabry, where the median price per m² is around €5,500. The advantages of this property include its recent construction, favorable energy performance certificate, and attractive rent. On the other hand, the disadvantages may include a smaller area compared to other 2-room apartments in the sector, which can reach up to 60 m². The negotiation margin could be limited, given the current demand for recent and well-located properties.