T7 House 92 m² for Sale in Vanves - €598,000, Energy Performance Certificate F

The listed price for this house is €598,000, for an area of 92 m², which gives a price per m² of €6,500.00 (calculated from the listed price and declared characteristics).

Comparison with the local market

Based on data from the DVF (Demand for Property Value), the median price per m² for houses in Vanves is estimated at €5,800.00 (source: DVF DGFiP, 2023). This means that the price of this house is 12.07% higher than the market median.

Price trend

Over the last 24 months, house prices in Vanves have seen an increase of about 5% per year, according to data from INSEE. This trend suggests a growing real estate market, which could justify the asking price for this property.

Property positioning

This house is positioned in the upper segment of the local market, which can be justified by its features (7 rooms, 3 bedrooms, fireplace, basement) and its renovation potential.

For the purchase of this house at €598,000, notary fees are estimated between 7% and 8% for an older property. This represents an additional cost of €41,860 to €47,840 (indicative range based on current professional scales).

Loan Simulation

Considering an average interest rate of 3.4% over 20 years and a down payment of 10% (€59,800), the amount borrowed would be €538,200. The monthly payments would be approximately €3,158.00 (calculation based on the amount borrowed and the interest rate).

Annual Energy Cost

The energy performance certificate indicates an energy consumption of 312 kWh/m²/year, which corresponds to an estimated annual energy cost between €2,490 and €3,410 (source: estimate based on energy consumption data).

Property Tax

The estimated property tax for this property is about €1,200 per year, based on sector averages.

This house has an Energy Performance Certificate (EPC) rated F, indicating high energy consumption. Owners will need to consider renovation work to improve energy efficiency, particularly to comply with the new regulations of the Climate & Resilience law, which prohibits the rental of properties rated F starting in 2025.

Estimated Renovation Cost

Renovation costs to improve an EPC from class F to class E can range between €15,000 and €30,000 (estimate based on average public sector data).

Available Assistance

Assistance such as MaPrimeRénov' and Energy Savings Certificates (ESC) can be mobilized to finance this work, with amounts reaching up to €10,000 depending on income and the nature of the work.

The house is located near several public transport lines, including line 13 of the metro, which allows for quick access to Paris. The nearest station is about a 10-minute walk away.

Amenities

The neighborhood offers easy access to schools, local shops, and green spaces, contributing to a pleasant quality of life. The median income of residents in Vanves is approximately €32,000 per year (source: INSEE, 2022).

Urban Projects

Urban development projects are underway, aimed at improving infrastructure and services in the municipality, which could have a positive impact on property valuation.

The property is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements and the PLU (Local Urban Planning) that could impact renovation projects.

Rent Control

With the DPE rated F, it is crucial to consider the new regulations that prohibit the rental of energy-intensive properties. This can affect profitability if the buyer is considering a rental investment.

Mandatory Diagnostics

All property diagnostics must be completed before the sale, including the DPE, lead diagnosis, and the condition of electrical and gas installations.

By comparing this house with other similar properties in Vanves, it appears that the price per m² is higher than the market median. Houses with similar characteristics (area, number of rooms) generally sell between €5,500 and €6,200 per m². This places this house in a higher price range, justified by its renovation potential and location.

Factors for Premium Pricing

Features such as the fireplace, basement, and room layout can justify a premium compared to other houses in the area. However, the necessary renovations may be a negotiation factor.