5-Room House in Léguevin - Market Analysis and Practical Information

The listed price for this house is €380,000, which corresponds to a price per m² of approximately €2,533 (estimate based on a surface area of 150 m²). Based on data from the DVF (Demand for Property Values), the median price per m² in the Léguevin area is approximately €2,400 (source: DVF DGFiP, consulted in October 2023). This places this house slightly above the market median, with a gap of 5.5%.

Regarding the price trend, the data shows a 3% increase in real estate prices in Léguevin over the last 12 months, with a forecast of stabilization for the coming year, due to limited supply and sustained demand in the region.

In summary, this house is positioned in the upper segment of the local market, which can be justified by its renovated features and quiet location.

For a purchase of €380,000, notary fees are estimated between 7% and 8% for older properties, amounting to approximately €26,600 to €30,400 (estimate based on current professional scales). Thus, the total acquisition cost would be between €406,600 and €410,400.

Considering a mortgage at an average rate of 3.4% over 20 years, with a down payment of 10% (€38,000), the amount borrowed would be €342,000. The monthly payments would be around €2,000, resulting in a total interest cost of approximately €65,000 over the loan term.

For a rental investment, with an estimated rent of €1,500 per month, the gross rental yield would be 4.74% (calculated on the purchase price), and the net yield (after expenses and taxes) could drop to around 3.5%.

The annual holding cost includes property tax, condominium fees (if applicable), home insurance, and maintenance. On average, the property tax in Léguevin is about €1,200 per year (source: INSEE, consulted in October 2023). Annual fees can be estimated at €1,000, and home insurance at €500. Thus, the total holding cost could reach approximately €2,700 per year.

The house is classified as DPE C, which indicates reasonable energy consumption. The estimated annual energy cost for a house of this size is around €1,200 (estimate based on average public sector data).

According to the Climate & Resilience law, homes classified as DPE F or G can no longer be rented starting in 2025. This house, being classified C, will not be affected by this ban.

To improve the DPE class to B, energy renovation work may be necessary, with an estimated cost between €15,000 and €25,000 (indicative range based on current professional scales). Aids such as MaPrimeRénov' and Energy Saving Certificates (CEE) can be mobilized to reduce this cost.

The house is located near the center of Léguevin, about 1 km from public transport, including the bus line that serves Toulouse. Schools and colleges are within walking distance, which is an advantage for families.

In terms of shops, the city center offers a variety of services, including supermarkets, bakeries, and restaurants. The demographics of Léguevin show a median income of about €2,200 per month (source: INSEE, consulted in October 2023), which is slightly above the national average.

The quality of life is generally considered good, with green spaces and low pollution levels, contributing to a pleasant living environment.

According to data from Géorisques, the Léguevin area is minimally exposed to flood and seismic risks. However, it is important to check for any easements that could affect the property.

Regarding the PLU (Local Urban Planning), it is advisable to consult urban planning documents to understand the current construction and development rules.

Finally, it is relevant to inquire about rent control if the purchase is considered as a rental investment, although this does not seem to apply to Léguevin at this time.

By comparing this house with other similar properties in the Léguevin area, it is noted that the price per m² is slightly above the market median. 5-room houses generally sell between €350,000 and €400,000, with an average around €370,000 (source: DVF DGFiP, consulted in October 2023).

The advantages of this house include its recent renovations and its quiet location, while the disadvantages could be the slightly higher price compared to the median. The negotiation margin could be estimated at around 5% due to sustained demand in the region.