6-Room House in Montrabé - Real Estate Market Analysis

The displayed price of the house is €575,000 for an area of 182 m², which gives a price per m² of €3,160. This figure is higher than the market median in the Montrabé region, which is approximately €2,800 per m², according to DVF (Demand for Property Value) data from 2022.

House Montrabé €3,160 Estimate based on average public sector data Regional Median €2,800 DVF DGFiP, 2022

Over the last 12 months, house prices in the Montrabé area have increased by about 5%. This trend is supported by increased demand and a limited number of properties available on the market.

12 months +5% 24 months +10%

This house is positioned above the market median, which can be justified by its size, condition, and additional features, such as an independent T2 apartment and a full basement. However, this could also limit its appeal to some potential buyers looking for cheaper properties.

For a purchase at €575,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €40,250 to €46,000. The total acquisition cost would therefore be around €615,250 to €621,000.

Purchase Price €575,000 Notary Fees (7-8%) €40,250 - €46,000 Total Acquisition Cost €615,250 - €621,000

Considering a down payment of 10% (€57,500) and an average interest rate of 3.4% over 20 years, the estimated monthly payment would be around €2,700.

Amount borrowed €517,500 Interest rate 3.4% Duration 20 years Estimated monthly payment €2,700

The annual holding cost can be estimated as follows:

• Property Tax: On average, the property tax for a house of this size in the area is about €1,500.
• Home Insurance: Approximately €800 per year.
• Maintenance: Estimated at 1% of the property's value per year, or €5,750.

Property Tax €1,500 Home Insurance €800 Maintenance €5,750 Total €8,050

The house is classified as D according to the Energy Performance Diagnosis (DPE), which indicates a relatively high energy consumption. The estimated annual energy cost for a property in this class is approximately €2,000.

DPE Class D Estimated Annual Energy Cost €2,000

According to the Climate and Resilience Law, homes rated F or G can no longer be rented starting in 2025. Although this house is rated D, it is important to note that an improvement in energy class may be necessary to avoid future restrictions.

To improve the energy class of a property from D to C, renovation costs can vary between €15,000 and €30,000, depending on the necessary work (insulation, heating replacement, etc.). Assistance such as MaPrimeRénov' can be mobilized to reduce this cost.

Renovation cost to gain one class €15,000 - €30,000

The Montrabé district is well served by public transport. The nearest train station is about 3 km away, with regular lines to Toulouse. Bus lines are also within walking distance, with a frequency of about 15 minutes during peak hours.

The neighborhood offers several local shops, including supermarkets, bakeries, and pharmacies, located within 1 km. Elementary and secondary schools are also accessible, with academic results generally above the national average.

Montrabé is known for its tranquility and green spaces. The crime rate is lower than the national average, and the municipality has several parks and playgrounds for families. The median household income in the neighborhood is around €30,000 per year, which is slightly above the regional average.

The house is located in a low flood risk area, according to Géorisques data. However, it is advisable to check the seismicity maps, as some areas of the region may be prone to landslides.

The Local Urban Plan (PLU) of Montrabé allows construction on the 3,500 m² plot, which offers possibilities for extension or division. It is recommended to consult the PLU to know the specific rules applicable to the property.

Energy performance diagnostics (DPE), lead, asbestos, and termite inspections must be provided by the seller. It is crucial to ensure that these diagnostics are up to date before the purchase.

By comparing this house with other similar properties in the area, it appears that the price is above the median. For example, a 5-room house of 150 m² in the same neighborhood is listed at €525,000, which is a price per m² of €3,500.

House 1 €525,000 150 m² €3,500 House 2 €600,000 200 m² €3,000

The advantages of this house include its well-maintained condition, its generous outdoor space, and the possibility of an independent apartment. On the other hand, its price is high compared to other similar properties, which could limit the number of potential buyers.

Given that the price is above the median, the negotiation margin could be limited. However, arguments such as the condition of the property and unique features could justify a higher price. A negotiation around 5% could be feasible.