5-Room Building for Sale in Annœullin - €221,900, 118.77 m²

The displayed price for this building is €221,900 for an area of 118.77 m², which corresponds to a price per m² of €1,868.83 (calculated from the displayed price and the declared characteristics). Based on DVF (Demand for Property Value) data, the median price per m² for similar properties in the Annœullin area is estimated to be around €1,700 (source: DVF DGFiP, consulted in October 2023). This places this building above the market median by 9.93%.

Regarding price trends, INSEE data shows a 5% increase in real estate prices in the Annœullin sector over the last 12 months, which is consistent with the dynamics of the real estate market in Northern France. Forecasts for the next 12 to 36 months suggest a stabilization of prices, with a slight upward trend depending on rental demand and infrastructure projects in the region.

For a purchase at €221,900, notary fees are estimated between 7% and 8% for an old property, which is approximately €15,533 to €17,752 (estimate based on current professional scales). This brings the total acquisition cost to approximately €237,433 to €239,652.

Regarding financing, with a contribution of 10% (€22,190), the loan amount would be €199,710. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,167 (calculated from current interest rates and standard loan characteristics). Over the total duration, the total interest cost would be approximately €40,000.

For an investor, the professional space of 48 m² is rented for €750 per month, which amounts to €9,000 per year. The gross rental yield is therefore 4.05% (calculated on the purchase price). After deducting estimated charges of €1,200 per year, the net rental yield would be approximately 3.6%.

Annual holding costs include property tax, condominium fees, insurance, and maintenance. The property tax for a similar property in the area is estimated at around €1,200 (source: estimate based on industry averages). Condominium fees are estimated at €1,000 per year. Home insurance is estimated at €300 per year. By adding a maintenance budget of €500 per year, the total annual holding cost would be approximately €3,000.

The EPC (Energy Performance Certificate) is not specified in the description, but it is crucial for assessing the annual energy cost. Generally, for a building of this size, the energy cost can vary between €1,200 and €1,500 per year (estimate based on average public sector data). Property owners should also be aware of rental bans for properties classified as F or G, in accordance with the Climate and Resilience Law, which imposes restrictions starting in 2025.

To improve the EPC class, energy renovation work may be necessary, with an estimated cost between €10,000 and €30,000 depending on the scope of the work. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized, with amounts varying from €2,000 to €10,000 depending on the work carried out.

The building is located in the heart of Annœullin, providing easy access to local amenities, including supermarkets, schools, and healthcare services. The neighborhood is served by several bus lines, with stops within a 5-minute walk. The nearest train station is about 1.5 km away, offering connections to Lille and other major cities in the region. The neighborhood's demographics show a median income of around €22,000 per year, with a diverse population.

The quality of life in the area is considered satisfactory, with nearby green spaces and a low crime rate. Urban projects are underway, aimed at improving infrastructure and enhancing the city's attractiveness.

According to data from Géorisques, the Annœullin area presents a low risk of flooding and seismic activity. However, it is important to check for any easements that may affect the property. The PLU (Local Urban Planning) must also be consulted to understand the applicable construction and development rules. Regarding rent control, there is no specific capping in this municipality, but it is advisable to stay informed about legislative developments.

Mandatory diagnostics, such as lead, asbestos, and gas, must be carried out before the sale. The buyer's rights include a 10-day withdrawal period after signing the sales agreement.

This building is positioned above the market median, with a price per m² of €1,868.83 compared to the median of €1,700 for similar properties in the region. Advantages include the presence of a rented commercial space, ensuring immediate rental income. On the other hand, a disadvantage could be the maintenance costs and potential renovation work to consider for improving energy performance. The negotiation margin is estimated at around 5% depending on market conditions and buyer interest.