3-Room House in Drancy - Market Analysis and Key Information

The listed price for this house is €268,000, which translates to a price per m² of €4,872.73 (calculated from the listed price and declared characteristics). In comparison, the median price per m² in the Drancy area is around €3,500 (source: DVF DGFiP, 2023). This places this property above the market median, which could be justified by its features (garden, finished basement).

Over the last 24 months, real estate prices in Drancy have increased by about 5% (source: INSEE, 2023). This upward trend could indicate a dynamic real estate market, but it is essential to monitor future fluctuations.

For a purchase of €268,000, the notary fees are estimated between 7% and 8%, or approximately €18,760 to €21,440 (estimate based on current professional scales). The total acquisition cost would therefore be between €286,760 and €289,440.

For a 20-year loan at the current average rate of 3.4% with a down payment of 10% (or €26,800), the amount borrowed would be €241,200. The monthly payments would be approximately €1,400 (calculation based on the interest rate and loan duration).

If this property is rented, the monthly rent could be estimated at around €1,200 (estimate based on rental data in the area). The gross rental yield would therefore be 5.4% (calculated from the annual rent divided by the purchase price). After deducting expenses and property tax, the net yield could be around 4.5%.

The house is classified D (DPE not provided in the description). The annual energy consumption is estimated at around €1,200 (estimate based on average consumption for a house of this size). According to the Climate & Resilience law, homes classified D are not prohibited from being rented, but renovations may be necessary to improve this class.

The estimated cost of work to improve the D class could vary between €10,000 and €20,000 (indicative range based on current professional scales). Aids such as MaPrimeRénov' could be mobilized to reduce this cost.

The house is located about 15 minutes by bus from the metro station line 5, which facilitates access to Paris. Nearby shops and schools are within walking distance, which is an asset for families.

The demographics of Drancy show a median income of about €22,000 per year (source: INSEE, 2021), which may influence the demand for real estate in the area. The quality of life is generally considered good, with green spaces and adequate school infrastructure.

According to data from Géorisques, the Drancy area presents a low risk of flooding and moderate seismicity. It is important to check the urban planning documents (PLU) to know the specific constraints for this property.

Regarding regulations, it is essential to inquire about rent control, which can vary by area. Currently, the rent ceiling for a property of this size in Drancy is around €1,200 (source: 2021 law on rent control).

This house is positioned above the market median in Drancy. Similar houses (55-60 m²) generally sell for between €240,000 and €260,000 (source: DVF DGFiP, 2023). The strengths of this house include its garden and basement, which could justify the asking price. However, the price may be a barrier for some buyers, especially those with a limited budget.