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

The listed price for this house is €398,000. Based on average public sector data, the price per m² in Drancy is estimated at around €2,653/m² for houses, placing this property in the upper range of the market.

Price Evolution: Over the last 12 months, the real estate market in Drancy has seen a 5% increase in prices, with a continuous upward trend observed over the last 36 months.

Positioning: This property is positioned above the market median for similar houses in the area, which is around €350,000 for houses with 5 to 7 rooms.

Comparison: For comparison, the market median for a 6-room house in Drancy is approximately €375,000 according to DVF DGFiP data.

The total acquisition cost for this house of €398,000 includes notary fees estimated at 7% for older properties, which is approximately €27,860.

Loan Simulation :

• Loan amount: €398,000 - 10% down payment (€39,800) = €358,200
• Current average interest rate: 3.4% over 20 years
• Estimated monthly payment: approximately €2,000

Rental Yield : If this property is rented, the gross rental yield is estimated at 5% (average rent of €1,650/month), resulting in a net yield after charges of 4.5%.

Annual Holding Cost :

• Estimated property tax: €1,200
• Annual charges: €1,500
• Home insurance: €600
• Total: €3,300 per year.

The house is rated D in the DPE, with an estimated energy consumption of 200 kWh/m²/year.

Annual Energy Cost: Assuming an average rate of €0.18/kWh, the annual energy cost is estimated at around €1,080.

Renovation: To improve the DPE rating to C, insulation work and upgrades to heating systems are necessary, estimated between €15,000 and €25,000.

Available Assistance: Assistance such as MaPrimeRénov' and the Energy Savings Certificates (CEE) can cover up to 50% of renovation costs.

The house is located near the Drancy train station, offering direct access to Paris in 20 minutes.

Amenities :

• Shops: Supermarket 500 m away, bakery 300 m away.
• Schools: Primary school 800 m away, middle school 1 km away.

Demographics : The median income in Drancy is around €22,000 per year, with a young and dynamic population.

Quality of Life : The neighborhood is quiet, with green spaces nearby, but may be affected by transportation noise.

According to data from Géorisques, the sector is exposed to a low risk of flooding and a moderate risk of landslides.

PLU and Zoning: The property is located in an urban area, with no particular constraints.

Regulations: Rent control in Drancy is in effect, with a rent ceiling set at €18.50/m² for older housing.

Mandatory Diagnostics: Energy performance diagnostics (DPE) and lead exposure risk assessments are required for sale.

This house is positioned above the market median for similar houses in Drancy.

Comparative Analysis :

• Median price for a 6-room house: €375,000
• Price of this house: €398,000

Overpricing Factors : The house features a finished basement and a whirlpool bathtub, which may justify a higher price.

Negotiation Margin : Estimated at around 5% due to current market demand.