T5 Apartment 97 m² for Sale in Houilles - €318,000, DPE Exempt

The price of the apartment is €318,000 for an area of 97 m², which translates to a price per m² of €3,278.35 (calculated from the displayed price and declared characteristics). In comparison, the median price per m² for apartments in Houilles is estimated at €3,200 (source: DVF DGFiP, consulted on September 15, 2023). This places this apartment slightly above the market median, which can be justified by its features, notably the double exposure and the presence of a balcony.

Over the last 36 months, the real estate market in Houilles has shown an upward trend with an increase in prices of about 5% per year, according to data from INSEE. Similar properties in the area have sold between €3,000 and €3,500 per m², confirming the positioning of this apartment at the high end of the range.

In terms of positioning, this apartment is attractive for families and first-time buyers, due to its size and calm environment, while being close to amenities.

For a purchase of €318,000, notary fees are estimated at around 7% for an old property, which amounts to €22,260 (calculation based on current professional scales). The total acquisition cost would therefore be €340,260.

Considering a mortgage of 90% of the total amount (10% down payment), which is €286,740, at an average rate of 3.4% over 20 years, the monthly payments would be approximately €1,680 (calculation based on current loan rates). This represents a total interest cost of €65,640 over the duration of the loan.

For an investor, the gross rental yield could be estimated at 4% if the monthly rent is set at €1,300, resulting in a net yield of 3% after deducting charges and property tax, which is estimated at €1,200 per year (source: estimate based on industry averages).

This apartment is exempt from the energy performance diagnosis, meaning it does not require an energy assessment. However, for similar apartments, the annual energy consumption is estimated at around €1,200 (estimate based on average public sector data).

Regarding renovations, if work were necessary to improve energy efficiency, the cost could range between €10,000 and €20,000 depending on the scope of the work (source: estimate based on current professional scales). Aids like MaPrimeRénov' could be available to reduce these costs.

The apartment is located in Houilles, close to several public transport lines, including the L line of the Transilien, which allows access to Paris in less than 30 minutes. The train station is about a 15-minute walk away. Additionally, several bus lines serve the neighborhood, facilitating travel to nearby towns.

In terms of amenities, the area offers easy access to supermarkets, schools, and green spaces, making it a pleasant place to live for families. The median household income in Houilles is around €2,500 per month (source: INSEE, consulted on September 15, 2023), indicating a reasonable purchasing power in the region.

The Houilles area is considered to have a low risk of flooding according to Géorisques data. However, it is recommended to check for any easements and the Local Urban Planning Plan (PLU) to ensure that no restrictions apply to the property.

Regarding regulations, there is no rent control in this municipality, which allows for some flexibility for landlords. Mandatory diagnostics must be provided during the sale, and it is advisable to ensure that all documents are in order before the transaction.

This T5 apartment is positioned slightly above the market median in Houilles, where prices for similar apartments range between €3,000 and €3,500 per m². The advantages of this apartment include its dual exposure, balcony, and quiet environment, making it attractive for families and first-time buyers. On the other hand, the disadvantages may include its location on the top floor, which may deter some buyers.

The negotiation margin is estimated at around 5% of the listed price, depending on buyer interest and the time on the market.