T5 Apartment 102 m² for Sale in Oullins - €315,000, Energy Performance Certificate C

The listed price for this T5 apartment of 102 m² in Oullins is €315,000, which translates to a price per m² of €3,088 (€315,000 / 102 m²). Based on DVF (Demand for Property Value) data for Oullins, the median price per m² for similar apartments is estimated at €2,800 (source: DVF DGFiP, 2023). This means that the price of this apartment is 10.3% higher than the market median.

Over the last 12 months, apartment prices in Oullins have seen an increase of about 5%, according to local real estate market trends. This trend is supported by a growing demand for spacious and well-located housing in the Lyon metropolitan area.

In summary, this apartment is positioned above the market median, which can be justified by its features (top floor, terrace, recent renovation).

For the purchase of this apartment at €315,000, notary fees are estimated at around 7% for an old property, which is approximately €22,050 (€315,000 * 0.07). The total acquisition cost would therefore be €337,050.

Considering a mortgage at the current average rate of 3.4% over 20 years with a contribution of 10% (€31,500), the amount borrowed would be €283,500. The monthly payments would be approximately €1,646 (calculated with a loan simulator).

The gross rental yield, if this apartment is rented, could be estimated at 4.5% (estimated monthly rent of €1,400), which would give a net yield after charges of approximately 3.5%.

The annual holding cost of this apartment includes property tax, condominium fees, home insurance, and maintenance costs.

• Property tax: Estimate based on sector averages, approximately €1,200 per year.
• Condominium fees: Estimated at €1,200 per year.
• Home insurance: Approximately €300 per year.
• Maintenance: Estimated at €500 per year.

The total annual holding cost is therefore estimated at €3,200.

The apartment is rated EPC C with a consumption of 145 kWh/m²/year and a GHG C with 22 kg CO2/m²/year. The annual energy cost is estimated between €1,490 and €2,080, depending on consumption habits.

According to the Climate & Resilience law, homes rated F or G can no longer be rented from 2025, which is not the case here.

To improve the energy class, renovation work could be considered, with an estimated cost between €8,000 and €15,000 for significant improvements. Assistance such as MaPrimeRénov' and CEE (Energy Savings Certificates) can be mobilized to reduce these costs.

The apartment is located in Oullins, a municipality well-served by public transport. The Oullins metro station is about a 10-minute walk away, providing direct access to downtown Lyon. Several bus lines also serve the municipality, facilitating travel.

In terms of amenities, the neighborhood has many local shops, schools, and green spaces. The demographics of the area are characterized by a family population, with a median income of around €25,000 per year (source: INSEE, 2021). The quality of life is generally considered good, with a low crime rate and a calm, green environment.

Oullins is located in a moderately flood-risk area, according to Géorisques data. It is recommended to consult the PLU (Local Urban Planning) to check the current construction and development rules.

Regarding rent regulation, there is no specific framework in Oullins to date, but it is important to stay informed about legislative developments. Mandatory diagnostics (DPE, lead, electricity) must be provided during the sale.

This T5 apartment is positioned above the market median in Oullins, where the median price per m² is €2,800. Similar apartments (T5, 100-110 m²) are selling between €290,000 and €320,000, depending on their condition and location.

The advantages of this apartment include its recent renovation, brightness, and its location on the top floor, offering an unobstructed view. The disadvantages may include the acquisition cost being higher than the median, which could limit the interest of first-time buyers.