T3 House for Sale in Oullins 60 m² - €295,000, to Renovate

The displayed price of €295,000 for a 60 m² house corresponds to a price per m² of €4,916.67. This figure is higher than the market median for Oullins, which is around €3,800 per m² according to DVF (Données de Valeur Foncière) data from 2022.

House €4,916.67 €3,800 +29.4%

This house is therefore positioned above the market median, which can be justified by its land area and unique characteristics.

Over the last 12 months, the real estate market in Oullins has experienced a price increase of around 5%. This trend is supported by increased demand for single-family homes in quiet, residential areas. Prices have risen steadily, with a forecast for this trend to continue in the short term, particularly due to proximity to Lyon and developing transportation infrastructure.

This house benefits from a quiet location in the Bussière neighborhood, close to amenities and public transport. The Oullins Centre metro is accessible in 15 minutes on foot, which is an advantage for future occupants. Additionally, the plot of 310 m² offers a pleasant outdoor space, especially for families.

However, the need for renovation may be a deterrent for some buyers, which could influence the price negotiation.

For a property at €295,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €20,650 to €23,600. This brings the total acquisition cost to approximately €315,650 to €318,600.

Purchase Price 295,000 Notary Fees (7-8%) 20,650 - 23,600 Total 315,650 - 318,600

With a contribution of 10% (€29,500), the amount to be financed would be €265,500. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,530.

Amount borrowed 265,500 Interest rate 3.4% Duration 20 years Estimated monthly payment 1,530

The annual holding cost may include charges, property tax, and insurance.

• Property Tax: Estimate based on the industry average, approximately €800 per year.
• Home Insurance: Approximately €300 per year.
• Charges: Approximately €500 per year.

Property Tax 800 Home Insurance 300 Charges 500 Total Annual €1,600

The DPE class is not specified in the description, but similar houses from the 1930s often have a DPE class between D and E. This implies an estimated annual energy consumption between €1500 and €2000 depending on usage.

Annual energy cost 1500 - 2000

According to the Climate & Resilience law, homes rated F or G can no longer be rented starting from 2025. If the energy performance certificate (DPE) of this house is below E, it could pose a problem for future rental.

For energy renovation work, several aids are available:

• MaPrimeRénov': up to €20,000 depending on the work.
• Energy Savings Certificates (CEE): variable amount depending on the work done.
• Eco-PTZ: zero-interest loan to finance energy renovation work.

The Bussière district in Oullins is well served:

• Oullins Centre Metro: 15 minutes on foot.
• Bus Lines: several lines nearby, facilitating access to Lyon and surrounding municipalities.

Metro 15 min Bus 5 min

In the immediate vicinity, you can find:

• Amenities: supermarkets, bakeries, pharmacies.
• Schools: several educational institutions within 1 km.
• Green spaces: park nearby for outdoor activities.

The Bussière neighborhood is primarily residential, with a population of about 5,000 inhabitants. The median income is approximately €25,000 per year, which is slightly below the national average. The family composition is varied, with a majority of families and young professionals.

The Oullins neighborhood is exposed to moderate flood risks according to Géorisques data. It is advisable to check the history of claims with local authorities.

The Local Urban Planning (PLU) of Oullins imposes certain restrictions on renovations and extensions. It is recommended to consult the PLU to check the possibilities for development.

Before the purchase, it is necessary to carry out several diagnostics:

• Energy Performance Diagnosis (EPD)
• Asbestos
• Lead
• Termites These diagnostics must be provided by the seller.

By comparing this house with other similar properties in the neighborhood:

• T3 House: average price of €280,000.
• Renovation House: average price of €250,000.

T3 House 280,000 295,000 +5.4% Renovation House 250,000 295,000 +18%

This house is therefore above the average price for similar houses, which can be justified by its land area and location.

Identified overvaluation factors include:

• Land Area: 310 m², which is attractive for families.
• Proximity to Transport: quick access to the metro and buses.
• Quietness of the Neighborhood: peaceful residential environment.

Given the listed price and the current market, a negotiation margin of 5% to 10% could be considered, especially if renovation work is needed. This could bring the price to a more competitive level compared to similar properties.