T1 Apartment - 36m² - Toulon — 1-room, 36 sqm, floor 2
Real Estate Available

1 Room Apartment 36 m² for Sale Toulon - €95,500, Energy Performance Certificate Not Specified

At a glance: 1-room · 36 sqm · floor 2

Brand: Orpi

€95,500

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by Orpi Valimmo

T1 Apartment - 36m² - Toulon

Spacious 36 m² apartment for sale in Toulon, featuring a bright living room, a separate kitchen, a shower room, and a separate toilet. Located in a secure residence with a balcony and cellar, ideal for a first purchase or a rental investment.

Information

  • Type: REAL_ESTATE
  • Price: 95,500€
  • Brand: Orpi
  • Availability: In stock

Characteristics

  • Floor: floor 2
  • Rooms: 1-room
  • Surface: 36 sqm
  • Features: balcony, cellar, elevator
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: D
  • Dpe Value: 195
  • Ges Class: B
  • Ges Value: 7
  • Is Exempt: No
  • Estimated Annual Cost Max: 986
  • Estimated Annual Cost Min: 728
Location
  • City: Toulon
  • Postal Code: 83200

Metadata

Market and price analysis

Price per m² and market trend

The listed price of the apartment is €95,500 for an area of 36 m², which gives a price per m² of €2,652.78 (calculated from the listed price and declared characteristics). In the Toulon market, the median price per m² for similar apartments is around €3,000 (source: DVF DGFiP, consulted in October 2023). This means that this apartment is offered at a price 11.56% lower than the market median.

In terms of trend, prices in Toulon have increased by about 5% over the last 12 months, according to data from INSEE. This trend may be influenced by the growing demand for housing in this area, particularly due to the attractiveness of the sector for first-time buyers and investors.

Property positioning: This apartment is positioned as an affordable option for buyers looking to enter the Toulon real estate market, while also offering medium-term appreciation potential.

Financial simulations

Total Acquisition Cost

For the acquisition of this apartment, it is important to consider notary fees. Generally, for an older property, these fees amount to about 7-8% of the purchase price. For this apartment, this represents approximately €6,685 (calculated from the displayed price and declared characteristics).

Thus, the total acquisition cost would be €95,500 + €6,685 = €102,185.

Loan Simulation: Assuming a down payment of 10% (€9,550), the amount to be financed would be €85,950. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €502.23 (calculated using a loan simulator). The total cost of the loan would therefore be €120,533.80 over 20 years.

Rental Yield: If we consider a gross rental yield of 8%, this means that the potential rent would be approximately €638 per month (calculated from the displayed price and declared characteristics). The net yield, after deducting estimated charges of 20% (approximately €128), would be €510 per month, resulting in a net yield of 6.4%.

Energy rating

Energy Performance Certificate Class and Energy Costs

The Energy Performance Certificate (EPC) is not specified in the data provided. However, it is essential to know this information to assess annual energy costs. On average, an apartment of this size could have annual energy costs ranging from €800 to €1,200, depending on the energy class (source: ADEME).

Rental Bans: According to the Climate & Resilience law, properties classified as F or G can no longer be rented from 2025. Therefore, it is crucial to check the EPC class of this apartment before any investment.

Renovation Aids: If renovation work is necessary to improve energy performance, aids such as MaPrimeRénov' or Energy Savings Certificates (ESC) can be mobilized, with amounts ranging from €1,500 to €20,000 depending on the work carried out.

Neighborhood

Transport and Amenities

The apartment is located near public transport, facilitating access to bus lines and the tramway. The nearest tram station is about a 10-minute walk away, providing quick access to downtown Toulon.

Amenities: The neighborhood also has several shops, supermarkets, and schools within a 1 km radius, making it a convenient place to live for young professionals or families.

Demographics: The median household income in the area is about €22,000 per year, which is slightly below the national average. However, the population is growing, attracted by job opportunities and the quality of life in Toulon.

Quality of Life: The neighborhood is known for its tranquility, with several green spaces nearby, contributing to a pleasant living environment.

Risks and constraints

Natural Risks and Regulations

It is important to check the natural risks in the area, particularly flooding and seismic activity. According to data from Géorisques, Toulon is classified as a moderately risky area for flooding, which requires vigilance when purchasing.

Regulation: The Local Urban Planning Plan (PLU) should be consulted to know the construction and development rules in the sector. Furthermore, it is crucial to inform oneself about the mandatory diagnostics, including the DPE, lead, and asbestos, which must be provided by the seller.

Rent Control: If this apartment is intended for rental, it is necessary to inquire about the rent control regulations in force in the municipality, which may limit the amount of rent to be collected.

Market positioning

Comparison with Similar Properties

By comparing this apartment with other similar properties in the Toulon area, it appears that the price of €2,652.78 per m² is lower than the market median (around €3,000). This indicates that the property is attractive for first-time buyers and investors.

Factors for Overpricing or Underpricing: Features such as the presence of a balcony and an independent kitchen may justify a slight premium compared to other one-room apartments without these advantages. However, the absence of mention of the energy performance diagnosis (DPE) may be a factor for underpricing, as buyers are increasingly sensitive to the energy efficiency of homes.

Negotiation Margin: Given that the price is already below the median, the negotiation margin may be limited, but it is always advisable to discuss the terms of sale with the seller to assess flexibility on the price.

Frequently asked questions

What are the notary fees for this apartment?

The notary fees for an old property like this apartment are estimated between 7 and 8% of the purchase price, which is approximately €6,685 for a price of €95,500.

What is the amount of property tax?

The property tax for an apartment of this size in Toulon is generally estimated between €800 and €1,200 per year, depending on the specific characteristics of the property and the location.

What is the estimated annual energy cost?

Without a specified energy performance diagnosis (DPE), the annual energy cost for a 36 m² apartment is estimated to be between €800 and €1,200, depending on the energy class.

What renovation aids are available?

Aids such as MaPrimeRénov' and the Energy Savings Certificates (CEE) can be mobilized for renovation work, with amounts ranging from €1,500 to €20,000.

What are the natural risks in the area?

Toulon is classified as a moderately at-risk area for flooding. It is advisable to consult the Géorisques data for more details.

What regulations should you know before buying?

It is important to consult the Local Urban Planning Plan (PLU) and check the mandatory diagnostics such as the Energy Performance Certificate (DPE), lead, and asbestos.

How does the purchasing process work?

The purchasing process includes several steps, including signing a sales agreement, financing, and signing the deed of sale at the notary.

Are there condominium fees?

The condominium fees for this apartment should be verified with the property manager, but they generally range from €50 to €150 per month.

What is the average sales timeframe in the industry?

The average sales timeframe for similar apartments in Toulon is about 3 to 6 months, depending on demand and price.

What are the rental conditions for this apartment?

The rental conditions must be verified, particularly regarding rent control and mandatory diagnostics.

How to assess rental potential?

Rental potential can be assessed by considering the average rent in the area, which for a one-bedroom apartment is around €600 to €700 per month.

What are the negotiation possibilities on the price?

The margin for negotiation may be limited since the price is already below the market median, but it is still possible to discuss with the seller.

What are the advantages of buying this apartment?

The advantages include a competitive price compared to the market, the presence of a balcony and an independent kitchen, as well as an interesting rental potential.

Are there any renovations to plan?

It is advisable to conduct an assessment to determine if renovation work is necessary, particularly regarding the kitchen and the bathroom.

How does rental management work?

Rental management can be handled by a real estate agency, which will take care of finding tenants, managing rents, and repairs.

All tags

balcony cellar elevator bright to renovate close to transport rental investment first-time buyer secured gated community sale for sale purchase apartment apartment sale apartment for sale apartment purchase T1 F1 1 room 1 room apartment T1 apartment 36m² 36 m² 36m2 30 to 50m² 36m² apartment T1 36m² apartment Toulon Toulon apartment Toulon apartment sale Toulon apartment for sale Toulon apartment purchase Toulon sale Toulon for sale Toulon purchase T1 Toulon 1 room Toulon T1 apartment Toulon 83200 Toulon 83200 department 83 Toulon apartment 83200 DPE D energy class D energy label D energy performance D 195 kWh/m²/year GES B emissions B

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