3-room apartment 77.45 m² in La Valette-du-Var - €189,900

The price of the apartment is €189,900 for an area of 77.45 m², which corresponds to a price per m² of €2,444.76 (calculated from the displayed price and the declared characteristics).

Based on data from the DVF (Land Value Database), the median price per square meter for apartments in the La Valette-du-Var area is estimated at around €2,500 (source: DVF DGFiP, consulted in 2023). This property is therefore slightly below the market median, which may represent an advantage for potential buyers.

Apartment prices in the La Valette-du-Var area have seen an increase of about 5% over the last 12 months, according to local real estate market trends. This trend may continue to influence the selling price of this property in the coming months.

The apartment is located in the La Coupiane area, which is considered a quiet and sought-after residential neighborhood, close to amenities. This may contribute to a future increase in the property's value.

The notary fees for this apartment, estimated between 7% and 8% of the purchase price, would amount to approximately €13,393 (calculation based on the listed price). This brings the total acquisition cost to approximately €203,293.

For a loan of €189,900 over 20 years at the current average rate of 3.4%, with a contribution of 10% (€18,990), the monthly payments would be approximately €1,041 (calculation based on current interest rates and standard loan conditions).

If this apartment is rented out, with an estimated rent of €1,200 per month, the gross rental yield would be around 7.57% (calculation based on the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could be around 6%.

The annual holding cost, including the property tax estimated at €1,200 (estimate based on industry averages), condominium fees (approximately €1,000), and home insurance (approximately €300), would be around €2,500 per year.

The apartment is classified as D, which indicates a moderate energy consumption. This could influence annual energy costs.

The annual energy cost for a D-rated apartment is estimated to be between €1,200 and €1,500 (estimate based on average public sector data).

According to the Climate & Resilience law, homes classified as F and G can no longer be rented starting in 2025. The apartment, being classified as D, will not be affected by these bans.

To improve the class D to C, renovation work could cost between €10,000 and €20,000 (indicative range based on current professional rates).

Aids such as MaPrimeRénov' and the Energy Savings Certificates (CEE) could be mobilized to finance part of the renovation work, with amounts varying according to the work carried out.

The apartment is located near bus stops and public transport lines, facilitating access to Toulon and surrounding cities. The transport network is deemed satisfactory by residents.

The neighborhood offers a variety of local shops, including supermarkets, bakeries, and restaurants, within a 10-minute walk.

Educational institutions, ranging from kindergarten to middle school, are located nearby, which is an asset for families. Academic results are considered satisfactory by parents.

The neighborhood is known for its tranquility and green spaces, providing a pleasant living environment. However, some residents report occasional noise disturbances due to traffic.

Urban development projects are underway in the region, aiming to improve infrastructure and services, which could have a positive impact on long-term property valuation.

According to data from Géorisques, the La Valette-du-Var area presents a moderate risk of flooding and landslides, which must be taken into account when acquiring.

The Local Urban Planning (PLU) of La Valette-du-Var imposes certain restrictions on constructions and renovations. It is advisable to consult the PLU before undertaking any work.

It is important to check for the existence of potential easements that could affect the use of the apartment, particularly regarding common areas.

All mandatory property diagnostics must be provided by the seller, including the energy performance certificate (DPE), lead diagnosis, and termite diagnosis. Check their validity before purchase.

If the apartment is intended for rental, it is important to inquire about the rent control regulations in effect in the municipality, which can influence rental yield.

Compared to other 3-room apartments in the area, this apartment is slightly below the median price, which could facilitate a quick sale. Similar apartments generally sell for between €200,000 and €220,000.

The characteristics of the apartment, such as the modern kitchen and air conditioning, may justify a slight overvaluation compared to other similar properties. On the other hand, the absence of a balcony or outdoor space may be a factor for undervaluation.

Given that the price is already below the median, the negotiation margin could be limited. However, a buyer might attempt to negotiate based on the results of the diagnostics or necessary work.