5-Room House 205 m² in La Valette-du-Var - €1,300,000

The listed price of the house is €1,300,000, for an area of 205 m², which gives a price per m² of €6,341.46 (calculated from the listed price and declared characteristics).

Based on public DVF data, the median price per m² for houses in the La Valette-du-Var area is estimated at around €4,500 (source: DVF DGFiP, 2022). This means that the price of this house is 41% higher than the market median.

Regarding price trends, the real estate market in Var has experienced an increase of about 5% per year over the past three years, with stabilization observed recently. This house, built in 2010, is in impeccable condition and has modern amenities, which could justify its positioning above the median.

For the purchase of this house at €1,300,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €91,000 to €104,000 (indicative range based on current professional scales).

The total acquisition cost would therefore be approximately €1,391,000 to €1,404,000.

For a mortgage over 20 years at the current average rate of 3.4%, with a down payment of 10% (€130,000), the amount borrowed would be €1,170,000. Monthly payments would be approximately €6,800 (calculation based on current interest rates and standard loan durations).

In terms of rental investment, if the house is rented, the gross rental yield could be estimated at 4% if the rent is set at €5,200 per month, which would give a net yield after charges of approximately 3% (estimate based on average public sector data).

The Energy Performance Diagnosis (DPE) is not mentioned in the source sheet, which is crucial information for potential buyers. In the absence of a DPE, it is difficult to assess annual energy consumption and associated costs.

Generally, for a house of this size, annual energy costs can vary between €1,500 and €2,500, depending on the energy efficiency of the building (estimate based on average public sector data).

Regarding renovations, if a DPE revealed an energy class lower than C, work may be necessary to improve energy efficiency, with estimated costs ranging from €10,000 to €30,000 (indicative range based on current professional scales).

Available aids such as MaPrimeRénov' or Energy Savings Certificates (CEE) could also be considered to finance this work.

La Valette-du-Var is well served by public transport, with regular bus lines to Toulon and the surrounding areas. The nearest train station is about 5 km away, offering connections to Marseille and Nice.

Regarding amenities, the town has several supermarkets, schools, and healthcare facilities nearby. The quality of life is generally appreciated, with green spaces and cultural activities.

The demographics of La Valette-du-Var show a median income of about €2,200 per month, with a population of around 20,000 inhabitants. Ongoing urban projects aim to improve infrastructure and public services, which could have a positive impact on property valuation.

La Valette-du-Var is located in an area with a moderate flood risk, according to Géorisques data. It is advisable to check the risk prevention plans before purchasing.

Regarding the Local Urban Planning Plan (PLU), it is important to ensure that the house complies with current standards, particularly in terms of construction and extensions.

Mandatory diagnostics must be provided by the seller, including asbestos, lead, and the condition of electrical and gas installations. The buyer's rights are protected by current regulations, and it is essential to respect the legal deadlines for withdrawal and the signing of the deed of sale.

By comparing this house with other similar properties in the La Valette-du-Var area, it is noted that the price of €1,300,000 is above the market median.

Houses with 4 to 5 rooms in this area typically sell between €900,000 and €1,200,000, depending on their condition and features.

The advantages of this house include its generous size, impeccable condition, and modern amenities such as the pool and garden. On the other hand, the high price could be a deterrent for some buyers, especially those with a limited budget. The negotiation margin could be estimated between 5% and 10%, depending on market interest and competing offers.