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House for sale in Herault (34), France

60 000€

Property description

Based on your description of the property, I'll provide an analysis from a buyer's perspective, looking at both real estate investment and lifestyle factors. Real estate investment: 1. Price: With a price tag of €60,000, this studio is priced reasonably in the market. The price-per-square-meter ratio might be higher or lower comparing it to other properties in the vicinity. 2. Rental income: The property has a potential monthly rental income of €320 (excluding tax and charges), but could increase depending on the market. Co-ownership fees are €60 per month for 60 months. 3. Location: Being in the city center can be a great advantage. Many potential tenants might be interested in living in the heart of the city. You could enjoy positive cash flow if the rental income exceeds the mortgage repayments (assuming there are mortgage repayments). 4. Demographics: Tenants seeking to relocate to city centers for work or study might be your target audience. The demand may vary seasonally or temporarily, depending on the local job market and public events. Lifestyle purchase: 1. Size: A studio apartment of 33 m² may not be sufficient for those who have grown accustomed to larger living spaces. Families with children would require more space, and couples with pets might also find it cramped over time. 2. Layout: Determining the exact layout from your description is challenging. For anyone looking to live here either as a tenet or an owner, an assessment of the space - relation to access, lighting, and utility accessibility is crucial. 3. Comfort: The condition of the apartment is mentioned as "perfect," which may suggest that there are no major issues with past the absence of that any defect or repairs needs to be taken care soon. 4. Proximity: With a city center location, this property can offer easy access to amenities, workplaces, and public transportation. Apart from the city's benefits, overall lifestyle living in well-developed areas is highly convenient. In conclusion, from a buyer's perspective, this property could be an excellent investment in the right location, though it may not provide spacious living conditions. If located well and in high demand areas among targeted demographics, it has potential good investment returns. Testing the market by comparing similar properties and getting local market insights should be your next step before deciding to buy.

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Date added: 24.07.2024

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