“Real Estate Prices in Sarcelles: An Atypical Market with Profitable Opportunities for Investors”

Another particularity of the Sarcellois market, large apartments at “interesting” prices. “The same property in a neighboring town is worth at least twice as much,” stresses Arié Lahmi of the Optimhome Immobilier agency. The buyers are families living in the surroundings in search of large areas. But not only. Investors are increasingly eyeing these apartments, located in the Grand Ensemble, particularly in the Cholettes district. “The further you go towards the station, the less spacious the spaces are”, specifies however Alexandre Seban, who has half a dozen accommodations of this style in his portfolio.

Very profitable shared accommodation: an F 5 brings in 2,500 euros

“Sarcelles is falling prey to investors, because it’s a very low market with a very attractive rental ratio,” confirms Arié Lamhi. The apartments were built in the 1960s and 1970s and since then nothing has been done better. These F5s offer a living room of 40 m2, two bathrooms, two toilets, bedrooms of 14 m2, a kitchen of 16 m2. There is the least possible loss of space”, continues this specialist.

These large apartments, especially those located in the Cholettes district, offer services that many Parisian buildings could envy: double lift, cellar, parking, caretaker… These luxury buildings have moreover earned the avenue which borders the nickname of “Champs-Élysées” in the years 1970-1980. This is no longer really the case today. In return, a tram now passes at their foot.

Among these investors, some are transforming these apartments into shared accommodation. “They create a reception point, leave the living room and rent the rooms. An F 5 brings them 2,500 euros in this way, whereas if they rented it to a family, they would earn 1,600 to 1,700 euros at the most”, analyzes Arié Lahmi.

Pay attention to the amount of charges

His colleague Alexandre Seban from the Sabimo agency makes the same observation. “They create sorts of shared accommodation at the Friends. It is rented for around 500 euros per room, including Internet, with cleaning done once a week in the common areas, ”says the real estate agent. The clientele of these flatshares: employees of Roissy, students, registered at the IUT of Sarcelles or in the universities of Saint-Denis, Villetaneuse (Seine-Saint-Denis), Paris.

Only downside, the amount of charges. It takes 400 to 500 euros per month. Enough to put off potential buyers. But Alexandre Seban puts it into perspective: “When we take into account the charges, this is roughly equivalent to the bill for hot water and heating elsewhere, not counting the caretaker”. He also highlights the vast energy renovation plan launched by the municipality. “All the exterior facades of these buildings will be redone and double glazing will be integrated. The city obtained state funding. This will be beneficial for the owners who will see their charges drop. »