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Villenave Dornon

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Real estate insights for Villenave Dornon

AspectSummary
PopulationApprox. 19,000 residents
Average Property PriceAround €250,000
Rental YieldApprox. 5% to 7%
Average Rent€800 to €1,200 per month
Occupancy RateAround 90%
Capital Growth Rate2% to 3% per annum
Property TaxAverage €1,500 annually
Transaction CostsApprox. 7% to 10%
Expected ROI7% to 10% annually
Economic Growth ImpactModerate growth in local economy

Villenave Dornon FAQ

  • What factors influence real estate prices in Villenave Dornon?

    Real estate prices in Villenave Dornon are influenced by several factors, including location, property size, condition, and local amenities. For example, properties located near the center of Bordeaux, which is just a short distance away, tend to fetch higher prices—averaging around €3,500 per square meter—compared to Villenave Dornon's more suburban areas, where prices can be around €2,500 per square meter. The size of the property also plays a significant role; larger homes with four bedrooms can be listed at prices upwards of €350,000, whereas smaller two-bedroom properties might range around €200,000. Additionally, the overall condition of the property affects marketability and pricing; newly renovated homes can command a premium, sometimes 10-15% more than similar properties needing extensive repairs. Local amenities such as schools and parks also contribute to desirability; areas with highly-rated schools are known to see a price increase of up to 20% as families seek proximity to quality education.

  • How have real estate prices in Villenave Dornon changed over the last year?

    Over the past year, real estate prices in Villenave Dornon have experienced notable fluctuations. In 2022, the average property price per square meter was approximately €2,600, whereas by late 2023, it has risen to around €2,800, marking an increase of about 7.7%. This rise is particularly evident in the demand for family homes, where the average price went from €300,000 to €320,000 for a standard three-bedroom house. In contrast, smaller apartments have shown a different trend; while the average price for a one-bedroom unit was €125,000 last year, it has now stabilized around €130,000. Additionally, certain neighborhoods like Les 3 Moulins have seen sharper increases, with some properties appreciating by as much as 10% in value within a single year, reflecting a growing interest in suburban living.

  • What is the average price per square meter for homes in Villenave Dornon?

    As of 2023, the average price per square meter for homes in Villenave-d'Ornon hovers around €3,200. This figure reflects a range of property types, from smaller apartments to larger family homes. For example, a two-bedroom apartment in this area typically sells for approximately €2,800 to €3,000 per square meter, while a four-bedroom detached house can range from €3,100 to €3,500 per square meter. Prices can also vary depending on proximity to public transport and local amenities; homes near the Bordeaux tram line often command a premium. Additionally, properties with extensive gardens or modern renovations may see prices exceeding the average significantly, sometimes reaching up to €4,000 per square meter.

  • Are there specific neighborhoods in Villenave Dornon where prices are higher?

    In Villenave-d'Ornon, certain neighborhoods reflect a notable difference in property prices. The area around the Parc de la Chêneraie tends to command higher prices, often ranging from €3,500 to €4,500 per square meter due to its proximity to green spaces and family-friendly amenities. Additionally, properties near the Bordeaux city center—specifically along the Rue de Preuilly—are priced at an average of €4,200 per square meter, appealing to those seeking quick access to urban conveniences. The neighborhood close to the tram line, particularly near the stops at La Guitardière, showcases transactions around €3,800 per square meter, attributed to the demand for convenient public transport. Conversely, regions farther from the main transport links, such as those towards the outskirts of Villenave-d'Ornon, typically see lower values, around €2,500 to €3,000 per square meter.

  • How does the cost of living in Villenave Dornon compare to neighboring areas?

    The cost of living in Villenave-d'Ornon is generally lower than in nearby urban centers like Bordeaux. For instance, the average rent for a one-bedroom apartment in Villenave-d'Ornon is around €600 per month, while in Bordeaux, it sits closer to €900. Grocery prices also show a disparity; a liter of milk costs approximately €1.10 in Villenave-d'Ornon, compared to €1.30 in Bordeaux. Transportation expenses can differ, as a monthly public transport pass in Villenave-d'Ornon is around €50, whereas in Bordeaux it's about €60. Overall, housing, food, and transport costs tend to be more affordable in Villenave-d'Ornon, making it an attractive option for those looking to balance proximity to a larger city with a lower cost of living.

  • What are typical property taxes like in Villenave Dornon?

    In Villenave d'Ornon, the property taxes consist primarily of the taxe foncière and the taxe d'habitation. The taxe foncière, which is paid by property owners, typically ranges from 1% to 2% of the property's assessed value, though it can vary depending on specific local rates set by the municipality. For example, a property valued at €200,000 might incur an annual taxe foncière of around €2,000, depending on the exact assessment rate. The taxe d'habitation, which was gradually abolished for primary residences starting in 2018, historically ranged from 10% to 15% of the property's assessed rental value. For a similar property, this tax might have been approximately €1,500 before the phase-out. It's important to note that while exemptions and reductions exist for certain eligible groups, these figures provide a general insight into the property tax landscape in Villenave d'Ornon.

  • Is it a good time to invest in real estate in Villenave Dornon?

    In Villenave Dornon, real estate investment dynamics are shaped by a mix of affordability and growth potential, particularly in comparison to nearby Bordeaux. As of late 2023, the average property price in Villenave Dornon hovers around €3,000 per square meter, which is approximately 40% lower than the Bordeaux average of €5,200. This price disparity presents an appealing entry point for investors looking for better value. Current rental yields in the area are around 5.5%, driven by increasing demand as families seek homes near urban centers without the high costs. The town's proximity to Bordeaux—only about 10 kilometers—positions it well, especially as Bordeaux’s urban expansion spills into neighboring areas. Recent developments in infrastructure, including ongoing improvements to public transport links, could further enhance appeal, with the Tram line A connecting Villenave Dornon to Bordeaux expected to bolster accessibility. Properties such as the new residential complexes near the local park are attracting interest, highlighting a trend in buyers looking for modern amenities combined with local charm.