A studio in the historic heart of Soissons – A real investment opportunity

Located on Rue de l'Échelle du Temple, opposite the majestic Cathedral of Soissons, this attic studio
22.51 m2 Carrez law (for 45.45 m2 floor surface) represents a rare opportunity
for an investor looking for a property with high potential in a highly sought after area of the city centre.
The accommodation is located on the 3rd and last floor of an old mansion, an emblematic building of the
soissonnais heritage, managed in condominium to voluntary trustee.

The property requires work, but its location, stamp and strong rental demand make it
an ideal basis for a profitable and secure investment. The Cathedral district is one of the most popular
Soissons: historical, lively, close to all amenities, schools, shops and
Transport. Everything can be done on foot, which increases the rental attractiveness of the studio.

Detailed description of the property

The studio, located on the top floor under the roofs, enjoys exposed beams, an authentic atmosphere
and a charm typical of the old Soisonian buildings. The current arrangement is as follows:

• Entry overlooking a central corridor.
• Left : bathroom with toilet.
• On the right : small recess ideal for storage or dressing.
• Mansardous living room with beams, light, offering the possibility to organize a space
  night distinct from the stay.
• Kitchen corner to be renovated, equipped with a sink and a 100-litre hot water balloon.
• Beautiful volume under roof and optimisation possibilities (integrated sub-slope shifts,
  separate night corner, optimization of lighting and openings).

The DPE is currently blank, as the old electrical convectors have been removed. The studio is therefore
not subject to DPE at present. The Velux are to be replaced and some interior equipment to be modernized.

The building consists of 19 main lots and is managed as a volunteer trustee, without any ongoing procedure.

Work to be planned and possible optimization of the property

The studio requires a global renovation, but this restoration paves the way for a significant enhancement,
both on the quality of the property and on the potential rent. The estimated work is between
10 000 € and 15,000 €Indicatively distributed as follows:

• Electricity: 2 000 €
• Replacement of Velux and openings: 5 000 €
• Bathroom repairs: 1 500 €
• Kitchen corner rearrangement: 1 500 €
• General decoration, floors, paintings, layout: 5 000 €

Once renovated, this studio will have remarkable charm and modern comfort
appreciated by students, young people, teachers, city centre workers or
tenants looking for central and convenient housing.

Lease performance and profitability for an investor

The studio was rented until December 2024 for 280 € Net/month Other than charges.
After renovation, the net rental value is estimated between 350 and 370 € / month,
plus 30 € recoverable expenses.

Indicative financial projection:

• Purchase: 36 000 €
• Acquisition costs: 2 500 €
• Work: 15 000 €

Total cost price: 53 500 €
Estimated net rent: 350 € x 12 = 4 200 € / year
Gross profitability: approximately 7.8%

This profitability is higher than the average found on the studios in the city centre,
which makes this good a good opportunity for an investor wishing to value a
small housing in a supporting sector.

Cathedral district: Soissons' most sought after city centre

The studio enjoys an exceptional location, just opposite Saint-Gervais-et-Saint-Protais Cathedral,
emblematic monument of Soissons and central point of the cultural and historical life of the city.
The Temple Scale Street is one of the most charming ancient streets in the city centre.

An area where everything is done on foot

The neighborhood offers a rare comfort of life: everything is accessible in a few minutes on foot.
Key points for future tenants include:

• Market place : 2 minutes behind the Cathedral (market twice a week).
• Downtown shops : bakeries, pharmacies, banks, cafes, restaurants...
• Supermarkets : 5 minutes walk (Carrefour City – Intermarché Express).
• Transport : nearby bus lines, SNCF station can be reached in 12 to 15 minutes on foot.

Nearby schools

This location particularly attracts families, students and teaching staff through the
concentration of accessible schools:

• City centre public college : less than 5 minutes walk.
• Primary school Three minutes.
• Kindergarten : also close to the Cathedral area.
• Private education Jeanne d'Arc establishments (maternal, primary and high school) 7 minutes walk away.

This school density increases rental attractiveness, especially for teachers, students, trainees,
young people and single-parent families seeking central housing.

A dynamic and pleasant city

Soissons is a human-sized city with a rich heritage, a solid cultural offer
(theatre, museums, events, festivals), and a growing employment pool.
The rental demand remains strong, especially for studios close to the Cathedral.

Sale price

36 000 € FAI, commission included at the expense of the seller.

An attractive price for a property to renovate but perfectly located, ready to offer excellent potential
rental after work.