Rental investment: these little -known small areas are even more profitable than parking lots

Investing in a cellar can report much more than you imagine. In Lille, Marseille or even Paris, these sometimes forgotten spaces offer yields much higher than those of conventional housing or parking lots.

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Particular in search of a rental investmentdo you know that it is possible to buy 23 square meters in Paris for the modest sum of 22,000 euros? You will not find this good on the residential real estate market, where this surface costs 218,000 euros on the basis of an average price of 9,480 euros per square meter, but on that of … cellars. “As for parking lotsthe owners donors more and more tend to split the lease of the accommodation of that of the cellar, in order to better value each of the two lots ”explains to CapitaL Laure Courty, founder of the company Je Stocke, specializing in the rental of storage premises. When these owners decide to sell their property, they therefore give in the cellar independently of the apartment. Hence the development of a real cellar market. All the more “In a lot of buildings, cellars have been abandoned, which led investors to buy them, to renovate and re -make them”adds Laure Courty.

They had a hollow nose. According to I stocke.fr, the raw rental profitability of the cellars, that is to say the annual rent relating to the acquisition price, without taking into account the property tax and the (low) co-ownership charges, Eschelonne Between 7% and 11% In the 11 largest cities in France, against a range of 5% to 6% for parking lots and 4% for residential real estate in Paris. It is in Lille, Marseille and Montpellier that the rental of cellars provides the maximum yield of 11%. First of all because the purchase price of a cellar is particularly affordable in these three cities, between 1,300 and 1,500 euros per square meter. Afterwards, rents, which are not supervisedunlike housing leases in certain metropolises, clearly exceed 10 euros per square meter in Lille, Marseille and Montpellier, thanks to a strong demand, partly maintained by “A large population of students, who needs storage places when she leaves abroad in Erasmus”deciphers Laure Courty. In Montpellier and Marseille, the average area of ​​rented cellars also revolves around 5 to 6 square meters only. Gold “Small areas, more affordable for rental, are praised very well”says the founder of I stores.

Cellars, a word of mouth

In Paris, the profitability of the cellars is a little less, with an average of 9%, due to a otherwise higher purchase priceat 2,745 euros per square meter. But districts like the 13th, XIVth, XIXth and XXE offer gross profitability of 11%. “Already dynamic before the epidemic of COVID-19, the cellar market has accelerated again after the health crisis, which caused a deep desire to have a maximum of space to live and, therefore, of places to store” What you no longer want to see your living room clutter, deciphers Laure Courty.

Attention, the rental profitability of a cellar depends on its quality. A tortuous stone staircase to descend to the basement of the building and the green wood doors, which can be easily fractured, will not justify a rent as high as cellars accessible via an elevator and well closed. “Ventilation, accessibility, security” : This is how Laure Courty defines a quality cellar. The clay is however unacceptable because it allows the ground to breathe. If your cellar does not meet these three criteria, do not worry: “There are Caves renovation specialistswhich solve humidity problems and develop them very well, with shelves, wine lockers, storage for clothing ”lists the manager. Are you determined to invest in a cellar? To find the good of your dreams, peel the portal of traditional real estate ads and auction sales: “Caves remain a word of mouth, very local”specifies Laure Courty.