Investing in Lille, in the Fives district

What are the advantages of Lille-Fives?

Fives is located in the east of the capital of Flanders. Formerly an industrial area of Lille , it is currently one of the most popular districts of the city.

A constantly evolving neighborhood

À partir des années 80 (fin de la période industrielle), le quartier de Fives affirme sa volonté de devenir un quartier résidentiel. De plus, étant donné que sa population augmente sans cesse, il doit répondre à leurs besoins grandissants en termes de logements. Ce secteur fait ainsi l’objet de nombreux projets d’urbanisme.

Il s’agit, entre autres, de l’aménagement des transports, de la réhabilitation d’anciens locaux d’usine pour bâtir des centres commerciaux et de la mise en place de nombreux programmes immobiliers neufs.

The various development projects aim in particular to increase the number of housing units and green spaces. Thus, this district has become more and more dynamic. Today, it looks like a little corner of paradise in the heart of the city of Lille. This is why it attracts many tenants who prefer calm.

The neighborhood currently has nearly 21,260 residents and the median age of its population is 29 years old.

Various transport systems

The transport network is one of the main strengths of the Fives district. First of all, this district is served by:

• The D146 departmental road and the A1 motorway to the south,

• The N356 (in the extension of the A1) to the west,

• The D941 departmental road to the north (connecting the district to Lille-Flandres station),

• The D48 departmental road to the east. 

​​​​​​This area also benefits from numerous public transport options, including:

• Two metro lines: line 1 and line 2,

• Two tram lines: line R and line T,

• Two bus lines: line 13 and line 52. 

Mobility being one of the most important details in choosing the location to invest, the Fives district has something to satisfy your tenants. Residents will be able to easily reach nearby cities or other districts such as Vauban Esquermes or Vieux-Lille . 

What is the best plan for investing in Lille-Fives?

When it comes to investing in rental properties , the Fives district is currently one of the most profitable in the city of Lille. Here is the information and details you need to successfully complete your real estate project .

Real estate profile

The total number of dwellings in the Fives district is approximately 10,853.

Here are the details of the distribution of housing according to the number of rooms:

• One-room apartments: 14.8%,

• Two-room apartments: 23.9%,

• Three-room apartments: 23.9%,

• Four-room apartments: 16.4%,

• Five-room apartments and more: 21.0%. 

The proportion of residents who own their main residence in Lille-Fives is only 31.1%. In addition, the percentage of households who rent their accommodation is 68.1%. Rental demand is therefore high in this district.

Real estate prices

The rate charged in the Fives district is much lower than the average for the city of Lille. Investing in this sector is a great opportunity for all investors on a small budget. Indeed, the average cost per square meter for all types of property combined is approximately 2,869 euros. This rate is much lower than that of other districts such as Vieux-Lille, Vauban Esquermes or Lille-Centre.

Voici le détail des prix au mètre carré suivant le type de bien :

• House: 1,724 to 3,604 euros, or an average price of 2,593 euros,

• Apartment: 2,019 to 4,250 euros, or an average price of 3,042 euros. 

Pour ce qui est du loyer mensuel, il s'élève en moyenne à 14€/m2 pour un appartement. Quant à la maison, elle est louée à un tarif moyen de 10,9 euros par mètre carré.

Profile of tenants to target for investing in Lille-Fives

The districts of Vieux-Lille, Vauban Esquermes or the hypercentre are a wise choice for a secure heritage investment . The Lille-Fives sector (as well as Wazemmes, Moulins and Bois-Blanc), for its part, is ideal if you are looking for a high rental yield .

Thanks to the beauty of its houses with gardens, this district particularly appeals to families looking for a pleasant living environment. Families and young professionals are, therefore, your number one target for your rental investment . Thus, you should favor housing close to amenities, such as shops, educational establishments, schools and public transport (bus, metro, tram).

Moreover, since the city of Lille is a university center, students can also be part of your potential tenants. In this case, the studio and the two-room apartment are, among others, a good option.

Should you use the services of a real estate expert?

Dans le cadre d’un projet locatif, le meilleur moyen de réussir, c’est de collaborer avec une entreprise experte de l'investissement immobilier. En effet, ce type d’investissement requiert une vraie expertise. Le professionnel s’occupe de l’ensemble des tâches et de tous les détails lors de l’achat de la maison ou de l’appartement.

Son excellente connaissance du marché immobilier et ses avis pertinents sont la garantie du succès de votre projet. Tenant compte de vos besoins et de votre budget, il peut vous orienter vers l’offre la plus appropriée. Effectivement, il saura dénicher pour vous le bien susceptible de vous apporter un meilleur rendement.

Il pourra même vous assister dans la gestion locative de votre bien, de quoi vous prémunir de tout risque de vacance locative. Si vous souhaitez être accompagné dans toutes les étapes de votre projet, de la recherche du bien à sa mise en location, n'hésitez pas à nous contacter.