2-room apartment for sale in Boulogne-Billancourt - €229,500, 32 m²

The listed price for this apartment is €229,500 for an area of 32 m², which translates to a price per m² of €7,171.88.

Based on average public data from the sector, the price per m² in Boulogne-Billancourt for 2-room apartments generally ranges between €6,500 and €8,000, placing this apartment in the high end of the market.

Over the last 12 months, apartment prices in Boulogne-Billancourt have seen an increase of about 5%, according to DVF (Demand for Property Value) data from the DGFiP. This trend is supported by strong rental demand in the area, particularly in the Boulogne Nord neighborhood, which is sought after for its proximity to Paris and its amenities.

By comparison, the market median for similar properties is around €7,000 per m², indicating that this apartment is slightly above the median, but justified by its location and features.

For a purchase price of €229,500, notary fees are estimated between 7% and 8% for an older property, which is approximately €16,965 to €18,360.

The total acquisition cost would therefore be between €246,465 and €247,860.

Loan Simulation

Considering a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€22,950), the borrowed amount would be €206,550.

Monthly payments would be around €1,200 per month, including borrower insurance. Over the total duration of the loan, the total interest cost would be approximately €40,000.

Rental Yield

If this apartment is rented, with an estimated rent of €1,200 per month, the gross rental yield would be 6.3% (€1,200 x 12 months / €229,500). After deducting charges and property tax estimated at €1,200 per year, the net yield could drop to around 5.2%.

Data not available regarding the DPE class of this apartment. Generally, for an apartment of this size, the annual energy cost can vary between €800 and €1,200, depending on the energy efficiency of the building and the consumption habits of the occupants.

Rental Bans

The Climate & Resilience Law imposes rental bans for properties classified as F or G starting in 2025. Therefore, it is crucial to check the DPE class before purchasing to avoid future renovation costs.

Available Assistance

In the case of renovation work to improve the energy class, several aids can be mobilized, such as MaPrimeRénov', which can cover up to 90% of costs depending on income, or the eco-PTZ, which allows financing of work without interest.

The apartment is located 100 meters from the Jean Jaurès metro station (line 10), providing quick access to the center of Paris.

Amenities

In the immediate vicinity, there is the Les Passages shopping center, as well as many local shops. The Bois de Boulogne is also within walking distance, offering a pleasant living environment with green spaces.

Demographics and Quality of Life

Boulogne-Billancourt is a dynamic municipality with a median income of around €30,000 per year. The population is predominantly young and active, which contributes to the high rental demand in the area. The quality of life is generally considered good, with quality health and education infrastructure.

The Boulogne-Billancourt district is classified as a low-risk area for flooding, according to Géorisques data. However, it is important to check for any easements or constraints related to the PLU (Local Urban Planning Plan).

Rent Control

Depending on the rent control law, it is important to check the applicable ceilings in the sector. Currently, for a 2-room apartment, the rent should not exceed approximately €1,200 per month, which is in line with the estimated rent for this apartment.

Mandatory Diagnostics

Before purchasing, it is essential to request the mandatory diagnostics, including the DPE, the lead exposure risk assessment, and the condition of electrical and gas installations.

This apartment is positioned slightly above the market median for similar properties in the Boulogne-Billancourt area.

Overpricing Factors

• Location: Immediate proximity to the metro and shops.
• Quietness: Located on the ground floor with a view of an inner courtyard.

Underpricing Factors

• Lack of Energy Performance Certificate: This may concern some potential buyers.

Negotiation Margin

Given that the price is slightly above the median, a negotiation margin of 5 to 10% could be considered, especially if renovation work is needed.