4-room apartment 110 m² in Paris 16 La Muette - €1,360,000

The listed price of the apartment is €1,360,000, which corresponds to a price per m² of €12,363.64 (calculated from the listed price and the area of 110 m²). This price is higher than the market median in the 16th arrondissement, which is around €10,500 per m² according to DVF data from 2022. Over the last 12 months, prices in the 16th arrondissement have increased by about 5% on average, according to trends in the Paris real estate market.

This apartment is positioned in the upper segment of the Paris real estate market, particularly due to its size, its southwest exposure, and the presence of a parking space. However, the need for refreshment work could be a negotiating factor.

For a purchase of €1,360,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €95,200 to €108,800. The total acquisition cost therefore amounts to approximately €1,455,200 to €1,468,800.

Considering a loan at an average rate of 3.4% over 20 years with a contribution of 10% (€136,000), the amount borrowed would be €1,224,000. The monthly payments would be approximately €7,100 (calculation based on a loan simulator).

If this apartment is rented, with an estimated monthly rent of €4,500 (estimate based on sector rents), the gross rental yield would be 4% (calculated on the purchase price). After deducting charges and property tax, the net yield could be around 3.5%.

The DPE class is not specified in the description, but it is mentioned that work is needed. Generally, older apartments in the 16th arrondissement have a DPE class ranging from C to E. The estimated annual energy cost could be between €1,200 and €1,500 depending on consumption (estimate based on average public sector data).

Aid such as MaPrimeRénov' and the Energy Savings Certificates (CEE) can be mobilized to finance renovation work. The amounts vary, but can range from €1,500 to €10,000 depending on the scope of the work.

The apartment is located near the La Muette metro station, served by line 9, providing quick access to the center of Paris. Bus lines and self-service bike stations are also available in the area. The La Muette neighborhood is known for its tranquility, local shops, schools, and parks, such as the Bois de Boulogne.

The 16th arrondissement is one of the wealthiest in Paris, with a median household income of around €45,000 per year (source: INSEE, 2020). The quality of life is considered high, with many green spaces and a low population density.

The neighborhood is classified as having a low risk of flooding and seismic activity (source: Géorisques). However, it is important to check the easements and local construction regulations.

Mandatory diagnostics include the Energy Performance Certificate (DPE), the state of risks and pollution (ERP), and the lead exposure risk report (CREP). It is essential to request these documents before purchasing.

Compared to other 4-room apartments in the 16th arrondissement, this property is above the median price, which is around €10,500 per m². The advantages include brightness, exposure, and the parking space, while the need for renovations could be a negotiation factor.

Given the need for work, a negotiation margin of 5 to 10% could be considered, which could bring the price to around €1,224,000 to €1,292,000.