4-room Apartment 113 m² in Paris 16th - €1,390,000, Energy Performance Certificate C

The listed price for this 113 m² apartment is €1,390,000, which translates to a price per m² of €12,299 (calculated from the listed price and the declared area). According to data from the DVF (Database of Real Estate Values), the median price per m² in the 16th arrondissement of Paris is approximately €10,500 (source: DVF DGFiP, consulted in October 2023). This property is therefore positioned above the market median by 16%.

Over the last 12 months, prices in the 16th arrondissement have experienced an upward trend of about 5% (source: Notaires de Paris, quarterly report). Apartments with a view of the Eiffel Tower, like this one, can benefit from a significant premium, justifying the listed price.

For a purchase price of €1,390,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €97,300 to €111,200 (estimate based on current professional scales).

The total acquisition cost would therefore be between €1,487,300 and €1,501,200.

For a loan at an average rate of 3.4% over 20 years, with a down payment of 10% (€139,000), the amount borrowed would be €1,251,000. Monthly payments would be around €7,200 (calculation based on a loan simulator).

If this apartment were rented, with an estimated rent of €4,500/month (estimate based on local rents), the gross rental yield would be 3.9% (calculated on the purchase price). After deducting expenses (€520/month), the net yield would be approximately 3.0%.

The applicable taxation for a rental investment could include the LMNP regime, allowing for depreciation of assets and expenses.

The annual charges amount to €6,240 (€520/month). The property tax is estimated at €2,000 (estimate based on industry averages). The total annual holding cost would therefore be approximately €8,240.

The Energy Performance Diagnosis (DPE) of this apartment is rated C, indicating an energy consumption between 91 and 150 kWh/m²/year. The estimated annual energy cost would therefore be around €1,200 (calculated based on an average electricity rate of €0.15/kWh).

According to the Climate & Resilience law, apartments rated F or G will no longer be able to be rented from 2025, but this apartment will not be affected.

To improve the energy class to B, renovation work is estimated between €15,000 and €30,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized.

The apartment is located near the La Muette metro station (line 9), about 500 meters away, providing quick access to the center of Paris. The area is well-served by several bus lines.

Regarding shopping, the village of Passy is just a few minutes' walk away, offering a variety of shops, restaurants, and services. Reputable schools, such as the Lycée Jean-Baptiste Say, are also nearby.

The neighborhood's demographics indicate a median income of about €45,000 per year, with a population predominantly composed of families and professionals.

The neighborhood is classified as flood-prone, although the risk is low. Mandatory diagnostics must be provided during the sale, including the energy performance diagnosis (DPE), the state of natural and technological risks, as well as asbestos.

The PLU (Local Urban Planning) of the 16th arrondissement imposes strict rules on constructions and renovations, which could influence future projects.

Finally, rent control is in effect in the 16th arrondissement, with a rent ceiling set at €25/m² for apartments in this category.

This apartment is positioned above the market median. For similar properties in the 16th arrondissement, prices range between €10,000 and €12,000 per m².

The advantages of this apartment include its view of the Eiffel Tower and its outdoor spaces, while the disadvantages could be the high price compared to other properties without a view.

The negotiation margin is estimated at around 5%, given the high demand in the sector.