T2 Apartment 48 m² for Sale in Paris 16th - €419,000, Energy Rating E

The listed price of the apartment is €419,000 for an area of 48 m², which corresponds to a price per m² of €8,729.

• Price per m²: €8,729 (calculated from the listed price and declared characteristics).
• Market median: According to data from the DVF (Land Value Database), the average price per m² in the 16th arrondissement of Paris is approximately €10,500 (source: DVF DGFiP, consulted in October 2023).
• Deviation from the median: The price per m² of this apartment is 17% lower than the market median.
• Price trend: Over the last 12 months, prices in the 16th arrondissement have increased by approximately 3% (source: Notaires de France, consulted in October 2023).

For the purchase of this apartment, here are the estimates of the associated fees and costs:

• Notary Fees: Approximately 7% for an older property, or €29,330 (calculation based on the purchase price).

• Total Acquisition Cost: €448,330 (purchase price + notary fees).

• Loan Simulation:

  • Amount borrowed: €419,000 - 10% down payment = €377,100.
  • Current average interest rate: 3.4% over 20 years.
  • Estimated monthly payment: €2,100 (calculation based on current professional scales).

• Annual Holding Cost:

  • Estimated property tax: €1,200 (estimate based on sector averages).
  • Condominium fees: €1,800 (estimate based on condominium data).

The apartment is classified DPE E, which indicates moderate energy consumption.

• Estimated annual energy cost: Approximately €1,200 (estimate based on average public sector data for a 48 m² apartment).
• Rental bans: According to the Climate and Resilience law, properties classified F and G can no longer be rented starting in 2025. This apartment is not affected.
• Estimated renovation cost to gain a class: Approximately €15,000 (indicative range based on current professional scales).
• Available aids: MaPrimeRénov' and CEE, with amounts that can go up to €7,000 depending on the work done.

The apartment is located in the 16th arrondissement of Paris, an area known for its tranquility and amenities.

• Transport: Close to the La Muette metro station (line 9) just a 5-minute walk away, providing quick access to central Paris.
• Amenities: Nearby shops, markets, schools, and green spaces (Bagatelle Park) just steps away.
• Demographics: The 16th arrondissement has a median household income of approximately €40,000 (source: INSEE, consulted in October 2023).
• Quality of Life: Quiet neighborhood, low pollution, many green spaces, ideal for families.

The property is located in an area where natural risks are low, but a few points of caution should be considered:

• Flood Risks: Non-floodable area according to Géorisques data.
• Regulation: The PLU of the 16th arrondissement imposes strict construction standards, particularly regarding aesthetics and building height.
• Mandatory Diagnostics: Energy performance certificate, lead, asbestos, electricity, and gas must be provided by the seller.
• Rent Control: If the property is intended for rental, it is subject to the rent control regulations in force in the city of Paris, with ceilings to be respected.

This apartment is positioned in the market as follows:

• Comparative Price: Compared to other T2 apartments in the 16th arrondissement, the price per m² is below the market median, which may represent a buying opportunity.
• Overvaluation Factors: The presence of an elevator and a cellar, as well as the recent renovation, add value to the property.
• Negotiation Margin: Estimated negotiation margin of 5% to 10% on the listed price, depending on buyer interest and time on the market.