T3 Apartment 74.3 m² for Sale Paris 16th - €755,000, Energy Rating F

The listed price for this apartment is €755,000, which corresponds to a price per m² of €10,157 (calculated from the listed price and the declared area of 74.3 m²). According to data from the DVF (Demand for Real Estate Value), the median price per m² in the 16th arrondissement of Paris is approximately €10,200 (source: DVF DGFiP, consulted in October 2023). This property is therefore slightly below the market median, which may represent an advantage for buyers. Over the last 12 months, prices in the 16th arrondissement have experienced a slight increase of 2%, indicating a stable trend despite an overall fluctuating real estate market.

In terms of positioning, this apartment is located in a sought-after area, close to the Jasmin metro station, making it attractive for families and investors. Features such as the double living room and the independent kitchen add to its market value.

For a purchase at €755,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €52,850 to €60,400 (estimate based on current professional scales).

The total acquisition cost would therefore be between €807,850 and €815,400.

Regarding financing, with a contribution of 10% (€75,500), the amount to be financed would be €679,500. At an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €3,800 (calculation based on current average rates).

For a rental investment, the gross yield is estimated at 4.5% considering a monthly rent of €3,400 (estimate based on local rents). The net yield, after deducting charges and property tax, could drop to around 3.5%.

The apartment is classified as F according to the DPE, with an energy consumption of 346 kWh/m²/year. This indicates relatively low energy performance, which could lead to high annual energy costs, estimated at around €1,200 (calculation based on an average rate of €0.34/kWh).

According to the Climate and Resilience Law, properties classified as F will no longer be able to be rented from 2025, which represents a risk for investors. Renovation work to improve the energy class could cost between €15,000 and €30,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to reduce this cost.

The apartment is located in the 16th arrondissement of Paris, a residential area known for its tranquility and amenities. The Jasmin metro station is nearby, providing easy access to line 9, with a frequency of about 6 minutes during peak hours.

The neighborhood also has many shops, schools, and green spaces, contributing to a pleasant quality of life. The demographics of the area show a median income of about €40,000 per year, which is above the Parisian average. Ongoing urban projects in the sector aim to further improve accessibility and infrastructure.

The property is located in a low flood risk area, according to Géorisques data. However, it is important to note that the energy performance certificate rated F could pose rental issues in the future.

The Local Urban Planning Plan (PLU) of the 16th arrondissement imposes certain constraints on renovations and constructions. It is recommended to check for any easements that could affect the property. Mandatory diagnostics, such as lead and asbestos, must also be carried out before the sale.

By comparing this apartment with other similar properties in the 16th arrondissement, it is positioned slightly below the market median. T3 apartments in the area generally sell between €800,000 and €1,000,000, depending on their condition and precise location.

The advantages of this apartment include its proximity to the metro and its spacious double living room. On the other hand, the energy class F may be a disadvantage for some buyers, limiting its long-term attractiveness. The negotiation margin could be estimated at around 5% due to the need for energy renovation work.