T3 Apartment 87 m² for Sale Paris 16th - €1,149,000, DPE D

The listed price for this apartment is €1,149,000, which translates to a price per m² of €13,190.80 (calculated from the listed price and the area of 87 m²). By comparison, the median price per m² in the 16th arrondissement of Paris is approximately €10,500 (source: Notaires de France, 2023). This places this apartment above the market median, which can be explained by its location, high-end features, and overall condition. Over the last 12 months, the real estate market in the 16th arrondissement has experienced a 5% increase in prices, according to DVF DGFiP data.

For a purchase of €1,149,000, notary fees are estimated at around 7% for an older property, which is approximately €80,430 (estimate based on current professional scales). The total acquisition cost would therefore be €1,229,430.

Considering a loan at an average current rate of 3.4% over 20 years with a down payment of 10% (€114,900), the amount borrowed would be €1,034,100. The monthly payments would be around €5,700 (calculated based on current interest rates).

The gross rental yield, if this apartment is rented, could be estimated at 4% (based on a monthly rent of €3,800), which amounts to a gross annual income of €45,600.

The annual charges amount to €5,488, and the property tax is estimated at around €1,500 (estimate based on industry averages). The total annual holding cost would therefore be approximately €6,988.

The apartment has a DPE class of D with a consumption of 170 kWh/m²/year. The estimated annual energy cost would be around €1,200 (calculated based on average electricity rates in France). According to the Climate & Resilience law, homes rated F or G will no longer be able to be rented starting in 2025, which does not apply to this apartment. To improve the DPE class to C, energy renovation work would be necessary, estimated between €10,000 and €20,000 (indicative range based on current professional scales). Aids such as MaPrimeRénov' could be mobilized for this work.

The apartment is located in the 16th arrondissement, a sought-after residential area of Paris. Nearby public transport includes line 9 of the metro (Michel-Ange - Auteuil station is a 5-minute walk) and several bus lines. The neighborhood also offers many shops, restaurants, and schools, making it a pleasant place to live. The demographics of the area are characterized by high median incomes, with a population predominantly made up of families and professionals. The quality of life is considered good, with green spaces like the Parc de Bagatelle nearby.

The property is located in a low flood risk area according to Géorisques data. The PLU (Local Urban Planning) of the 16th arrondissement imposes strict rules regarding renovations and constructions. Mandatory diagnostics must be provided during the sale, including asbestos and lead. Owners must also be aware of rent control, although this does not apply to this property due to its status as a primary residence. The legal deadlines for the sale are 3 months after the signing of the preliminary agreement.

This apartment is positioned above the market median, with a price per m² of €13,190.80, while the median in the 16th arrondissement is €10,500. The premium factors include its location on the top floor, its balcony, and its unique decor. On the other hand, the drawbacks could be the competition from other similar apartments at lower prices. The negotiation margin is estimated at 5% due to the high demand in this area.