T5 Apartment 121m² for Sale in Paris 16th - €2,490,000, DPE D

The listed price for this apartment is €2,490,000, which translates to a price per m² of €20,577 (calculated from the listed price and declared characteristics).

In the Parisian market, the average price per m² for an apartment in the 16th arrondissement is around €10,000 to €15,000 according to data from the DVF (Données de Valeur Foncière) for 2022. This property is therefore positioned above the market median, which can be justified by its location, high-end features, and the presence of a terrace.

The price trend in the 16th arrondissement has shown an increase of about 5% per year over the last 3 years, according to statistics from INSEE and notaries in Paris. This indicates a dynamic real estate market, although the rise in interest rates could slow this trend in the short term.

For a purchase price of €2,490,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €174,300 to €199,200 (indicative range based on current professional scales).

The total acquisition cost would therefore be around €2,664,300 to €2,689,200.

Regarding financing, with a down payment of 10%, or €249,000, and a loan over 20 years at the current average rate of 3.4%, the monthly payment would be approximately €11,500 (calculated based on the displayed price and declared characteristics).

In terms of rental yield, if this apartment were rented at a price of €8,000 per month, the gross yield would be 3.84% (calculated from the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could drop to around 3%.

The apartment has an Energy Performance Certificate rated D with an energy consumption of 227 kWh/m²/year and a greenhouse gas emission rated E with 53 kgCO2/m²/year.

The estimated annual energy cost for this apartment is around €1,200 (estimate based on average public sector data).

According to the Climate & Resilience law, properties rated D will have to comply with energy performance standards by 2028, which may require renovation work. Available aids to improve energy performance include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €2,000 to €10,000 depending on the work carried out.

The apartment is located near Place Victor Hugo, providing easy access to public transport, notably line 2 of the metro (Victor Hugo station) about 150 meters away.

The neighborhood is renowned for its quality of life, with many shops, restaurants, and prestigious schools. The median income in the 16th arrondissement is around €40,000 per year, indicating a rather affluent population.

In terms of quality of life, the neighborhood is quiet, with many green spaces, and a low crime rate, making it a sought-after place to live for families and professionals.

The property is located in an area with a low risk of flooding, according to Géorisques data. However, it is important to check for any easements and the Local Urban Planning Plan (PLU) that could affect renovation or extension projects.

Regarding regulations, the Energy Performance Certificate (DPE) must be taken into account for any real estate transaction, and mandatory diagnostics must be provided during the sale. Property owners must also be aware of new regulations concerning rents, particularly the capping of rents in certain Parisian sectors.