T6 Apartment 142 m² for sale Paris 16th - €1,590,000, DPE E

The price of the apartment is €1,590,000, which corresponds to a price per m² of €11,225.35 (calculated from the displayed price and the area of 142 m²). For comparison, the median price per m² in the 16th arrondissement of Paris is around €10,500 (source: Notaires de Paris, 2023). Over the last 36 months, prices in this area have increased by about 5%, with a continuous upward trend, although the market has shown signs of stabilization recently. This property is therefore positioned above the market median, which can be justified by its location in the sought-after Passy neighborhood and its high-end features.

The total acquisition cost of the apartment includes notary fees, estimated between 7% and 8% for an old property. For a price of €1,590,000, this represents approximately €111,300 to €127,200 (estimate based on current professional scales). Adding these fees, the total acquisition cost would range between €1,701,300 and €1,717,200.

For a mortgage of €1,590,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€159,000), the monthly payments would be around €8,800 (calculated from current interest rates). The gross rental yield, based on an estimated monthly rent of €4,500 (estimate based on local rents), would be 3.4%. Taking into account charges and taxation, the net yield could drop to around 2.5%.

The apartment has a DPE rated E with an energy consumption of 234 kWh/m²/year and a GES rated E with 51 kgCO2/m²/year. The estimated annual energy cost for an apartment of this size and energy class is around €1,200 (estimate based on average public data in the sector). According to the Climate & Resilience law, apartments rated F or G will no longer be able to be rented from 2025, but those rated E are not yet affected. To improve the energy class, renovation work may be necessary, with an estimated cost between €20,000 and €40,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to reduce these costs.

The apartment is located in the Passy neighborhood, known for its calm and residential atmosphere. The area is well served by public transport, with the Passy metro station (line 6) about a 5-minute walk away, providing quick access to central Paris. Several bus lines are also available nearby. In terms of amenities, the neighborhood has many shops, restaurants, and quality schools, making it a pleasant place to live. The neighborhood's demographics are characterized by high median incomes, with a population mainly composed of families and professionals. The quality of life is generally considered very good, with green spaces nearby, such as the Muette park.

The Passy neighborhood is classified in a low seismic risk zone (zone 1), with little risk of flooding according to Géorisques data. However, it is important to check for any easements and the PLU (Local Urban Plan) that could affect renovation or extension projects. Regarding rent regulation, it is important to note that the 16th arrondissement is subject to rent control, with a reference rent set at around €25/m² for 2023 (source: Paris Agglomeration Rent Observatory). Mandatory diagnostics must also be provided during the sale, including the DPE, lead, and asbestos if applicable.