1-room apartment 18.78 m² in Paris 14 - €110,000

The listed price of the apartment is €110,000 for an area of 18.78 m², which gives a price per m² of €5,851.73 (calculated from the listed price and declared characteristics). According to data from the DVF (Database of Real Estate Values), the median price per m² in the 14th arrondissement of Paris is around €10,000 (source: DVF DGFiP, consulted in 2023). This property is therefore below the market median, which may indicate an interesting investment potential, especially for an investor looking to renovate a property. Over the last 12 months, the Paris real estate market has experienced an upward trend, with an increase of about 3.5% in prices per m² (source: Notaires de Paris, 2023).

For a purchase price of €110,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €7,700 to €8,800 (estimate based on current professional scales). The total acquisition cost would therefore be between €117,700 and €118,800.

For a mortgage at an average current rate of 3.4% over 20 years with a down payment of 10% (€11,000), the amount borrowed would be €99,000. The monthly payments would be approximately €577 (calculation based on current interest rates and standard loan conditions).

If this apartment is rented, the monthly rent could be estimated at around €600 (estimate based on average rents in the area). This would give a gross rental yield of 6.55% (calculated based on the purchase price). After deducting charges and property tax, the net yield could be 5% (estimate based on average public sector data).

The Energy Performance Diagnosis (EPD) is not specified in the description, but given that the property is to be renovated, it is likely to be rated D or lower. Annual energy costs could therefore be estimated between €800 and €1,200 (estimate based on average public sector data). According to the Climate and Resilience Law, properties rated F or G can no longer be rented from 2025. Renovation work may be necessary to improve the energy rating, with an estimated cost between €10,000 and €20,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized to reduce the cost of the work.

The apartment is located in the Plaisance-Pernety neighborhood, which has good access to public transportation. The nearest metro station is line 13 (Plaisance station), about a 5-minute walk away. Several bus lines also serve the area. In terms of shops, the neighborhood offers a variety of bakeries, supermarkets, and restaurants, contributing to a pleasant quality of life. The median household income in the 14th arrondissement is about €30,000 (source: INSEE, 2021), indicating a relatively stable purchasing power.

The Plaisance-Pernety neighborhood is classified as a low seismicity zone according to Géorisques data. However, it is important to check for flood risks, particularly due to the proximity of the Seine. The PLU (Local Urban Planning) must also be consulted to know the construction and development rules. Regarding rentals, it is crucial to inquire about rent control, which may apply in the 14th arrondissement. Mandatory diagnostics must be provided during the sale, including the DPE, the state of risks and pollution, and asbestos if the building was constructed before 1997.

Compared to other one-bedroom apartments in the 14th arrondissement, this property is below the median price, which is around €10,000 per m². The advantages of this apartment include its low entry price and renovation potential, which may appeal to investors. On the other hand, the disadvantages include the need for significant work and the fact that it is located in the basement, which may affect brightness and ventilation. The negotiation margin could be estimated at 5-10% due to the condition of the property (estimate based on market trends).