T2 Apartment 42.32 m² for sale Paris 14 - €320,000, DPE E

The price per m² of this apartment is €7,554 (calculated from the displayed price of €320,000 divided by the area of 42.32 m²). This price is higher than the market median in the 14th arrondissement, which is around €6,500 to €7,000 per m² according to DVF (Données de Valeur Foncière) data from 2022. Over the last 12 months, prices in the Plaisance-Pernety neighborhood have increased by about 3%, indicating an upward trend. Renovation apartments, like this one, can benefit from a capital gain after renovations, but it is essential to properly assess the cost of necessary renovations.

For a purchase at €320,000, notary fees are estimated between €22,400 and €25,600 (about 7-8% for an old property). Adding these fees, the total acquisition cost would therefore be €342,400 to €345,600.

For a mortgage of €288,000 (10% down payment), with an average interest rate of 3.4% over 20 years, the monthly payment would be about €1,600, resulting in a total repayment cost of €384,000 over the loan term.

In terms of rental yield, if this apartment is rented for €1,200 per month, the gross yield would be 4.5% (calculated on the purchase price), and the net yield, after deducting charges and property tax, could drop to about 3.5%.

The apartment is classified as E with an energy consumption index of 377 kWh/m²/year. This implies an estimated annual energy cost of about €1,200 (calculated based on an average electricity and gas rate). According to the Climate & Resilience law, properties classified as F or G will no longer be able to be rented starting in 2025. Aid such as MaPrimeRénov' can be mobilized to improve energy performance, with amounts up to €20,000 depending on the work done.

The apartment is located in the Père Corentin neighborhood, close to several metro lines (line 6 within a 5-minute walk) and buses, facilitating access to the center of Paris. The neighborhood offers a variety of shops, restaurants, and schools, with a median income of about €2,500 per month for households. The quality of life is generally considered good, with green spaces nearby such as Georges-Brassens Park. Urban planning projects are underway to further improve accessibility and local infrastructure.

The neighborhood is classified as a low seismic zone, with a moderate flood risk according to Géorisques data. The PLU (Local Urban Plan) imposes certain renovation constraints, particularly regarding the facades of old buildings. Mandatory diagnostics (lead, asbestos, termites) must be carried out before the sale. In case of rental, rent control may apply, with a reference rent set at €1,150 for this type of property.

This apartment is positioned above the market median for similar properties in the 14th arrondissement. T2 apartments in the neighborhood generally sell between €280,000 and €320,000, with an average price of €300,000. The advantages of this apartment include its renovation potential and quiet location, while the disadvantages lie in the need for complete renovation work. A negotiation margin of 5 to 10% is feasible, especially if significant work is anticipated.