T3 Apartment 70 m² for Sale Paris 14 Plaisance - €649,000

The listed price for this apartment is €649,000 for an area of 70 m², which corresponds to a price per m² of €9,271.

Comparison with the market:

• Median price per m² in the 14th arrondissement: According to DVF (Données de Valeur Foncière) data from 2022, the median price per m² for apartments in the 14th arrondissement is around €8,500.
• Difference from the median: The price per m² of this apartment is 9% higher than the market median.
• Price trend: Over the last 12 months, prices in the 14th arrondissement have increased by about 3%.

Property positioning:

This apartment is located in the Plaisance neighborhood, which is considered a sought-after area for its proximity to public transport and amenities.

Conclusion:

The price of this apartment is in the upper range of the market, justified by its features (recent renovation, loggia, elevator).

For a purchase at €649,000, here are the estimates of associated fees:

Notary Fees:

• Estimate of notary fees: Approximately 7%, or €45,430.

Loan Simulation:

• Loan amount: €649,000 - 10% down payment (€64,900) = €584,100.
• Current average interest rate: 3.4% over 20 years.
• Estimated monthly payment: Using a loan calculator, the monthly payment would be around €3,300.

Rental Yield:

• Estimated rent: Based on rents in the area, a T3 of this size could rent for around €2,200 per month.
• Gross rental yield: (2,200 € * 12) / 649,000 € = 4.06%.

Annual Holding Cost:

• Estimated annual charges: Approximately €2,000 (co-ownership charges, insurance, maintenance).
• Property tax: Estimate based on sector averages, around €1,200.

DPE (Energy Performance Diagnosis):

• DPE Class: C (124 kWh/m²/year)
• GES Class: C (17 kg CO2/m²/year)

Annual Energy Cost:

• Estimated energy cost: Between €760 and €1,070 per year, depending on usage.

Rental Bans:

• According to the Climate & Resilience law, homes classified F or G can no longer be rented. This apartment, classified C, is therefore compliant.

Renovation Cost:

• To improve the DPE class to B, renovations may cost between €10,000 and €20,000, depending on the extent of necessary renovations.

Available Aid:

• MaPrimeRénov': Aid up to €7,000 depending on income and type of work.
• Éco-PTZ: Zero-interest loan to finance energy renovation work.

Transport:

• Metro: The nearest metro station is Plaisance, about 5 minutes on foot (line 13).
• Bus: Several bus lines serve the neighborhood, with high frequency.

Amenities:

• Amenities: The neighborhood has many shops, restaurants, and local services.
• Schools: Several educational institutions are present, with generally satisfactory results.

Demographics:

• Median income: About €30,000 per year for residents of the 14th arrondissement.
• Composition: Family neighborhood with a mixed population, including young professionals and families.

Quality of Life:

• Green spaces: Proximity to several parks, such as Georges-Brassens Park.
• Atmosphere: Quiet neighborhood, appreciated for its friendly and family-oriented atmosphere.

Natural Risks:

• Flooding: The neighborhood is not classified as a flood zone according to Géorisques data.
• Seismicity: The seismic risk is low in this area.

PLU and Zoning:

• Local Urban Plan: Check the current urban planning rules for any potential construction or renovation projects.

Mandatory Diagnostics:

• Diagnostics to provide: DPE, lead, asbestos, electricity, gas, and state of natural risks.

Rent Control:

• Rent ceilings: Check the applicable rent ceilings if the apartment is intended for rental.

Buyer Rights:

• Legal withdrawal period: 10 days after signing the sales agreement.