3-room apartment 67.41 m² in Paris 19 - €633,000, DPE not provided

The listed price for this apartment is €633,000 for an area of 67.41 m², which translates to a price per m² of €9,394.88 (calculated from the listed price and declared characteristics). According to DVF (Demand for Property Value) data, the median price per m² in the 19th arrondissement of Paris is approximately €6,500 (source: DVF DGFiP, consulted in 2023). Thus, this apartment is positioned above the market median by 44.5%.

Over the last 12 months, prices in the 19th arrondissement have experienced an increase of about 5% (source: Notaires de France, report 2023). This upward trend is supported by increased demand in sought-after neighborhoods like Village Jourdain, where quality of life and access to transportation are key factors.

In summary, this apartment is priced above the median, which can be justified by its location and characteristics.

For a purchase of €633,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €44,310 to €50,640 (estimate based on current professional scales). The total acquisition cost would therefore be between €677,310 and €683,640.

Regarding financing, with a contribution of 10% (€63,300), the amount borrowed would be €569,700. At an average interest rate of 3.4% over 20 years, the monthly payments would be around €3,200 (calculation based on a mortgage simulator). The total cost of credit over 20 years would be approximately €1,287,000 (interest included).

For a rental investment, if the apartment is rented at a monthly rent of €2,000 (estimate based on local rents), the gross rental yield would be 3.8% (calculated on the purchase price). After deducting charges and property tax, the net yield could drop to around 3%.

In summary, the total acquisition cost is significant, and it is essential to consider additional fees and the potential for rental profitability.

The Energy Performance Diagnosis (DPE) is not mentioned in the source sheet. However, for an apartment of this size and era, one can estimate an energy performance class between C and D, with an estimated annual energy consumption of about 150 kWh/m² (estimate based on the general characteristics of similar apartments in the area).

The annual energy cost could therefore be around €1,000 to €1,200 (calculation based on an average electricity rate of €0.15/kWh). In the event of renovations to improve energy performance, costs could range from €10,000 to €20,000 (indicative range based on current professional scales).

Aid such as MaPrimeRénov' could be mobilized to reduce the cost of work, with amounts of up to €7,000 depending on household income and the type of work carried out.

The Village Jourdain is a sought-after neighborhood in the 19th arrondissement, offering a pleasant living environment with numerous local shops, cafés, and restaurants. The nearest metro station is line 11, about a 5-minute walk away, facilitating access to the center of Paris.

The Buttes-Chaumont park, located nearby, is a major asset for residents, providing green spaces and outdoor activities. In terms of demographics, the 19th arrondissement has a young and dynamic population, with a median income of around €22,000 per year (source: INSEE, 2021).

The quality of life is also enhanced by the presence of schools and healthcare facilities nearby. Urban projects are underway to further improve the accessibility and infrastructure of the neighborhood.

It is important to check the mandatory diagnostics, including the energy performance diagnosis (DPE), lead, and asbestos, which must be provided by the seller. Furthermore, the neighborhood is subject to flooding risks, although the area is considered relatively safe (source: Géorisques).

The Local Urban Planning Plan (PLU) should also be consulted to ensure that no restrictions apply to the property. Regarding rent regulation, the 19th arrondissement is subject to rent control, with a reference rent set at €18.50/m² (source: Prefecture of Paris, 2023).

Finally, it is advisable to inquire about the co-ownership, particularly regarding charges and planned works, to avoid financial surprises.