T1 Apartment 18.53 m² for sale Paris 20 - €160,500, DPE E

The price of the apartment is €160,500 for a surface area of 18.53 m², which gives a price per m² of €8,655.49 (calculated from the displayed price and declared characteristics). According to data from the DVF (Demand for Property Value), the median price per m² in the 20th arrondissement of Paris is about €7,800 (source: DVF, consulted in October 2023). The apartment is therefore above the market median, which can be justified by its location near Place de la Réunion and Nation, as well as its characteristics (southeast exposure, independent kitchen). Over the last 12 months, the real estate market in the 20th arrondissement has seen a 5% increase in prices, indicating an upward trend (source: Notaires de France, consulted in September 2023).

For a purchase at €160,500, notary fees are estimated between 7% and 8% for an old property, or about €11,235 to €12,840 (indicative range based on current professional scales). The total acquisition cost would therefore be approximately €171,735 to €173,340.

For a mortgage of €160,500 over 20 years at the current average rate of 3.4%, with a contribution of 10% (i.e., €16,050), the monthly payment would be about €883 (calculated from the rate and duration). The total cost of the loan would be approximately €211,920 over 20 years, including interest.

If the apartment is rented, with an average rent in the area of €850 per month, the gross rental yield would be 6.34% (calculated from the annual rent divided by the purchase price). The net yield, taking into account charges and property tax, could be estimated at around 5.5%.

The apartment has a DPE class of E, with an energy consumption of 335 kWh/m²/year. The annual energy cost is estimated between €670 and €950 (estimate based on average public data in the sector). According to the Climate and Resilience law, apartments classified F or G can no longer be rented from 2025, which is not the case here. To improve the DPE class to D, energy renovation work may be necessary, estimated between €10,000 and €15,000 (indicative range based on current professional scales). Aid such as MaPrimeRénov' could be mobilized for this work.

The apartment is located in the 20th arrondissement of Paris, near Place de la Réunion and the Nation metro station, which serves several lines (1, 2, 6, and RER A). The frequency of the metros is about 2 to 5 minutes during peak hours. The neighborhood is also well served by buses and local shops. The neighborhood's demographics show a median income of about €22,000 per year (source: INSEE, consulted in 2023). The living environment is pleasant, with green spaces like Belleville Park nearby. However, the neighborhood can be lively, which could be a point of concern for some buyers.

The neighborhood is classified as a low seismic zone (source: Géorisques, consulted in 2023). No rental prohibition is reported for this property. In terms of PLU, the apartment is located in a residential area, allowing for minor modifications. Mandatory diagnostics must be provided by the seller, including the DPE, asbestos, and lead. The buyer's rights include a withdrawal period of 10 days after signing the sales agreement, in accordance with current regulations (Consumer Code, article L271-1).

The apartment is positioned above the market median, with a price per m² of €8,655.49, compared to the median of €7,800 in the 20th arrondissement. Advantages include its brightness, functional layout, and proximity to transport. However, the DPE E could be a disadvantage for some buyers concerned about energy performance. The negotiation margin could be limited, estimated at 3-5% due to high demand in the area.