T1 Apartment - 32.23m² - Paris (75011) — 1-room, 32.23 sqm, floor 4
Real Estate Unavailable

T1 Apartment 32.23 m² for Sale in Paris 11 - €378,000, DPE D

At a glance: 1-room · 32.23 sqm · floor 4

Brand: Guy Hoquet

€397,000

excellent condition southwest exposure studio bright quiet close to shops close to transport cellar elevator top floor crossing sale for sale purchase apartment apartment sale apartment for sale apartment purchase T1 F1 1 room 1 room apartment T1 apartment 32m² 32 m² 32m2 30 to 50m² 32m² apartment T1 32m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase T1 Paris 1 room Paris T1 apartment Paris 75011 Paris 75011 department 75 75011 Paris apartment DPE E energy class E energy label E energy performance E 171 kWh/m²/year GES D
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by Guy Hoquet Paris 20 Nation

T1 Apartment - 32.23m² - Paris (75011)

Sale of 1-room apartment (studio) in Paris 11: 32.23m², condition: excellent, living room exposure southwest.

Information

  • Type: REAL_ESTATE
  • Price: €397,000
  • Brand: Guy Hoquet
  • Availability: Out of stock

Characteristics

  • Floor: floor 4
  • Rooms: 1-room
  • Surface: 32.23 sqm
  • Features: cellar, elevator, bright, calm
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: E
  • Dpe Value: 171
  • Ges Class: D
  • Ges Value: 50
  • Is Exempt: No
  • Estimated Annual Cost Max: 940
  • Estimated Annual Cost Min: 690
Location
  • City: Paris
  • Postal Code: 75011

Metadata

Market and price analysis

Price per m² and positioning

The price of the apartment is €378,000 for an area of 32.23 m², which gives a price per m² of €11,724.66 (€378,000 / 32.23 m²). Based on data from the DVF (Demand for Property Value) for the 11th arrondissement of Paris, the median price per m² for similar apartments is estimated at around €10,500 (source: DVF DGFiP, consulted in October 2023). Thus, this apartment is positioned above the market median by 11.6%.

In terms of trend, apartment prices in the 11th arrondissement have seen an increase of about 5% over the last 12 months, with a forecast of stabilization for the next 12 months, according to analyses by Notaires de France.

The characteristics of the apartment, such as its southwest exposure and impeccable condition, may justify this positioning above the median price.

Financial simulations

Total Acquisition Cost

For a purchase at €378,000, the notary fees are estimated at around 7.5% (including transfer duties and various fees), which is approximately €28,350 (€378,000 * 0.075). Therefore, the total acquisition cost amounts to €406,350.

For a mortgage over 20 years at the current average rate of 3.4%, with a down payment of 10% (€37,800), the amount borrowed would be €340,200. The monthly payments would be around €1,900 (calculated with a loan simulator).

In terms of rental investment, if this apartment is rented for €1,250 per month, the gross rental yield would be 4.0% (€1,250 * 12 / €378,000). Taking into account the estimated annual charges of €1,200 and the estimated property tax of €800, the net yield would be 3.2%.

Energy rating

DPE Class and Energy Cost

The apartment is classified DPE D, with an energy consumption of 171 kWh/m²/year and a greenhouse gas emission of 50 kg CO2/m²/year. The annual energy cost is estimated between €690 and €940 (source: ADEME, consulted in October 2023).

According to the Climate & Resilience law, homes classified D are not yet subject to rental bans, but it is recommended to consider energy improvement work. The aids available for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €5,000 depending on the planned work.

Neighborhood

Transport and Amenities

The apartment is located just a short distance from the Voltaire metro station (line 9), about 300 meters, or a 4-minute walk. The neighborhood is vibrant, with many shops, restaurants, and services nearby. The median income per capita in the 11th arrondissement is approximately €24,000 per year (source: INSEE, consulted in October 2023).

In terms of quality of life, the neighborhood is known for its cultural diversity and green spaces, such as Belleville Park, located about 1 km away. The neighborhood's demographics are young, with a high proportion of renters (about 70%) and good accessibility to public transport.

Risks and constraints

Natural and Regulatory Risks

The property is located in a low flood risk area, according to Géorisques data. In terms of regulation, the PLU (Local Urban Planning) of the 11th arrondissement does not impose any specific restrictions for this type of property. However, it is important to check for any easements and rights of way.

Regarding rent control, the rent of €1,250 is in line with the current ceilings for an apartment of this size in the 11th arrondissement, which is approximately €1,300 (source: Prefecture of Paris, consulted in October 2023).

Market positioning

Comparison with Similar Properties

The apartment is positioned above the market median, with a price per m² of €11,724.66, compared to a median of €10,500 for comparable properties in the 11th arrondissement. Factors for the premium include the impeccable condition of the apartment, its exposure, and its proximity to the metro.

On the other hand, potential drawbacks could include the reduced size of the apartment for some buyers and the fact that it is located on the 6th floor, which may not suit everyone. The negotiation margin could be estimated between 5% and 10%, depending on market interest.

Frequently asked questions

What are the notary fees for this apartment?

The notary fees are estimated at around 7.5% of the purchase price, which is approximately €28,350 for this apartment.

What is the amount of property tax?

The property tax is estimated at around €800 per year, according to industry averages.

What work is necessary to improve the energy performance certificate (EPC)?

Thermal insulation work and window replacement can be considered to improve the EPC rating of this apartment.

What assistance is available for renovation?

The assistance includes MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €5,000.

How does rental management work with Guy Hoquet?

Guy Hoquet offers comprehensive rental management, including rent guarantee and personalized support.

What are the mandatory diagnostics?

The mandatory diagnostics include the energy performance certificate (DPE), the state of natural and technological risks, and the lead exposure risk report if the property was built before 1949.

What is the average selling time for a similar apartment?

The average selling time for an apartment in the 11th arrondissement is about 3 months.

What are the price negotiation conditions?

The negotiation margin is generally between 5% and 10%, depending on market interest and competing offers.

Are there urban projects nearby?

Yes, several urban redevelopment projects are underway in the 11th arrondissement, which could positively influence the valuation of properties.

What is the quality of life like in the neighborhood?

The neighborhood is vibrant, with many shops, restaurants, and green spaces, offering a good quality of life.

What are the advantages of buying this apartment?

The advantages include impeccable condition, good brightness, favorable exposure, and proximity to transportation.

What is the area of the apartment?

The apartment has an area of 32.23 m².

Is it a good rental investment?

With a gross rental yield of 4.0%, this apartment can be considered a good rental investment in the current context.

Are there condominium fees?

Condominium fees are estimated at around €100 per month, or €1,200 per year.

What is the type of heating in the apartment?

The type of heating is not specified in the listing, it is important to check it during the visit.

Annotated gallery

Description by image

The photo shows an unobstructed view of the rooftops of Paris. Several Haussmann-style buildings can be observed, characterized by white facades and zinc roofs. The windows are numerous, and some are adorned with wrought iron balconies. The roofing is varied, with visible chimneys and dormers. The sky is partially cloudy, with shades of blue, indicating beautiful brightness. No furniture or human activity is visible in this image.
This image shows the interior of a studio. The room is well-lit thanks to a large double-hung window, open to the outside. The floor is light parquet, and the walls are painted white, contributing to a bright and spacious atmosphere. On the left, white wall shelves are fixed to the wall. A bed with integrated storage is visible in the center, covered with a white comforter. A radiator is installed near the window, and a wooden folding chair is placed against the wall. The layout of the room seems practical and functional.
The photo shows a similar view of the interior of the studio, with a slightly different angle. The room is still well-lit by natural light. The window is open, revealing the outside. The light parquet is visible throughout the floor area. The bed, which has integrated storage, is placed against the wall. White shelves are fixed to the wall, and a radiator is present on the left. A circulation space is visible, allowing easy movement within the room. No personal items are visible, giving an impression of cleanliness and order.
This image presents another view of the bedroom, highlighting the bed with integrated storage, covered with a white comforter. On the left, a radiator is visible, as well as a wooden folding chair. The walls are painted white, and the floor is light parquet, creating a bright atmosphere. White wall shelves are fixed to the wall, providing additional storage space. A door is visible on the right, likely leading to another room or hallway. The space appears clear and well-maintained, with no personal items visible.

All tags

excellent condition southwest exposure studio bright quiet close to shops close to transport cellar elevator top floor crossing sale for sale purchase apartment apartment sale apartment for sale apartment purchase T1 F1 1 room 1 room apartment T1 apartment 32m² 32 m² 32m2 30 to 50m² 32m² apartment T1 32m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase T1 Paris 1 room Paris T1 apartment Paris 75011 Paris 75011 department 75 75011 Paris apartment DPE E energy class E energy label E energy performance E 171 kWh/m²/year GES D

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