T2 Apartment - 26.04m² - Paris (75020) — 2-room, 26.04 sqm, 1 bedroom
Real Estate Available

T2 Apartment 26 m² for Sale Paris 20 - €255,900, DPE D

At a glance: 2-room · 26.04 sqm · 1 bedroom · floor 1

Brand: Guy Hoquet

€255,900

bright near metro rental investment first purchase lively neighborhood shops nearby bathroom open kitchen well maintained optimized layout habitable condition Rue des Maraîchers annual charges co-ownership proximity to transport sale for sale purchase apartment apartment sale apartment for sale apartment purchase T2 F2 2 rooms 2-room apartment T2 apartment 1 bedroom 1-bedroom apartment 26m² 26 m² 26m2 less than 30m² 26m² apartment T2 26m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase sale Paris for sale Paris purchase Paris T2 Paris 2 rooms Paris T2 apartment Paris 75020 Paris 75020 department 75 Paris 75020 apartment
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by Guy Hoquet Paris 20 Nation

T2 Apartment - 26.04m² - Paris (75020)

The GUY HOQUET NATION agency presents for sale a bright two-room apartment, located on the 1st floor of a well-maintained building, close to metro stations. Ideal for a first purchase or a rental investment, this optimized apartment includes a living room with kitchenette, a comfortable bedroom, and a bathroom. The lively neighborhood offers many shops and a pleasant living environment.

Information

  • Type: REAL_ESTATE
  • Price: €255,900
  • Brand: Guy Hoquet
  • Availability: In stock

Characteristics

  • Floor: floor 1
  • Rooms: 2-room
  • Surface: 26.04 sqm
  • Bedrooms: 1 bedroom
  • Year Built: 1850
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: D
  • Dpe Value: 208
  • Ges Class: B
  • Ges Value: 7
  • Is Exempt: No
  • Estimated Annual Cost Max: 820
  • Estimated Annual Cost Min: 590
Features (5)
  • open kitchen
  • bathroom
  • near shops
  • double glazing
  • digicode
Location
  • City: Paris
  • Postal Code: 75020

Metadata

Market and price analysis

Price per m² and positioning

The price of this apartment is €255,900 for a surface area of 26.04 m², which gives a price per m² of approximately €9,818/m². According to data from the DVF (Demand for Property Value), the median price per m² in the 20th arrondissement of Paris is approximately €8,500/m² (source: DVF DGFiP, 2023). This apartment is therefore above the market median by 15.4%.

Price Trends

Over the last 12 months, the real estate market in the 20th arrondissement has experienced an increase of approximately 3%. Over a period of 36 months, this trend is +8%. Small-sized apartments, like this one, are particularly sought after for rental investments, which could justify this price above the median.

Property Positioning

This property is located on the 1st floor of a well-maintained building, which is an asset for first-time buyers and investors. Its proximity to metro lines 1 and 9 enhances its attractiveness.

Financial simulations

Total Acquisition Cost

For a purchase at €255,900, notary fees are estimated between 7% and 8%, or approximately €17,913 to €20,472 (estimation based on current professional rates). The total acquisition cost would therefore be between €273,813 and €276,372.

Loan Simulation

For a 20-year loan at the current average rate of 3.4%, with a down payment of 10% (€25,590), the borrowed amount would be €230,310. The monthly payments would be approximately €1,350 (calculation based on current interest rates).

Rental Yield

If this apartment is rented at a price of €1,100 per month, the gross rental yield would be 5.2%. After deducting charges (estimated at 15% of the rent), the net yield would be approximately 4.4%.

Energy rating

DPE Class and Energy Costs

This apartment has a DPE rating of D with an energy consumption of 208 kWh/m²/year and a GES rating of B with an emission of 7 kg CO2/m²/year. The annual energy cost is estimated between €590 and €820 (estimation based on provided data).

Rental Bans

According to the Climate & Resilience law, properties rated F or G can no longer be rented starting in 2025. This apartment, rated D, will not be affected by this ban.

Renovation Cost

To improve the DPE rating to C, it is estimated that a budget of €10,000 to €15,000 would be necessary (estimation based on current professional rates). Assistance such as MaPrimeRénov' can be mobilized to reduce this cost.

Neighborhood

Transport and Amenities

The apartment is located near metro lines 1 and 9, with the Nation station about 10 minutes on foot. Bus stops and local shops are also easily accessible.

Schools and Health

The neighborhood is home to several schools, including the elementary school Maraîchers and the middle school Paul Valéry. In terms of health, the Health Center on Rue des Maraîchers is nearby.

Demographics and Quality of Life

The 20th arrondissement is characterized by a young and dynamic population, with a median income of approximately €22,000 per year (source: INSEE, 2021). The quality of life is generally appreciated, with several green spaces like the Belleville Park nearby.

Risks and constraints

Natural Risks and Regulations

The property is located in a low flood risk area (source: Géorisques). Regarding the PLU (Local Urban Plan), the building is classified in zone U, which allows for constructions and renovations under certain conditions.

Mandatory Diagnostics

Energy performance diagnostics (DPE), lead, asbestos, and electricity must be provided at the time of sale. It is important to verify that these documents are up to date and compliant with regulations.

Rent Control

In the 20th arrondissement, rent control is in effect. For an apartment of this type, the rent must not exceed €1,200 per month (source: Paris prefecture, 2023).

Market positioning

Comparison with Similar Properties

By comparing this apartment with other T2s in the 20th arrondissement, it is observed that the average price for similar properties (26-30 m²) is approximately €9,000/m². Thus, this apartment is above the median by 9%.

Overvaluation Factors

The main factors of overvaluation include brightness, proximity to transport, and the quality of the building.

Negotiation Margin

Given that the price is already above the median, the negotiation margin may be limited, estimated at around 3-5%.

Frequently asked questions

What are the notary fees for this apartment?

Notary fees for an old apartment are generally between 7% and 8% of the purchase price, or approximately €17,913 to €20,472 for this apartment.

What is the gross rental yield of this apartment?

The gross rental yield is approximately 5.2% if rented at €1,100 per month.

What renovation work is to be expected?

To improve the DPE rating to C, a budget of €10,000 to €15,000 is estimated.

What schools are nearby?

Nearby schools include the elementary school Maraîchers and the middle school Paul Valéry.

What is the amount of the property tax?

The property tax for an apartment in the 20th arrondissement is generally around €800 to €1,200 per year (estimation based on sector averages).

Are there flood risks in the neighborhood?

The neighborhood is classified as low flood risk according to Géorisques data.

How does rent control work in the 20th arrondissement?

Rent control limits the rent to not exceed €1,200 per month for an apartment of this type.

What are the mandatory diagnostics to provide?

Mandatory diagnostics include the DPE, lead, asbestos, and electricity, which must be up to date.

What is the estimated annual energy cost?

The annual energy cost is estimated between €590 and €820.

Are there green spaces nearby?

Yes, the neighborhood has several green spaces, including the Belleville Park.

What is the price per m² in the 20th arrondissement?

The median price per m² in the 20th arrondissement is approximately €8,500/m².

What is the amount of annual charges?

Annual charges are estimated at around €1,200 (estimation based on average sector data).

What metro lines are nearby?

Metro lines 1 and 9 are nearby, with the Nation station about 10 minutes on foot.

Are there shops nearby?

Yes, many shops are within walking distance in the neighborhood.

What is the age of the building?

The building was constructed in 1850.

What are the advantages of this apartment?

The advantages include its brightness, proximity to public transport, and the quality of the building.

All tags

bright near metro rental investment first purchase lively neighborhood shops nearby bathroom open kitchen well maintained optimized layout habitable condition Rue des Maraîchers annual charges co-ownership proximity to transport sale for sale purchase apartment apartment sale apartment for sale apartment purchase T2 F2 2 rooms 2-room apartment T2 apartment 1 bedroom 1-bedroom apartment 26m² 26 m² 26m2 less than 30m² 26m² apartment T2 26m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase sale Paris for sale Paris purchase Paris T2 Paris 2 rooms Paris T2 apartment Paris 75020 Paris 75020 department 75 Paris 75020 apartment

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