T2 Apartment 57 m² for Sale Paris 20 - €680,000, DPE D

The listed price for this apartment is €680,000, which corresponds to a price per m² of €11,929 (calculated from the listed price and declared characteristics). Based on data from the DVF (Land Value Database), the median price of apartments in the 20th arrondissement of Paris is approximately €10,500 per m². Thus, this apartment is above the market median by 13.6%.

In terms of trend, apartment prices in the 20th arrondissement have seen an increase of about 5% over the last 12 months, with a forecast of stabilization in the coming months due to rising interest rates and housing regulations.

Property Positioning: This apartment stands out for its terrace of 28.57 m², a rare asset in the area, and its very good overall condition, which may justify the price above the median.

For a purchase at €680,000, notary fees are estimated between 7% and 8% for older properties, or approximately €47,600 to €54,400 (estimate based on current professional scales). The total acquisition cost would therefore be between €727,600 and €734,400.

Loan Simulation: Considering a down payment of 10% (€68,000) and an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €3,600 (calculated from the listed price and declared characteristics). The total cost of the loan would be around €860,000, including interest.

Rental Yield: If this apartment is rented, with an estimated rent of €1,800 per month, the gross rental yield would be 3.18% (calculated from the annual rent divided by the purchase price). The net yield, taking into account charges and property tax, could drop to around 2.5%.

The apartment is classified D with an energy consumption of 204 kWh/m²/year and greenhouse gas emissions of 40 kg CO2/m²/year. The annual energy cost is estimated between €980 and €1,380 (estimate based on declared characteristics).

Renovation: To improve from class D to class C, it is estimated that an investment between €15,000 and €25,000 would be needed for energy renovation work (indicative range based on current professional scales).

Available Aid: Aid such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to reduce the cost of the work, with amounts varying according to income and the work carried out.

The apartment is located in the 20th arrondissement of Paris, near the Charonne metro station (line 9) about 5 minutes on foot, providing quick access to the center of Paris. Additionally, several bus lines serve the neighborhood, facilitating transportation.

Amenities: The neighborhood has many shops, supermarkets, and restaurants. Public and private schools are also accessible, with generally satisfactory academic results.

Demographics: The 20th arrondissement is characterized by a young and dynamic population, with a median income of around €22,000 per year. The quality of life is considered good, with green spaces such as Belleville Park nearby.

Urban Projects: Several urban renovation projects are underway in the neighborhood, aimed at improving infrastructure and services, which could positively impact property valuation.

The 20th arrondissement presents moderate flood risks, according to data from Géorisques. It is advisable to check property diagnostics to ensure the absence of structural issues.

Zoning and PLU: The apartment is located in a residential area, compliant with the Local Urban Plan (PLU). Current urban planning rules allow for renovations and extensions under certain conditions.

Rent Control: If the apartment is intended for rental, it is subject to rent control, with a maximum rent set at around €25/m² (according to data from the AGUR Rent Observatory).

Mandatory Diagnostics: Energy performance diagnostics (DPE), lead, and asbestos must be provided during the sale. It is important to ensure that these documents are up to date and comply with legal requirements.

By comparing this apartment with other similar properties in the 20th arrondissement, it is noted that the price per m² is above the market median. Two-room apartments in the area generally sell between €10,000 and €11,000 per m².

Overvaluation Factors: The terrace of 28.57 m² and the general condition of the property are assets that justify the asking price. However, the size of the apartment is slightly below the average for two-room apartments in the area, which often hover around 60 m².

Negotiation Margin: Given the high price per m², a negotiation margin of 5 to 10% could be considered, especially if renovation work is needed or if the market shows signs of slowing down.