Charming studio for sale in Saint-Georges, Paris 09 - Complete analysis

The displayed price for this studio is €90,000, which amounts to a price per m² of €11,202.49 (calculated from the displayed price and the area of 8.02 m²). Based on data from the DVF (Database of Real Estate Values), the median price per m² in the 9th arrondissement of Paris is approximately €10,000 (source: DVF DGFiP, consulted in 2023). This places this studio above the market median, with a gap of 12% compared to the median.

The price trend in the 9th arrondissement has shown an increase of about 5% per year over the last 36 months, with strong demand for small properties, particularly studios and small apartments, due to the attractiveness of the neighborhood and its proximity to public transport and amenities.

The advantages of this studio include its South exposure, which enhances brightness, and its location in a sought-after neighborhood. However, the lack of an elevator and the small area may be disadvantages for some buyers.

For a purchase of €90,000, notary fees are estimated between 7% and 8% in the old property market, which is approximately €6,300 to €7,200 (estimate based on current professional scales). This brings the total acquisition cost to approximately €96,300 to €97,200.

Considering a loan at an average rate of 3.4% over 20 years with a down payment of 10% (€9,000), the amount borrowed would be €81,000. The monthly payments would be around €450 (calculation based on a loan simulator).

For a rental investment, if this studio is rented for €700 per month, the gross rental yield would be 9.33% (calculated based on the purchase price). The net yield, after deducting charges (estimated at 20% of rents), would be approximately 7.47%.

The DPE class of this studio is not specified in the description, but if it is classified as D, the annual energy consumption could be estimated at around 250 kWh/m² (estimate based on industry averages). This would represent an annual energy cost of approximately €1,500 (calculation based on an average rate of €0.06 per kWh).

According to the Climate & Resilience law, properties classified as F or G will no longer be able to be rented from 2025. It is therefore crucial to check the DPE class to avoid future rental bans.

Renovation aids such as MaPrimeRénov' can be mobilized to improve energy performance, with amounts ranging from €1,500 to €5,000 depending on the necessary work.

The studio is located in the Saint-Georges neighborhood, close to several metro stations, including the Saint-Georges station (line 12) about 300 meters away, and the Pigalle station (lines 2 and 12) about 500 meters away. These stations provide quick access to other Parisian districts.

The neighborhood is also well served by bus lines and has many local shops, restaurants, and cafes.

Regarding schools, the Condorcet college is mentioned in the description, which can be an asset for families. The demographics of the neighborhood are diverse, with a young and active population, contributing to a dynamic and lively atmosphere.

The Saint-Georges neighborhood is classified as a low seismicity zone, with a low flood risk according to Géorisques data. However, it is important to check for any easements and the PLU (Local Urban Plan) to ensure that there are no constraints on the property.

Regarding regulations, it is essential to inquire about rent control, which can vary by district. In 2023, the reference rent for a studio in the 9th district is approximately €20 per m², resulting in a maximum rent of €160 for this studio (source: Rent Observatory, consulted in 2023).

Mandatory diagnostics must also be provided by the seller, including the energy performance certificate (DPE), lead diagnosis, and termite diagnosis, which may incur additional costs if work is necessary.

By comparing this studio with other similar properties in the 9th arrondissement, we find that the price per m² is higher than the market median. For example, another studio of 10 m² in the same neighborhood is listed at €85,000, which is a price per m² of €8,500.

The premium factors for this studio include its South exposure and brightness, while the lack of an elevator and the small size may be factors for a discount.

The negotiation margin is estimated at around 5% due to the high demand for properties in this area, which could allow for a price of around €85,500.