3-room apartment 61.43 m² in Paris 9 - €707,000, energy performance certificate not provided

The listed price for this apartment is €707,000, which translates to a price per m² of €11,500 (€707,000 / 61.43 m²). Based on public data from the DVF (Demande de Valeur Foncière), the median price per m² in the 9th arrondissement of Paris is approximately €10,500 (source: DVF DGFiP, 2023). This places this apartment above the market median, with a difference of 9.5%.

Regarding price trends, the Parisian real estate market has seen a 5% increase over the last 12 months, according to INSEE data. In comparison, the 9th arrondissement recorded a 4% rise over the same period, indicating a dynamic market but slightly below the Parisian average.

In terms of positioning, this apartment benefits from a central location, close to transportation and shops, which is an asset for potential buyers.

For a purchase of €707,000, notary fees are estimated between 7% and 8% for older properties, which amounts to approximately €49,490 to €56,560 (estimate based on current professional scales). The total acquisition cost would therefore be between €756,490 and €763,560.

Regarding financing, taking a 20-year loan at the current average rate of 3.4% with a 10% down payment (€70,700), the borrowed amount would be €636,300. The monthly payment would be approximately €3,600 (calculation based on the interest rate and loan duration).

For an investor, the gross rental yield could be estimated at 4% if the monthly rent is €2,900 (estimate based on local rents). The net cash flow, after deducting expenses and property tax, would need to be assessed according to the investor's specific expenses.

The DPE (Energy Performance Diagnosis) is not provided for this apartment. Generally, for an older apartment in the 9th arrondissement, the DPE class is often between C and E, which corresponds to an estimated annual energy consumption between €1,200 and €1,800 (estimate based on average public sector data).

According to the Climate and Resilience Law, apartments classified as F or G will no longer be able to be rented starting in 2025. If renovation work is necessary to improve the energy class, costs can vary between €15,000 and €30,000 depending on the extent of the work (indicative range based on current professional scales).

Aid such as MaPrimeRénov' or Energy Savings Certificates (CEE) can be mobilized to finance part of the work, with amounts reaching up to €20,000 depending on the owner's income.

The apartment is located in the Nouvelle Athènes district, near Rue de Douai. The area is well-served by public transport, with the Saint-Georges metro station (line 12) about 300 meters away, providing quick access to the rest of Paris. Bus lines 68 and 74 are also nearby, facilitating travel.

In terms of amenities, the area is filled with shops, restaurants, and services, with a high concentration of boutiques and cafés. The demographics of the neighborhood are diverse, with a predominantly young and active population, contributing to a dynamic and lively atmosphere.

The quality of life is generally good, although noise may be a factor to consider due to the proximity of roadways and nightlife establishments.

The neighborhood is located in a low flood risk area according to Géorisques data. However, it is important to check the seismic risks, which can be moderate in certain areas of Paris.

Regarding the Local Urban Planning Plan (PLU), it is essential to inquire about construction and renovation rules, particularly concerning facades and structural modifications, especially in an old building. Mandatory diagnostics must be provided during the sale, including the Energy Performance Certificate (DPE), lead, asbestos, and electricity.

Finally, it is recommended to ask questions about condominium fees and any easements that could affect the use of the apartment.

In comparison with other 3-room apartments in the 9th arrondissement, the price per m² of this apartment is higher than the market median, which is around €10,500 (source: DVF DGFiP, 2023). Similar apartments, often in good condition, sell for between €650,000 and €750,000 depending on their condition and precise location.

The advantages of this apartment include its central location and renovation potential, which could attract buyers looking to customize their space. However, the cost of necessary renovations could be a disadvantage for some buyers, especially those with a limited budget.