T3 Apartment 61.89 m² for sale Paris 9 - €695,000, DPE D

The price of the apartment is €695,000 for a surface area of 61.89 m², which gives a price per m² of €11,226 (€695,000 / 61.89 m²). According to data from the DVF (Database of Real Estate Values), the median price per m² for an apartment in the 9th arrondissement of Paris is around €10,500. The apartment is therefore approximately 7% above the market median.

Over the last 12 months, the real estate market in the 9th arrondissement has experienced a 4% increase in prices, with a continuous upward trend, particularly for quality and well-located properties. Apartments with similar characteristics (size, condition, location) sell for between €10,000 and €12,000 per m², positioning this apartment in a competitive range.

Source: DVF, consulted on October 1, 2023.

For a purchase at €695,000, notary fees are estimated at 7%, or about €48,650. The total acquisition cost therefore amounts to €743,650.

For a loan at an average rate of 3.4% over 20 years with a down payment of 10% (€69,500), the borrowed amount would be €625,500. The monthly payments would be around €3,600.

In terms of rental yield, if this apartment is rented at a monthly rent of €2,500, the gross yield would be 4.3% (€30,000 annual rent / €695,000 purchase). After deducting charges and property tax, the net yield could be estimated at 3.5%.

Estimated annual holding cost (charges, property tax, insurance): €3,000.

The apartment has a DPE rating of class D (value 215) and a GES rating of class B (value 8). The annual energy cost is estimated between €1,230 and €1,700. According to the Climate and Resilience law, apartments rated F or G can no longer be rented starting in 2025, which positions this apartment in a secure rental zone.

To improve the energy class, renovation work is estimated between €10,000 and €20,000. Aids such as MaPrimeRénov' can be mobilized to reduce these costs.

The apartment is located in the 9th arrondissement, near Drouot Street, known for its auction houses and shops. Public transport is easily accessible, with the Saint-Georges metro station about 5 minutes on foot. The neighborhood offers a good quality of life with schools, restaurants, and green spaces nearby.

The neighborhood's demographics are dynamic, with a median income of about €36,000 per year. The demand for apartments in this area is high due to its proximity to points of interest and amenities.

The property is located in an urban area with low flood risks (source: Géorisques). The PLU allows construction and renovation in the sector, but it is important to check for any easements. In terms of regulations, the rent is subject to rent control, with a ceiling of €2,500 for an apartment of this size in the 9th arrondissement.

Mandatory diagnostics (asbestos, lead, electricity) must be provided by the seller. It is recommended to request a certificate of compliance to avoid surprises during the purchase.

This apartment is positioned above the market median, with a price per m² of €11,226. Comparable properties in the area generally sell for between €10,000 and €12,000 per m². The advantages of this apartment include its central location, overall condition, and features (modern kitchen, cellar). The disadvantages could be the high price compared to other options in the neighborhood, as well as the DPE that may require improvements in the future.

The negotiation margin could be estimated between 5% and 10% depending on market interest and competing offers.