T1 Apartment 21.34 m² for sale Paris 5th - €284,700, DPE C

The price per m² of this apartment is €13,339/m² (calculated from the displayed price of €284,700 and the area of 21.34 m²). This figure is higher than the market median in the 5th arrondissement of Paris, which is around €12,000/m² according to DVF (Données de Valeur Foncière) data from 2022. Over the last 12 months, prices in the 5th arrondissement have increased by about 5%, indicating an upward trend. This increase is attributed to the strong demand for real estate in the Latin Quarter, known for its proximity to educational and cultural institutions. In comparison, the average price of studios in the area is €12,500/m², placing this apartment in a higher range, justified by its location and features.

The notary fees for this apartment, estimated between 7% and 8% for an old property, amount to between €19,929 and €22,776. Taking an estimate of 7.5%, the notary fees would be approximately €21,000.

For a mortgage at an average rate of 3.4% over 20 years with a down payment of 10% (€28,470), the borrowed amount would be €256,230. The monthly payment would be around €1,500, including interest and principal.

In terms of rental investment, with an estimated rent of €1,200 per month (based on local rents), the gross rental yield would be 5.05% (calculated based on the purchase price). After deducting charges and property tax, the net yield could be around 4.5%.

The apartment is classified C on the DPE scale, with a consumption of 186.5 kWh/m²/year. The annual energy cost is estimated between €470 and €640, which is relatively competitive for an apartment of this size in Paris.

According to the Climate & Resilience law, apartments classified DPE F or G can no longer be rented since 2023. Thus, this apartment complies with the new regulations. To improve the energy class, renovation work may be considered, with an estimated cost between €5,000 and €15,000 for significant improvements. Assistance such as MaPrimeRénov' can be mobilized to finance this work.

The apartment is located in the Latin Quarter, a sought-after area of Paris, known for its educational institutions, bookstores, and historic cafes. The proximity to the Sorbonne and the Panthéon attracts a student and tourist population.

In terms of transport, the Jussieu metro station is a 5-minute walk away, serving lines 7 and 10, facilitating access to other neighborhoods in Paris. Additionally, several bus lines are available nearby, providing excellent connectivity.

The Luxembourg Garden, just steps away, offers green spaces appreciated by residents. The neighborhood's demographics are young, with a median income of around €30,000 per year, contributing to sustained demand for housing in this area.

The property is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements or restrictions related to the old building.

Regarding the PLU (Local Urban Plan), the area is classified as zone U, which allows for construction and renovations under certain conditions. Mandatory diagnostics, such as asbestos and lead, must be provided by the seller.

Finally, the rent control regulations in Paris impose rent ceilings, which could affect rental yield. The ceilings for a T1 in the 5th arrondissement are set at around €1,200 per month, which aligns with market expectations.