Loft T2 - 40.08m² - Paris (75011) — 2-room, 40.08 sqm, 1 bedroom
Real Estate Available

T2 Apartment 40.08 m² for Sale Paris 11 - €380,000, DPE F

At a glance: 2-room · 40.08 sqm · 1 bedroom

Brand: Guy Hoquet PARIS 11 VOLTAIRE

€380,000

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by Guy Hoquet Paris 11 Voltaire

Loft T2 - 40.08m² - Paris (75011)

In the heart of the highly sought-after Villa Gaudelet, discover this atypical loft of 40.8 m², converted from an old commercial space. With beautiful volumes, a great ceiling height, and exposed stone walls, this apartment offers a warm and functional space. Currently rented until December 2027, it represents an excellent opportunity for an investor.

Information

  • Type: REAL_ESTATE
  • Price: 380000€
  • Brand: Guy Hoquet PARIS 11 VOLTAIRE
  • Availability: In stock

Characteristics

  • Rooms: 2-room
  • Surface: 40.08 sqm
  • Bedrooms: 1 bedroom
  • Year Built: 1850
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: T
  • Dpe Value: 415
  • Ges Class: T
  • Ges Value: 91
  • Is Exempt: No
  • Estimated Annual Cost Max: 2090
  • Estimated Annual Cost Min: 1540
Features (5)
  • cellar
  • calm
  • loft
  • open kitchen
  • individual heating
Location
  • City: Paris
  • Postal Code: 75011

Metadata

Market and price analysis

Price per m² and market trend

The listed price for this apartment is €380,000 for an area of 40.08 m², which translates to a price per m² of €9,467 (calculated from the listed price and declared characteristics).

In the Parisian market, the median price per m² for apartments in the 11th arrondissement is approximately €10,000 (source: Notaires de France, 2023). Thus, this apartment is slightly below the sector median, which may make it attractive to investors.

In terms of trend, prices in the 11th arrondissement have increased by about 4% over the last 12 months, according to DVF DGFiP data. This trend could continue, supported by ongoing demand in this sought-after area of Paris.

Positioning: This apartment positions itself as an interesting option for buyers, especially those looking for a rental investment.

Financial simulations

Total Acquisition Cost

For a purchase at €380,000, notary fees are estimated between 7% and 8% for an old property, or approximately €26,600 to €30,400 (indicative range based on current professional scales).

The total acquisition cost would therefore be €406,600 to €410,400.

Loan Simulation:

  • Loan amount: €380,000
  • Personal contribution: 10% or €38,000
  • Amount to finance: €342,000
  • Interest rate: 3.4% over 20 years

The monthly payment would be approximately €1,900 (calculated from current rates and declared characteristics).

Rental Yield: If this apartment is rented at a monthly rent of €1,500, the gross rental yield would be 4.74% (calculated from annual rental income relative to total investment).

Annual Holding Cost

Annual holding costs include:

  • Property tax: Estimate based on sector averages, approximately €1,200 per year.
  • Condominium fees: Estimate around €1,000 per year.
  • Home insurance: Approximately €300 per year.

The total annual holding cost is therefore estimated at around €2,500.

Energy rating

DPE and Energy Consumption

The energy performance diagnosis (DPE) indicates a class F with a consumption of 415 kWh/m²/year. The annual energy cost is estimated between €1,540 and €2,090 (indicative range based on declared data).

Rental Bans: According to the Climate and Resilience law, properties classified F or G will no longer be able to be rented from 2025. This could pose a risk for this investment if renovation work is not carried out.

Estimated Renovation Cost: To improve the energy class, renovation work may be necessary, with an estimated cost between €15,000 and €30,000 (estimate based on current professional scales).

Available Aid: Aids such as MaPrimeRénov' can be mobilized, offering grants of up to €7,000 depending on the work carried out.

Neighborhood

Transport and Amenities

The apartment is located in the 11th arrondissement of Paris, near Villa Gaudelet. The neighborhood is well served by public transport, including:

  • Metro: Line 9 (Voltaire station) 5 minutes on foot.
  • Bus: Several lines nearby, providing quick access to central Paris.

Amenities: The neighborhood offers many shops, restaurants, and cafés, as well as green spaces like the Butte aux Cailles park.

Demographics: The 11th arrondissement is characterized by a young and dynamic population, with a median income of around €30,000 per year (source: INSEE, 2021).

Risks and constraints

Natural and Regulatory Risks

The property is located in an area with a low flood risk according to Géorisques data.

PLU and Zoning: The Local Urban Plan (PLU) of the 11th arrondissement allows for constructions and renovations, but it is important to check for any easements.

Rent Control: Currently, the rent must not exceed €1,500 for a T2 in the 11th arrondissement, according to current caps (source: Prefecture of Paris, 2023).

Mandatory Diagnostics: Energy performance diagnostics (DPE) and state of natural and technological risks (ERNMT) must be provided during the sale.

Market positioning

Comparative Analysis

This apartment is positioned slightly below the median market price for similar properties in the 11th arrondissement.

Advantages:

  • Immediate rental income until December 2027.
  • Location in a dynamic and sought-after neighborhood.
  • Unique characteristics of a loft.

Disadvantages:

  • Energy class F, potentially requiring renovation work.
  • Sold occupied, which may limit flexibility for a new buyer.

Negotiation Margin: Estimated at about 5% due to the energy class and the occupied sale.

Frequently asked questions

What is the amount of notary fees for this purchase?

Notary fees for an old property are estimated between 7% and 8% of the purchase price, or approximately €26,600 to €30,400 for this apartment.

What are the risks associated with energy class F?

Properties classified F will no longer be able to be rented from 2025 according to the Climate and Resilience law, which requires renovation work to improve energy performance.

What is the estimated gross rental yield?

The gross rental yield is estimated at 4.74% if the rent is set at €1,500 per month.

What aids are available for renovation?

Aids such as MaPrimeRénov' can be mobilized, offering grants of up to €7,000 depending on the work carried out.

Are there any easements to check?

It is advisable to check for any easements within the framework of the Local Urban Plan (PLU) to ensure there are no restrictions on the property.

What is the estimated property tax?

The property tax is estimated at around €1,200 per year, based on sector averages.

What are the mandatory diagnostics?

Mandatory diagnostics include the DPE and the state of natural and technological risks (ERNMT), which must be provided during the sale.

How does this apartment compare to other properties in the area?

This apartment is slightly below the median market price for similar properties in the 11th arrondissement, making it an interesting option for buyers.

What is the average selling time for similar properties?

The average selling time for apartments in the 11th arrondissement is about 3 months, according to market data.

What are the characteristics of the condominium?

It is important to request information about the condominium, including fees, planned work, and decisions made at the last general meetings.

Are there any urban projects planned in the neighborhood?

It is advisable to inquire about ongoing or upcoming urban projects in the neighborhood, which could influence the property's value.

What is the demographic composition of the neighborhood?

The 11th arrondissement is characterized by a young and dynamic population, with a median income of around €30,000 per year (source: INSEE, 2021).

What are the advantages of professional rental management?

Professional rental management offers solid guarantees against unpaid rents and regular monitoring, which can reassure investors.

How does the buying process work?

The buying process includes several steps: research, visit, offer, sales agreement, and finally the authentic deed at the notary.

All tags

loft Villa Gaudelet calm former commercial space ceiling height exposed stone walls open kitchen quiet bedroom cellar individual gas heating rental investment rental income sought-after neighborhood near République near Oberkampf near Bastille near Marais sale for sale purchase apartment apartment sale apartment for sale apartment purchase T2 F2 2 rooms 2-room apartment T2 apartment 1 bedroom 1-bedroom apartment 40m² 40 m² 40m2 30 to 50m² 40m² apartment T2 apartment 40m² Paris Paris apartment apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase Paris T2 Paris 2 rooms Paris T2 apartment Paris 75011 Paris 75011

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