T2 Apartment 43 m² for sale Paris 12 - €460,000, DPE E

The listed price for this apartment is €460,000 for an area of 43 m², which gives a price per m² of €10,697 (€460,000 / 43 m²). Based on data from the DVF (Demand for Real Estate Values), the median price per m² in the 12th arrondissement of Paris is approximately €9,500 (source: DVF DGFiP, 2023). Thus, this apartment is above the market median by 12.6%. Over the last 36 months, prices in the 12th arrondissement have increased by about 5% per year, indicating a continuous upward trend. This can be attributed to sustained demand in this area, particularly due to the proximity of transport and amenities.

For a purchase at €460,000, notary fees are estimated at approximately €32,200 (calculated at 7% for an old property). The total acquisition cost would therefore be €492,200.

For a mortgage of €460,000 over 20 years with an average interest rate of 3.4% and a down payment of 10% (€46,000), the monthly payments would be approximately €2,580 (calculated with a loan simulator). The total interest cost over the duration of the loan would be approximately €118,800.

In terms of rental yield, if this apartment is rented for €1,600 per month, the gross yield would be 4.17% (calculated based on the purchase price). Taking into account charges and property tax, the net yield could drop to around 3.5%.

The apartment is classified E with an energy consumption of 313 kWh/m²/year and a greenhouse gas emission of 10 kgCO₂/m²/year. The annual energy cost is estimated between €1,070 and €1,460 (source: ADEME, 2023). According to the Climate & Resilience law, properties classified E will no longer be able to be rented from 2028, which could affect long-term resale value. Renovation work to improve the energy class to D could cost between €10,000 and €20,000, with possible aids like MaPrimeRénov'.

The apartment is located near Place Daumesnil, a few minutes' walk from Daumesnil metro station (line 6) and T3a tram station. The neighborhood also offers many shops, restaurants, and schools, making it a sought-after area for families and young professionals. The neighborhood's demographics show a median income of around €30,000 per year, with a young and dynamic population. Additionally, Bercy Park and the Bois de Vincennes are nearby, providing green spaces appreciated by residents.

The neighborhood is classified as a low seismicity zone according to Géorisques data, which limits natural risks. However, it is important to check for any easements and the PLU (Local Urban Plan) that could affect renovation projects. Additionally, rent control is in effect in the 12th arrondissement, with a rent ceiling set at €25.30 per m² for leases signed in 2023. Mandatory diagnostics must also be provided during the sale.

Compared to other similar apartments in the 12th arrondissement, this apartment is positioned above the market median. Two-room apartments in the area generally sell between €400,000 and €450,000, indicating a premium of 2.2% to 15% for this property. The strengths of this apartment include its very good condition, the absence of work required, and its location in a Haussmannian building. However, the price could be a barrier for some potential buyers, particularly first-time buyers.