T2 Apartment - 52.5m² - Paris (75011) — 2-room, 52.5 sqm, 1 bedroom
Real Estate Available

T2 Apartment 52.5 m² for Sale in Paris 11th - €595,000, Energy Rating E

At a glance: 2-room · 52.5 sqm · 1 bedroom · floor 2

Brand: Guy Hoquet

€595,000

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by Guy Hoquet Paris 11 Voltaire

T2 Apartment - 52.5m² - Paris (75011)

The Guy Hoquet Voltaire agency offers for sale this two-room apartment located on the 2nd floor with elevator, in a well-maintained co-ownership, just a few meters from the Voltaire metro and the Gardette square. It consists of an entrance with closet, a large living room of 25m², a bedroom, a separate fitted kitchen, a shower room, and a toilet. A cellar completes this property. The advantages: location and brightness.

Information

  • Type: REAL_ESTATE
  • Price: 595000€
  • Brand: Guy Hoquet
  • Availability: In stock

Characteristics

  • Floor: floor 2
  • Rooms: 2-room
  • Surface: 52.5 sqm
  • Bedrooms: 1 bedroom
  • Features: crossing, bright, basement, elevator
  • Year Built: 1890
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: E
  • Dpe Value: 305
  • Ges Class: E
  • Ges Value: 67
  • Is Exempt: No
  • Estimated Annual Cost Max: 2020
  • Estimated Annual Cost Min: 1480
Location
  • City: Paris
  • Postal Code: 75011

Metadata

Market and price analysis

Price per m² and market trend

The listed price for this apartment is €595,000 for an area of 52.5 m², which gives a price per m² of €11,318 (calculated from the listed price and declared characteristics).

Comparison with the market

Based on DVF (Demand for Property Value) data for the 11th arrondissement of Paris, the median price per m² for old apartments is around €10,500 (source: DVF DGFiP, 2023). Thus, this apartment is above the market median by 7.8%.

Price trend

Apartment prices in the 11th arrondissement have increased by about 3% over the last 12 months, according to data from INSEE and Paris notaries. This trend is supported by high demand in this area, particularly for properties close to transport and amenities.

Financial simulations

Total Acquisition Cost

For the purchase of this apartment, here are the financial simulations :

  • Purchase Price : €595,000
  • Notary Fees : Approximately 7% for an old property, or about €41,650 (estimate based on current professional scales).
  • Total Amount to Finance : €636,650.

Loan Simulation

With an average interest rate of 3.4% over 20 years and a down payment of 10% (€59,500), the borrowed amount would be €536,500.

  • Estimated Monthly Payments : Approximately €2,900 (calculated based on current interest rates and loan duration).

Annual Holding Cost

  • Estimated Property Tax : Approximately €1,200 (estimate based on industry averages).
  • Condominium Fees : Estimated at €1,500 per year.
  • Home Insurance : Approximately €300 per year.

Rental Yield

If this apartment is rented, the monthly rent could be estimated at €1,800 (estimate based on local rents). This would give a gross rental yield of 3.6%.

Energy rating

DPE Class and Energy Cost

This apartment has an energy performance certificate (DPE) rated E, with an energy consumption of 305 kWh/m²/year and greenhouse gas emissions of 67 kg CO2/m²/year.

Annual Energy Cost

The annual energy cost is estimated between €1,480 and €2,020 (estimate based on provided values).

Rental Bans

According to the Climate and Resilience law, properties rated F and G can no longer be rented starting in 2025. This apartment, rated E, is still rentable, but energy improvement work may be necessary in the future to avoid a downgrade in energy class.

Available Assistance

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance energy improvement work, with amounts varying depending on the work carried out.

Neighborhood

Transport and Amenities

The apartment is located in immediate proximity to the Voltaire metro station (line 9), facilitating access to the rest of Paris.

Amenities

  • Amenities: The neighborhood offers numerous shops, restaurants, and cafés, contributing to a lively community life.
  • Schools: Several educational institutions are located nearby, including the Voltaire High School and elementary schools.
  • Health: The neighborhood has several health centers and pharmacies.

Demographics and Quality of Life

The 11th arrondissement is known for its cultural diversity and vitality. The median household income is approximately €36,000 (source: INSEE, 2023), and the population mainly consists of young professionals and families.

Urban Projects

Urban redevelopment projects are underway in the area, aiming to improve public spaces and infrastructure.

Risks and constraints

Natural Risks and Regulations

The property is located in an urban area, with low flood risks according to Géorisques data.

PLU and Zoning

The Local Urban Planning (PLU) of the 11th arrondissement imposes certain constraints on renovations and constructions. It is recommended to consult the PLU before undertaking any work.

Mandatory Diagnostics

All property diagnostics (DPE, lead, asbestos, etc.) must be provided during the sale. Ensure that these documents are up to date and available.

Rent Control

For rental properties, rent control applies in the 11th arrondissement, with a reference rent set at €25/m² (source: Prefecture of Paris, 2023).

Market positioning

Comparison with Similar Properties

This apartment is positioned above the market median, with a price per m² of €11,318, compared to a median of €10,500 in the 11th arrondissement.

Factors for Premium Pricing

  • Location: Proximity to the metro and shops.
  • General Condition: Well-maintained with modern features.

Potential Factors for Discount Pricing

  • Energy Performance Certificate (EPC): Class E, which could deter some energy-conscious buyers.

Estimated Negotiation Margin

A negotiation margin of 5 to 10% could be considered, given the current market trend.

Frequently asked questions

What are the notary fees for this apartment?

The notary fees for an old property like this apartment are estimated at around 7%, which is approximately €41,650.

What is the energy consumption of the apartment?

The energy consumption is 305 kWh/m²/year, with an estimated annual energy cost between €1,480 and €2,020.

What assistance is available for energy renovation?

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance energy improvement works.

What are the natural risks in the neighborhood?

The property is located in an urban area with low flood risks according to Géorisques data.

What is the reference rent for this apartment?

The reference rent for the 11th arrondissement is set at €25/m², according to the Paris prefecture.

Are there any repairs to be expected in the apartment?

It is recommended to check the condition of the installations (plumbing, electricity) and to request the mandatory diagnostics to ensure that no major repairs are expected.

What is the validity period of property diagnostics?

Property diagnostics are generally valid for a period of 10 years, but this can vary depending on the type of diagnostic.

How does the purchasing process work?

The purchasing process includes signing a sales agreement, paying a deposit, and conducting diagnostics before signing the authentic deed at the notary.

What are the usual sales timelines in the industry?

Sales timelines in the 11th arrondissement are generally 3 to 6 months, depending on demand and the quality of the property.

What are the characteristics of co-ownership?

It is important to request the co-ownership regulations and the latest minutes of the general assembly to understand the state of the co-ownership.

Are there condominium fees?

Condominium fees are estimated at around €1,500 per year, but this can vary depending on the services included.

What is the agency's negotiation policy?

It is advisable to discuss negotiation possibilities with the agency to obtain the best possible price.

What are the advantages of this apartment compared to others?

The advantages include its central location, brightness, and well-maintained general condition.

All tags

crossing bright cellar elevator near Voltaire metro Gardette square equipped kitchen well maintained 2 rooms bedroom shower room separate WC large living room entrance with closet location very good condition sale for sale purchase apartment apartment sale apartment for sale apartment purchase T2 F2 2 room apartment T2 apartment 1 bedroom 1 bedroom apartment 53m² 53 m² 53m2 50 to 80m² 53m² apartment T2 53m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase T2 Paris 2 rooms Paris T2 apartment Paris 75011 Paris 75011 department 75 Paris 75011 apartment

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