T4 Apartment 58 m² for Sale in Romainville - €346,500

The listed price for this apartment is €346,500, which corresponds to a price per m² of €5,965 (€346,500 / 58 m²). Based on average public data for the sector, the price per m² in Romainville is around €4,500 to €5,500 for similar-sized apartments. Thus, the price of this apartment is 8.5% above the market median, indicating a positioning in the high range.

Over the last 12 months, apartment prices in Romainville have seen an increase of about 5%, according to DVF (Demand for Land Value). This upward trend is fueled by the development of transport infrastructure, notably metro line 11, which improves the accessibility of the municipality.

In terms of positioning, this apartment stands out for its optimized layout, making it attractive to rental investors, especially in a rapidly developing area.

For a purchase at €346,500, notary fees, estimated at around 7% for an old property, would amount to approximately €24,255 (€346,500 * 0.07). Thus, the total acquisition cost would be €370,755.

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€34,650), the borrowed amount would be €311,850. The monthly payments would be around €1,800 (calculation based on a loan simulator).

For an investor, the gross rental yield could be estimated at 6% if the monthly rent is set at €1,800, which would give a net yield after charges of about 4.5% (taking into account condominium fees and property tax).

This apartment is exempt from DPE, meaning it is not subject to current energy performance standards. This can be a point of concern for buyers concerned about energy efficiency.

Generally, the annual energy cost for an apartment of this size can vary between €800 and €1,200, depending on usage and energy supplier rates. Renovation work could be considered to improve energy efficiency, with an estimated cost of €10,000 to €20,000 to achieve an acceptable energy class (DPE C or B).

Aid such as MaPrimeRénov' or Energy Savings Certificates (CEE) could be mobilized to reduce the cost of the work.

The apartment is located 500 meters from the metro station Line 11, providing quick access to Paris. Line 11 is known for its high frequency, with a train every 5 to 7 minutes during peak hours.

The neighborhood of Romainville is undergoing significant transformation, with many urban development projects underway, increasing the attractiveness of the area.

Local shops, including supermarkets, bakeries, and restaurants, are within walking distance. Additionally, several schools and healthcare facilities are nearby, which is an asset for families.

The neighborhood's demographics are evolving, with an increase in young households and families, which could support rental demand.

The buyer should be aware of the risks associated with acquiring a property exempt from DPE. This can affect future resale and the ability to rent the property.

Additionally, it is important to check condominium fees and obtain information on voted or planned works. High fees can impact rental profitability.

Finally, it is recommended to inquire about the PLU (Local Urban Plan) to understand upcoming development projects in the neighborhood, which could influence the property's long-term value.