3-room apartment 70 m² for sale Paris 15 - €799,000

The listed price of the apartment is €799,000 for an area of 70 m², which corresponds to a price per m² of €11,413.

Based on data from the DVF (Demand for Property Value), the median price per m² in the 15th arrondissement of Paris is estimated at around €10,500 in 2023. Thus, the price per m² of this apartment is 8.7% higher than the market median.

In terms of trend, prices in the 15th arrondissement have increased by about 5% over the last 12 months, according to data from the Paris Chamber of Notaries. This trend is supported by strong demand for quality properties in well-served neighborhoods by public transport.

Property positioning: This apartment is therefore positioned in the upper segment of the market, justified by its features (90 m² terrace, ceiling height of 3 m).

For a purchase price of €799,000, notary fees for an old property are estimated at around 7% of the purchase price, which is approximately €55,930.

Total Acquisition Cost: €799,000 + €55,930 = €854,930.

Loan Simulation

With an average interest rate of 3.4% over 20 years and a down payment of 10% (€79,900), the amount borrowed would be €719,100.

The monthly repayment would be approximately €4,200 (calculated with a loan simulator). The total cost of the loan over 20 years would be around €1,008,000, including interest.

Rental Yield

If this apartment is rented, with an average rent in the 15th arrondissement of €2,500 per month, the gross rental yield would be 3.75% (€30,000 in annual rental income / €799,000). After deducting charges (approximately 20% of income), the net yield would be around 3%.

The Energy Performance Diagnosis (DPE) of this apartment is rated D, indicating an estimated annual energy consumption of about 200 kWh/m².

Annual Energy Cost

With an average electricity rate of €0.18/kWh, the annual energy cost would be approximately €2,520 (70 m² x 200 kWh/m² x €0.18).

Rental Bans

According to the Climate & Resilience law, properties rated F or G can no longer be rented since 2023. This property, being rated D, is therefore compliant with current regulations.

Available Assistance

To improve the energy class, assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized. The amounts vary but can reach up to €20,000 depending on the work carried out.

The apartment is located near the Félix Faure metro station (line 8), about a 5-minute walk, providing quick access to the rest of Paris. Several bus lines are also available nearby.

Amenities

The neighborhood has many shops, supermarkets, bakeries, and restaurants, contributing to a pleasant neighborhood life. Reputable schools are also present in the area, which is an asset for families.

Demographics and Quality of Life

The 15th arrondissement is known for its tranquility and quality of life, with many green spaces like Georges-Brassens Park. The median household income in the 15th is around €36,000 per year, which is above the Paris average. The demographic composition is varied, with a predominantly middle-class population.

The property is located in an area with a low risk of flooding, according to Géorisques data. However, it is important to check for any easements that could affect the use of the terrace.

PLU and Zoning

The Local Urban Planning (PLU) of the 15th arrondissement imposes certain restrictions on construction and renovations. It is advisable to consult the PLU for any proposed modifications.

Mandatory Diagnostics

Technical diagnostics (DPE, lead, asbestos) must be provided at the time of sale. Ensure that these documents are up to date and comply with legal requirements.