T1 Apartment 13 m² for sale Paris 15 - €132,000, DPE F

The listed price for this T1 apartment of 13 m² is €132,000, which corresponds to a price per m² of €10,153 (€132,000 / 13 m²). Based on public data from the DVF, the median price per m² in the 15th arrondissement of Paris is estimated at around €10,500 (source: DVF DGFiP, 2023). Thus, this apartment is slightly below the market median, which may represent an advantage for a buyer looking for an affordable property in a sought-after area.

Regarding price trends, the Paris real estate market has seen an increase of about 3% per year over the last two years, although signs of stabilization have recently appeared. Prices in the 15th arrondissement are particularly influenced by the proximity of transportation and shops, which maintains strong demand.

For a purchase at €132,000, notary fees are estimated between 7% and 8% for older properties, or about €9,240 to €10,560 (calculation based on current professional rates). The total acquisition cost would therefore be between €141,240 and €142,560.

Regarding financing, with a down payment of 10% (€13,200), the amount borrowed would be €118,800. At an average interest rate of 3.4% over 20 years, the monthly payments would be around €694 (calculation based on a loan simulator). The total interest cost over the loan term would be approximately €25,500.

For a rental investment, with a rent of €500 excluding charges, the gross rental yield would be 4.5% (€500 x 12 months / €132,000). The net yield, taking into account charges and property tax, would be estimated at around 3.5%.

The apartment is rated F in terms of energy performance, with a consumption of 482 kWh/m²/year. The annual energy cost is estimated between €610 and €870 (calculation based on provided values). According to the Climate and Resilience Law, properties rated F will no longer be able to be rented starting in 2025, which could pose a risk for rental investment.

To improve the energy class, renovation work is necessary. The estimated cost to reach a class D or higher could vary between €10,000 and €20,000, depending on the planned work (insulation, heating, etc.). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to finance part of this work.

The apartment is located in the 15th arrondissement, close to the Convention metro station (line 12) and the T3a tram at Brancion, facilitating access to other neighborhoods in Paris. The neighborhood is well served by local shops, supermarkets, and health facilities. The neighborhood's demographics are varied, with a population mainly composed of young professionals and families.

The quality of life is generally appreciated, with green spaces like Georges-Brassens Park nearby, providing a pleasant setting for residents. Urban projects are underway, aimed at further improving the infrastructure and services of the neighborhood.

The apartment presents several risks to consider. First, the F rating of the DPE implies necessary renovation work to comply with future rental standards. Additionally, the presence of toilets in the hallway may raise comfort and privacy concerns for tenants.

In terms of regulations, it is important to check the PLU (Local Urban Planning Plan) to ensure that no restrictions apply to the building or future projects in the neighborhood. Mandatory diagnostics, such as the energy performance diagnosis, must be provided during the sale.