T1 Apartment - 323 sq ft - Paris (75016) — 1-room, 30 sqm, 1 bedroom
Real Estate Available

Purchase studio 29 m² Paris 16 - €399,000, Energy performance certificate not provided

At a glance: 1-room · 30 sqm · 1 bedroom · floor 1

Brand: Guy Hoquet

€399,000

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by Guy Hoquet Boulogne

T1 Apartment - 30m² - Paris (75016)

Guy Hoquet Boulogne-Billancourt presents this 30 m² studio, ideally located in a sought-after area of the 16th arrondissement of Paris. The property requires a complete renovation, offering significant potential for value enhancement. Located just a 6-minute walk from the Charles de Gaulle Étoile metro station, this apartment is an ideal opportunity for a rental investment or a first purchase.

Information

  • Type: REAL_ESTATE
  • Price: €399,000
  • Brand: Guy Hoquet
  • Availability: In stock

Characteristics

  • Floor: floor 1
  • Rooms: 1-room
  • Surface: 30 sqm
  • Bedrooms: 1 bedroom
  • Year Built: 1980
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: E
  • Dpe Value: 321
  • Ges Class: D
  • Ges Value: 47
  • Is Exempt: No
Location
  • City: Paris
  • Postal Code: 75016

Metadata

Market and price analysis

Price per m² and market trend

The listed price for this 29 m² studio is €399,000, which corresponds to a price per m² of €13,759 (calculated from the listed price and the declared area).

In the 16th arrondissement of Paris, the average price per m² for a studio is around €12,000 to €15,000 according to the DVF (Données de Valeur Foncière) data from 2022. This property is therefore positioned above the market median.

Over the last 12 months, apartment prices in the 16th arrondissement have seen an increase of about 5%, according to trends in the Paris real estate market.

Property positioning:

  • Advantages: Chic neighborhood, proximity to transport (6 minutes walk from Charles de Gaulle Étoile metro), potential for appreciation.
  • Disadvantages: Requires a complete renovation, which can represent a significant additional cost.

Financial simulations

Total Acquisition Cost

For a purchase at €399,000, notary fees for an older property are estimated between 7% and 8%. This represents approximately €27,930 to €31,920 (estimate based on current professional scales).

Total Acquisition :

  • Purchase Price : €399,000
  • Notary Fees : €27,930 to €31,920
  • Estimated Total : €426,930 to €430,920

Loan Simulation :

  • Amount Borrowed : €359,100 (90% of the purchase price)
  • Interest Rate : 3.4% over 20 years
  • Estimated Monthly Payment : approximately €1,800 (calculation based on current rates and loan duration).

Rental Yield :

  • Estimated rent for a studio in this area : €1,200 per month.
  • Gross rental yield : 3.6% (calculated on the purchase price).
  • Net rental yield : approximately 2.8% after charges and taxes.

Energy rating

Energy Performance

The DPE (Energy Performance Diagnosis) is not provided for this property. However, in the 16th arrondissement, the average DPE class is often ranked between C and D.

Estimated annual energy cost:

  • In the absence of a DPE, an estimated annual energy cost can be between €800 and €1,200 (estimate based on average public sector data).

Renovation:

  • To improve the DPE class from D to C, renovation work may be necessary, with an estimated cost between €10,000 and €20,000 (indicative range based on current professional scales).

Available aids:

  • MaPrimeRénov' can be mobilized for energy renovation work, with amounts varying according to the work carried out.

Neighborhood

Transport and Amenities

The studio is located 6 minutes on foot from the Charles de Gaulle Étoile metro station, which serves lines 1, 2, and 6, as well as the RER A. This allows for quick access to the main points of interest in Paris.

Nearby Amenities:

  • Shops: Supermarkets, bakeries, and restaurants within a 500-meter radius.
  • Schools: Several reputable educational institutions in the area.

Demographics:

  • The 16th arrondissement is one of the wealthiest in Paris, with a median household income of around €50,000 per year.

Quality of Life:

  • Safe and residential neighborhood, with many green spaces.
  • Upcoming urban projects: Improvement of transport infrastructure and public spaces.

Risks and constraints

Natural and Regulatory Risks

The 16th arrondissement is minimally exposed to major natural risks, although some areas may be prone to flooding.

PLU and Zoning:

  • The Local Urban Planning (PLU) of Paris imposes strict rules regarding renovations and constructions. It is advisable to consult the PLU before undertaking any work.

Mandatory Diagnostics:

  • Energy performance diagnostics (DPE), lead, asbestos, and termite inspections are mandatory when selling.

Rent Control:

  • As a rental property, it is important to check the current rent ceilings in the area, which may vary depending on the type of property and its location.

Market positioning

Comparison with Similar Properties

When comparing this studio with other 29 m² studios in the 16th arrondissement, the price of €399,000 is higher than the market median, which is around €370,000 for similar properties.

Factors for Overpricing:

  • Location in the Golden Triangle, a highly sought-after neighborhood.
  • Potential for appreciation after renovation.

Estimated Negotiation Margin:

  • Due to the high demand in the area, the negotiation margin may be limited, estimated at around 5% depending on competing offers.

Frequently asked questions

What are the notary fees for this purchase?

The notary fees for an old property like this studio are estimated between 7% and 8% of the purchase price, which is approximately €27,930 to €31,920.

What is the potential rental yield?

The gross rental yield is estimated at 3.6%, with a potential rent of €1,200 per month.

What assistance is available for renovation?

Assistance such as MaPrimeRénov' can be mobilized for energy renovation work, with amounts varying according to the work carried out.

What diagnostics are mandatory when selling?

Mandatory diagnostics include the energy performance diagnosis (DPE), lead, asbestos, and termites.

Are there flood risks in the neighborhood?

The 16th arrondissement is minimally exposed to major natural risks, although some areas may be prone to flooding.

What is the average selling time for similar properties?

The average selling time for studios in the 16th arrondissement is about 3 to 6 months.

How to secure a rental investment?

It is advisable to choose an agency offering guarantees against unpaid rents and comprehensive property management.

What are the rent ceilings in the sector?

Rent ceilings can vary depending on the type of property and its location; it is important to check the latest regulations in force.

What is the average DPE class in the 16th arrondissement?

The average DPE class in the 16th arrondissement is often ranked between C and D.

What are the upcoming urban projects in the neighborhood?

Projects to improve transportation infrastructure and public spaces are planned in the 16th arrondissement.

What are the characteristics of the neighborhood?

The 16th arrondissement is a chic, secure residential area with many green spaces and a good quality of life.

How does the purchasing process work?

The purchasing process includes several steps: research, visit, offer, sales agreement, and deed of sale at the notary.

What are the estimated annual maintenance costs?

Annual maintenance costs can vary, but it is reasonable to estimate about 1% of the purchase price per year for maintenance fees.

What financing options are available?

Financing options include traditional mortgages, zero-interest loans, and subsidized loans depending on the situations.

All tags

to renovate near metro rental investment sought-after neighborhood Golden Triangle quiet bright high potential secure residence public transport near shops first purchase old complete renovation chic sale for sale purchase apartment apartment sale apartment for sale apartment purchase T1 F1 1 room 1 room apartment T1 apartment 1 bedroom 1 bedroom apartment 30m² 30 m² 30m2 30 to 50m² 30m² apartment T1 apartment 30m² Paris Paris apartment apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase Paris T1 Paris 1 room Paris T1 apartment Paris 75016 Paris 75016 department 75 Paris apartment 75016

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