4-room apartment for sale in Sèvres - €529,000, 83 m²

The price of the apartment is €529,000 for a surface area of 83 m², which gives a price per m² of €6,365.06 (calculated from the displayed price and declared characteristics). In the Sèvres area, the average price per m² for an apartment is around €5,500 (source: DVF DGFiP, consulted in 2023). This places this apartment above the market median by 15.7%.

Over the last 12 months, apartment prices in Sèvres have seen an increase of about 3% (source: Notaires de France, 2023). The forecasts for the next 12 to 24 months indicate a stabilization of prices, with a slight upward trend due to sustained demand in the Paris region.

This apartment stands out for its location in the city center of Sèvres, in immediate proximity to shops and educational institutions. The Sèvres – Rive Gauche train station, accessible in less than 5 minutes on foot, allows for quick access to Gare Montparnasse, enhancing the property's appeal for families and professionals. Furthermore, the proximity of the T2 tramway and the future Line 15 of the Grand Paris Express is a major asset for the future development of real estate value in this area.

The total acquisition cost of the apartment, including notary fees, is estimated at around €566,000 (estimate based on average public sector data, notary fees estimated at 7% for older properties). The notary fees would therefore amount to approximately €37,000.

For a mortgage of €529,000 over 20 years at the current average rate of 3.4%, with a down payment of 10% (€52,900), the monthly payments would be around €2,900 (calculation based on current professional scales).

If this apartment were rented, the monthly rent could be estimated at around €2,200 (estimate based on rents observed in the area). The gross rental yield would therefore be around 4.9% (calculated from the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could be around 4.2%.

The Energy Performance Diagnosis (DPE) is not mentioned in the apartment description. However, it is important to note that, according to the Climate & Resilience law, homes rated F or G can no longer be rented starting in 2025. It is therefore recommended to request this diagnosis from the seller to assess energy costs and any necessary renovations.

If the DPE were rated C, the annual energy cost would be estimated at around €1,200 (estimate based on average public sector data). To improve the DPE rating, renovation work may be necessary, with costs potentially ranging from €10,000 to €30,000 depending on the improvements to be made (indicative range based on current professional scales).

Aids such as MaPrimeRénov' and the Energy Savings Certificates (CEE) can be mobilized to finance energy renovation work. The amounts vary, but can reach up to €20,000 for energy renovation work (estimate based on current professional scales).

The apartment is located near the Sèvres – Rive Gauche station (line N), accessible in less than 5 minutes on foot. This station allows you to reach Gare Montparnasse in about 15 minutes. Additionally, the T2 tramway is also nearby, facilitating travel to Paris. The future line 15 of the Grand Paris Express, scheduled to be operational by 2025, is expected to further improve accessibility in the area.

Bus lines also serve the neighborhood, providing additional connections to surrounding municipalities.

The Sèvres neighborhood is renowned for its quality of life. It offers immediate access to various shops, schools, and healthcare facilities. The median household income in this municipality is around €36,000 per year (source: INSEE, 2021), which reflects a relatively affluent population. Green spaces, such as the Saint-Cloud park, are also nearby, contributing to a pleasant living environment.

The municipality of Sèvres is subject to flood risks, particularly due to its proximity to the Seine. According to data from Géorisques, certain areas may be classified as at risk. It is advisable to consult the Flood Risk Prevention Plan (PPRI) for accurate information about the apartment's area.

Furthermore, seismic activity in the region is low, which reduces the risks associated with earthquakes.

The seller must provide several mandatory diagnostics, such as the Energy Performance Certificate (DPE), the state of natural and technological risks, as well as the lead diagnosis if the property was built before 1997. It is important to check that these documents are up to date before finalizing the purchase. Additionally, rent control may apply if the apartment is intended for rental, with ceilings to be respected according to local regulations.

This apartment is positioned above the market median, with a price per m² of €6,365.06, compared to the median of €5,500 for similar properties in Sèvres. The advantages of this apartment include its brightness, balcony, and proximity to transportation. On the other hand, the lack of mention of the energy performance certificate (DPE) may be a point of concern for buyers who are conscious of energy efficiency.

Given that the price is above the market median, the negotiation margin may be limited. However, factors such as the recent state of renovation and the quality of materials used may justify the asking price. A thorough analysis of comparable properties in the area could help identify negotiation levers.