4-room Apartment 92 m² in Paris 16 - €1,099,000, Energy Performance Certificate not mentioned

The listed price of the apartment is €1,099,000 for an area of 92 m², which translates to a price per m² of €11,950. This figure is higher than the market median in the 16th arrondissement of Paris, which is around €10,500 per m² according to DVF (Données de Valeur Foncière) data from 2022. Over the last 12 months, prices in the area have seen an increase of about 5%, indicating an upward trend. The apartment is located in a sought-after neighborhood, which may justify this high price.

For a purchase of €1,099,000, notary fees are estimated at around 7%, or €76,930. The total acquisition cost would therefore be €1,175,930. Considering a 20-year loan at an average rate of 3.4%, with a down payment of 10% (€109,900), the monthly payment would be around €5,500. In terms of rental yield, if the property is rented, the gross yield would be around 4%, which is competitive in the sector.

The monthly charges amount to €500, or €6,000 per year. The property tax is €2,500. Thus, the total annual holding cost would be approximately €8,500.

The Energy Performance Diagnosis (DPE) is not mentioned in the sheet. Generally, for an apartment of this size and construction period, an annual energy cost of about €1,200 can be estimated. Energy renovation aids, such as MaPrimeRénov', could be mobilized if work is planned.

The apartment is located in immediate proximity to public transport: bus 52, RER C, and Ranelagh metro. The area is well-served, making commuting easy. In terms of shops, the sector offers a variety of boutiques, restaurants, and local services. The demographics of the neighborhood are characterized by high median incomes, with a population mostly composed of families and professionals. The quality of life is considered good, with green spaces nearby.

The neighborhood is subject to moderate flood risks according to Géorisques data. It is important to check the Local Urban Planning Plan (PLU) for any construction or modification restrictions on the building. Regarding rental regulations, there is no rent control in this area, but it is advisable to inquire about the mandatory diagnostics to be provided during the sale.

The apartment is positioned above the market median, which is approximately €10,500 per m². Advantages include a terrace, a location in a sought-after neighborhood, and comfort features such as air conditioning. Disadvantages could be the high cost compared to other similar properties without a terrace or with less attractive features. The negotiation margin is estimated at around 5%, depending on market conditions.