5-Room Apartment 117 m² in Paris 16 La Muette - €1,650,000

The price of the apartment is €1,650,000, which translates to a price per m² of €14,102.56 (calculated from the displayed price and declared characteristics). This price is higher than the market median in the 16th arrondissement of Paris, which is around €12,000 per m² according to DVF (Données de Valeur Foncière) data from 2022. Over the last 12 months, prices in the 16th arrondissement have increased by about 5% on average, with variations depending on the neighborhoods. La Muette is considered a sought-after area, which may justify a higher price.

This apartment is positioned in the high-end segment of the Paris real estate market, due to its size, impeccable condition, and location. Similar properties in the area display prices ranging from €12,000 to €16,000 per m², depending on their condition and proximity to transport and shops. The property enjoys a pleasant tranquility while being close to amenities, which is a major asset.

For a purchase of €1,650,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €115,500 to €132,000 (estimate based on current professional scales). The total acquisition cost would therefore be around €1,765,500 to €1,782,000.

Considering a contribution of 10% (€165,000), the amount to be financed would be €1,485,000. With an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €8,600 (calculation based on a loan simulator). The total cost of interest over the duration of the loan would be approximately €1,200,000.

If this apartment is rented, the monthly rent could be estimated at around €5,500 (calculation based on local rents). This would give a gross rental yield of about 4% per year, which is interesting for an investment in the 16th arrondissement.

The DPE (Energy Performance Diagnosis) is not specified in the sheet, which is a point to clarify with the seller. Generally, apartments in the 16th arrondissement have an energy consumption ranging from 150 to 250 kWh/m²/year. Annual energy costs can therefore vary between €1,800 and €2,500, depending on the energy class.

If the energy performance diagnosis indicates a class lower than C, renovation work may be necessary to improve energy efficiency. Renovation costs to gain a class can vary between €15,000 and €30,000 (estimate based on current professional rates). Aid such as MaPrimeRénov' can be mobilized to reduce these costs.

The apartment is located near several metro lines, including line 9 (La Muette station) about a 5-minute walk away. Buses also serve the area, providing easy access to the rest of Paris. Gare de Lyon is accessible in 30 minutes by public transport.

The La Muette neighborhood is renowned for its tranquility and amenities. There are numerous shops, restaurants, and quality schools. The presence of parks and green spaces, such as the Bois de Boulogne, contributes to a high quality of life. Median incomes in the area are above the Parisian average, indicating a wealthy population.

The La Muette neighborhood is not particularly exposed to major natural risks, but it is always advisable to consult the Géorisques data for accurate information on flooding or other potential risks.

It is important to verify the compliance of mandatory diagnostics, notably the Energy Performance Certificate (DPE), lead diagnosis, and termite diagnosis. The law imposes strict obligations regarding transparency on these diagnostics during the sale.

This apartment is above the market median for comparable properties in the 16th arrondissement. Prices per sqm for similar apartments range from €12,000 to €16,000, placing this property in a higher range. Advantages include its impeccable condition, southwest orientation, and quiet location. On the other hand, the lack of a clear energy performance certificate (DPE) could be a drawback.

Given the high-end positioning of this apartment, the negotiation margin may be limited. Potential buyers should expect a negotiation of around 5% to 10% depending on the results of the diagnostics and market interest.