6-room apartment 142 m² for sale Paris 16th - €1,589,000

The listed price of the apartment is €1,589,000, for an area of 142 m², which equates to a price per m² of €11,202.

Based on average public data from the sector, the median price per m² for an apartment in the 16th arrondissement of Paris is around €10,500 (source: DVF DGFiP, 2023). This means that the price of this apartment is 6.67% higher than the market median.

In terms of trend, prices in the 16th arrondissement have increased by about 3% per year over the last three years, indicating some stability and sustained demand in this area.

In summary, this apartment is positioned above the market median, which can be justified by its unique features, including a large corner living room and a sought-after location in the Muette neighborhood.

For a purchase price of €1,589,000, notary fees are estimated between 7% and 8% for an old property, or approximately €111,230 to €127,120 (calculation based on current professional scales).

Considering a down payment of 10% (€158,900), the amount to be financed would be €1,430,100. If we take an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €7,900 (calculation based on an amortizable loan).

In terms of rental profitability, if this apartment is rented at a price of €4,500 per month, the gross yield would be 3.4% (calculated on the purchase price). After deducting charges and property tax, the net yield could drop to around 2.5%.

The DPE (Energy Performance Diagnosis) is not specified in the listing. This represents a critical point, as apartments rated below class E can no longer be rented since 2025 (Climate & Resilience law).

The estimated annual energy cost for an apartment of this size in the 16th arrondissement could range between €1,200 and €1,800, depending on the energy class (estimate based on average public sector data).

Renovation aids can be mobilized, such as MaPrimeRénov' or Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €15,000 depending on the work to be done.

The apartment is located in the Muette neighborhood, a sought-after area in the 16th arrondissement of Paris. This neighborhood is well-served by public transport, with line 9 of the metro nearby (Muette station) and several bus lines.

In terms of shops, the neighborhood offers a variety of boutiques, restaurants, and services, particularly on rue de Passy, which is just a few steps away. Well-regarded schools, such as Jean-Baptiste Say high school, are also present, attracting families.

The demographics of the neighborhood are characterized by high median incomes, with a population predominantly made up of families and professionals. The quality of life is generally considered good, with green spaces like the Muette park nearby.

The Muette neighborhood is generally not exposed to major natural risks; however, it is important to check the data on flooding and seismic activity via the Géorisques website.

The Local Urban Planning Plan (PLU) must be consulted to ensure that no construction or development constraints apply to this apartment. Mandatory diagnostics (asbestos, lead, etc.) must also be provided by the seller.

Regarding rent control, it is essential to check the applicable ceilings in the 16th arrondissement, which may vary depending on the area and the precise location of the property.

Compared to other 6-room apartments in the 16th arrondissement, this apartment is positioned above the median. Indeed, other similar properties are selling between €10,000 and €11,000 per m², depending on the characteristics and the precise location.

The advantages of this apartment include its generous size, bright living room, and central location. However, the absence of an Energy Performance Certificate (DPE) and the high price compared to the median may be points of concern for potential buyers.