6-Room Apartment 171 m² in Paris 16 - €1,900,000

The price of the apartment is €1,900,000, which corresponds to a price per m² of €11,090 (calculated from the displayed price and the area of 171.12 m²). In the Parisian market, the median price per m² in the 16th arrondissement is around €10,000 (source: Notaires de Paris, 2023). This property is therefore above the market median by 10.9%. Over the last 12 months, prices in the 16th arrondissement have increased by about 5% (source: DVF DGFiP, 2023).

Notary fees for an older property are estimated between 7% and 8%. For this apartment, the notary fees would therefore be between €133,000 and €152,000 (estimate based on average public sector data). The total acquisition cost would therefore be €2,033,000 to €2,052,000.

For a loan of €1,900,000 over 20 years with an average interest rate of 3.4%, a down payment of 10% (€190,000) would result in a borrowed amount of €1,710,000. The monthly payments would be approximately €9,800 (calculated from the interest rate and duration).

If this apartment is rented, the monthly rent could be estimated at €6,000 (estimate based on rents observed in the area). The gross rental yield would therefore be 3.8% (calculated from the annual rent of €72,000 divided by the purchase price of €1,900,000).

The Energy Performance Certificate is not provided for this apartment. Generally, for an apartment of this size in the 16th arrondissement, the annual energy cost could be estimated between €1,200 and €2,000 (estimate based on average public sector data). Owners should be aware of the rental bans for properties rated F or G starting in 2025 (source: Climate & Resilience Law, 2021).

The apartment is located in the Passy neighborhood, known for its quality of life. Public transportation includes line 6 of the metro (Passy station is a 5-minute walk) and several bus lines. The neighborhood also offers many shops, restaurants, and schools, with academic results generally above the Parisian average. The demographics of the area are characterized by high median incomes, with a population predominantly made up of families and professionals (source: INSEE, 2023).

The Passy district is classified as an area of low seismicity (source: Géorisques, 2023). The risks of flooding are also limited. Regarding the PLU, the sector is subject to strict construction and renovation rules, ensuring the preservation of the historical character of the district. Mandatory diagnostics must be provided during the sale, including the energy performance diagnosis (DPE) and the state of natural and technological risks (ERNMT).

This apartment is positioned above the market median for the 16th arrondissement, where prices per m² hover around €10,000. Advantages include its size (171.12 m²), functional layout, and location in a sought-after neighborhood. Disadvantages could be the high price and the absence of an Energy Performance Certificate (DPE), which could limit attractiveness for some buyers. The negotiation margin could be estimated at 5% due to high demand in the area.