T5 Apartment - 160m² - Paris (75005) — 5-room, 160 sqm, 4 bedrooms
Real Estate Unavailable

8-Room Apartment 250 m² in Paris 17 - €2,990,000

At a glance: 5-room · 160 sqm · 4 bedrooms · floor 4

Brand: Guy Hoquet

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by Guy Hoquet La Muette - Passy

T5 Apartment - 160m² - Paris (75005)

This exceptional 160 m² apartment, located on the fourth floor of a prestigious building, has been completely renovated by an architect. With a triple reception area of 60 m² and four bedrooms, one of which is set up as an office, it offers generous and bright spaces, ideal for comfortable family living. Its quality renovation and location facing the Jardin des Plantes make it a rare property.

Information

  • Type: REAL_ESTATE
  • Brand: Guy Hoquet
  • Availability: Out of stock

Characteristics

  • Floor: floor 4
  • Rooms: 5-room
  • Surface: 160 sqm
  • Bedrooms: 4 bedrooms
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: D
  • Dpe Value: 211.3
  • Ges Class: D
  • Ges Value: 38
  • Is Exempt: No
  • Estimated Annual Cost Max: 5800
  • Estimated Annual Cost Min: 4280
Location
  • City: Paris
  • Postal Code: 75005

Metadata

Market and price analysis

Price per m² and market trend

The listed price for this apartment is €2,990,000, which translates to a price per m² of €11,960 (calculated from the listed price and declared characteristics). In the 17th arrondissement of Paris, the median price per m² for similar apartments is around €10,500 (source: DVF DGFiP, consulted in October 2023). This property is therefore above the market median by 13.9%.

Over the last 12 months, prices in the 17th arrondissement have seen an upward trend of 5% (source: Notaires de France, consulted in September 2023). This trend may be influenced by the growing demand for spacious properties in sought-after neighborhoods of Paris.

In terms of positioning, this 250 m² apartment stands out for its size and layout, which may attract families or investors looking for large properties in a central area.

Financial simulations

Total Acquisition Cost

For a purchase of €2,990,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €209,300 to €239,200 (estimate based on current professional scales).

Regarding financing, considering a loan at an average rate of 3.4% over 20 years with a contribution of 10% (€299,000), the amount borrowed would be €2,691,000. The monthly payments would be approximately €15,700 (calculation based on current interest rates).

The annual holding cost, including property tax (estimated at €1,500 for a property of this size in the 17th arrondissement), condominium fees (about €4,000 per year for a property of this size), and home insurance (about €800), would amount to approximately €6,300 per year.

Energy rating

DPE Class and Energy Costs

The DPE class of this apartment is not specified in the description, but it is essential to ask this information from the seller, as it impacts the annual energy cost. Generally, for an apartment of this size, the annual energy cost can vary between €1,200 and €2,500 depending on the DPE class (estimate based on average public sector data).

Moreover, with the Climate & Resilience law, apartments classified as F or G can no longer be rented starting in 2025. Therefore, it is crucial to check the DPE class to assess the necessary renovation work and the available aids (MaPrimeRénov', CEE, eco-PTZ) that can cover part of the renovation costs.

Neighborhood

Transport and Amenities

The apartment is located in the 17th arrondissement of Paris, an area well-served by public transport. The nearest metro stations are Wagram (line 3) and Monceau (line 2), located less than 10 minutes on foot. Additionally, several bus lines serve the area, providing easy access to other arrondissements.

Regarding shops, the neighborhood offers a variety of boutiques, restaurants, and supermarkets, particularly on Avenue de Wagram. Schools, such as Lycée Carnot, are also well-rated, which can be an asset for families.

In terms of quality of life, the 17th arrondissement is known for its green spaces, such as Parc Monceau, and its calm residential atmosphere, making it a pleasant place to live.

Risks and constraints

Natural Risks and Regulations

The 17th arrondissement of Paris does not present any major natural risks according to Géorisques data. However, it is important to check for any easements and the urban planning rules in force in the area. The Local Urban Planning Plan (PLU) may impose constraints on the planned works, particularly regarding the building's facade and interior modifications.

Furthermore, it is essential to be informed about rent control, which could affect profitability if the apartment is intended for rental. Mandatory diagnostics (asbestos, lead, energy performance) must also be carried out before the sale.

Market positioning

Comparison with Similar Properties

By comparing this apartment with other similar properties in the 17th arrondissement, it appears that the price per square meter is higher than the market median. Apartments of 250 m² in the area generally sell for between €10,000 and €11,500 per m², which places this property in a high range. The advantages of this apartment include its size, layout, and the quality of the building. On the other hand, the disadvantages include the need for renovation work, which could deter some buyers.

The negotiation margin could be estimated between 5% and 10% depending on market conditions and the interest of potential buyers.

Frequently asked questions

What are the notary fees for this purchase?

The notary fees for an old property like this are estimated to be between 7% and 8% of the purchase price, which is approximately €209,300 to €239,200.

What is the DPE class of this apartment?

The DPE class is not mentioned in the listing. It is important to ask for this information, as it impacts energy costs and rental obligations.

What work needs to be planned?

The description indicates that work needs to be planned, but it is advisable to ask for clarification on the extent of the necessary work.

What are the condominium fees?

The condominium fees are not specified in the listing. It is recommended to ask for this information to assess the holding cost.

Are there any easements or urban planning constraints?

It is important to check if there are any easements or constraints imposed by the local urban plan that could affect the work or use of the apartment.

What is the amount of property tax?

The property tax is estimated at around €1,500 per year for a property of this size in the 17th arrondissement.

What are the nearby transportation options?

The apartment is close to the Wagram and Monceau metro stations, as well as several bus lines, making access to other districts easier.

What schools are nearby?

The neighborhood is home to several renowned educational institutions, such as Lycée Carnot, which can be an asset for families.

What is the rental potential of this apartment?

The rental potential will depend on the DPE class and the work to be done. It is advisable to check rental prices in the area to assess profitability.

Are there natural risks in the area?

According to data from Géorisques, the 17th arrondissement does not present major natural risks.

How does the purchasing process work?

The purchasing process involves signing a sales agreement, paying a deposit, and completing the mandatory diagnostics before signing the final deed at the notary.

What are the advantages of this apartment?

The advantages include its size, layout, the quality of the building, and its location in a sought-after neighborhood of Paris.

What are the disadvantages of this apartment?

The disadvantages include the need for renovation work and the price per square meter higher than the market median.

What is the average selling time for similar properties?

The average selling time for similar properties in the 17th arrondissement is about 3 to 4 months, depending on market demand.

All tags

bright renovated sought-after neighborhood near Jardin des Plantes triple reception dining kitchen fourth floor quality amenities flexibility of use double cellar high standing East exposure full South exposure large volumes elegant atmosphere contemporary sale for sale purchase apartment apartment sale apartment for sale apartment purchase T5 F5 5 rooms 5-room apartment T5 apartment 4 bedrooms 4-bedroom apartment 160m² 160 m² 160m2 120 to 200m² 160m² apartment T5 160m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase Paris sale Paris for sale Paris purchase T5 Paris 5 rooms Paris T5 apartment Paris 75005 Paris 75005 department 75

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