T3 Apartment 60 m² for Sale in Paris 16th - €650,000

The price of this apartment is €650,000 for an area of 60 m², which gives a price per m² of €10,833.

Based on DVF (Demand for Real Estate Values) data for the 16th arrondissement of Paris, the median price per m² for apartments is around €11,000 (source: DVF DGFiP, 2023). This property is therefore slightly below the market median, which may represent an opportunity for buyers.

Regarding price trends, the Paris real estate market has seen a 5% increase over the last 12 months, with a forecast of stabilization for the next 12 months, according to analyses by MeilleursAgents (source: MeilleursAgents, 2023).

This apartment is located in the 16th arrondissement, a sought-after area for its quality of life, schools, and green spaces. The property is positioned in a market where demand remains strong, particularly for family apartments. The features of the apartment, such as brightness, recent renovation, and proximity to transport, enhance its attractiveness. However, the energy class E could be a point of concern for some buyers, especially in light of new energy regulations.

For a purchase of €650,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €45,500 to €52,000 (estimate based on current professional scales). The total acquisition cost would therefore be between €695,500 and €702,000.

Regarding financing, with a contribution of 10% (€65,000), the amount to be financed would be €585,000. At an average interest rate of 3.4% over 20 years, the monthly payments would be approximately €3,300 (calculation based on the displayed price and declared characteristics).

If this apartment is intended for rental, the average rent for a T3 in the 16th arrondissement is around €2,500 per month (source: SeLoger, 2023). This would yield a gross rental yield of 4.6% (calculated on the purchase price of €650,000). After deducting charges and property tax, the net yield could be around 4%.

Property management in the sector is often accompanied by guarantees against unpaid rents, which can reassure investors.

The apartment has a DPE rated E with an energy consumption of 200 kWh/m²/year and a GHG of 60 kgCO2/m²/year. According to the Climate & Resilience law, apartments with a DPE of class E will no longer be able to be rented starting in 2028 (source: Construction and Housing Code, 2023).

To improve the energy class, renovation work is estimated between €15,000 and €30,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to finance this work.

The apartment is located near metro stations (line 9) and several bus lines, facilitating access to the rest of Paris. The neighborhood is also well served by local shops, schools, and green spaces such as the Parc de Bagatelle and the Bois de Boulogne, contributing to a pleasant quality of life.

The neighborhood's demographics show a median income higher than the Parisian average, attracting a wealthy and family-oriented population.

The neighborhood is classified as a low seismic zone, with a moderate flood risk according to Géorisques data. The PLU (Local Urban Plan) imposes certain constraints on renovations and extensions, which may influence future projects of property owners. Furthermore, rent control is in effect in the area, with a rent ceiling set at €27.50/m² for leases signed after July 1, 2023 (source: ELAN Law, 2023).