18-Room Building for Sale in Courbevoie - €4,990,000, 554 m²

The listed price of the building is €4,990,000 for an area of 554 m², which gives a price per m² of €9,000 (€4,990,000 / 554). This price is higher than the market median for similar buildings in the Courbevoie area, which is around €7,500 to €8,500 per m² according to DVF (Land Value Data) for 2022. Over the last 12 months, property prices in Courbevoie have increased by about 5%, indicating an upward trend. The building is therefore positioned in the high-end segment of the market, justified by its complete renovation and Art Deco style.

The building is classified in the category of exceptional properties, with unique features such as its Art Deco architecture and its geographical location. Compared to other buildings of the same size and in the same sector, this property is above the median, which can be justified by the quality of the renovation and the amenities offered.

The total acquisition cost for this property includes notary fees estimated at around 7% of the purchase price, which is approximately €349,300 (4990000 * 0.07). The total amount to be expected would therefore be €5,339,300 (4990000 + 349300). For a fixed-rate loan of 3.4% over 20 years with a down payment of 10%, which is €499,000, the monthly payments would be around €25,000, representing a significant burden for the investor.

With 7 apartments, if each apartment is rented at an average price of €2,500 per month, the gross rental income would be €21,000 per month, or €252,000 per year. The gross rental yield would therefore be 5% (252000 / 4990000). After deducting estimated charges of 20% (or €50,400), the net rental yield would be around 4%.

The building's DPE is classified as D, indicating moderate energy consumption. The estimated annual energy cost for a building of this size is around €15,000 per year, based on an average consumption of 150 kWh/m²/year for class D. According to the Climate & Resilience law, buildings classified as D are not subject to rental bans, but renovation work would be necessary to achieve a class C or higher. Available aids for renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts varying between €10,000 and €30,000 depending on the work done.

The building is located in Courbevoie, close to metro line 1 and RER A and L, providing quick access to Paris. Nearby shops include supermarkets, restaurants, and schools. The neighborhood's demographics are dynamic, with a median income of around €35,000 per year. The quality of life is generally good, with green spaces and low pollution.

According to data from Géorisques, the Courbevoie sector is minimally exposed to flooding and seismic risks. The PLU (Local Urban Planning) allows for the conversion of buildings into housing, but it is advisable to check existing easements. Mandatory diagnostics include the DPE, asbestos, and lead, to be carried out before the sale. Property owners must also be aware of obligations related to waste management and fire safety.

Compared to other 18-room buildings in the area, this building is above the median in terms of price per square meter. The premium factors include its Art Deco style, the quality of the renovation, and the view of Paris. However, the high acquisition cost may be a deterrent for some investors. The negotiation margin is estimated at around 5% due to the high demand for properties of this type.