2-room apartment 22.12 m² in Paris 14 - €250,000, energy performance certificate not provided

The listed price for this apartment is €250,000 for an area of 22.12 m², which corresponds to a price per m² of €11,307 (calculated from the listed price and declared characteristics).

For comparison, the median price per m² in the 14th arrondissement of Paris is around €10,000 (source: DVF DGFiP, consulted in 2023). This apartment is therefore above the market median by 13%.

Over the last 36 months, apartment prices in the 14th arrondissement have generally trended upwards, with an increase of about 5% per year (estimate based on average public sector data).

For the acquisition of this apartment, notary fees are estimated between 7% and 8% for an older property. This represents an additional cost of €17,500 to €20,000 (estimate based on current professional scales).

The total acquisition cost would therefore be between €267,500 and €270,000.

Regarding financing, with a contribution of 10% (€25,000), the amount to be financed would be €225,000. Considering an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €1,300 (calculation based on the current average rate).

If this apartment were rented, the average rent for a 2-room apartment in the 14th arrondissement is about €1,200 per month (source: INSEE, 2023). This would yield a gross rental yield of approximately 5.76% (calculated from the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could be around 4.5%.

The EPC (Energy Performance Certificate) is not mentioned in the sheet, which is a point of concern. Generally, for apartments of this size and from this era, one can estimate an annual energy consumption between €800 and €1,200 (estimate based on declared characteristics and sector averages).

The Climate & Resilience Law imposes rental bans for properties classified as F or G starting in 2025. It is therefore crucial to check the energy class of this apartment before any commitment.

The apartment is located near the Pernety metro station (line 13), just a 3-minute walk away, and the Montparnasse train station, accessible in 10 minutes on foot. This accessibility is an asset for commuting.

The Pernety neighborhood is lively, with several convenience stores and shops nearby, contributing to a pleasant quality of life. The neighborhood's demographics show a median income of around €30,000 per year (source: INSEE, 2023).

According to data from Géorisques, the neighborhood is classified as low flood risk, but it is important to check for seismic and clay risks.

The PLU (Local Urban Planning) must also be consulted to understand the construction and development rules in the area. Additionally, it is essential to inquire about the mandatory diagnostics to be provided during the sale, including the DPE, lead, asbestos, etc.

This apartment is positioned above the market median in the 14th arrondissement, where the price per m² is around €10,000. The advantages of this apartment include its proximity to transport and shops, but it has the disadvantage of a relatively small area.

The negotiation margin could be estimated at around 5% due to the high demand in this area.