27 m² Studio for Sale in Paris 14 - €250,000, Energy Performance Certificate Not Specified

The listed price for this 27 m² studio is €250,000, which corresponds to a price per m² of €9,259 (calculated from the listed price and declared characteristics).

In the Parisian market, prices per m² in the 14th arrondissement generally range between €8,000 and €12,000 depending on the neighborhoods and characteristics of the properties. Thus, this studio is situated in the high end of the market, which can be justified by its location on the top floor and its brightness.

Over the last 12 months, prices in the 14th arrondissement have seen an increase of about 3.5% (source: Notaires de France, consulted in September 2023). This upward trend could continue, supported by stable demand for small spaces, particularly in areas well-served by public transport.

This studio is positioned above the market median in the 14th arrondissement, which is around €8,500 per m². Advantages include its location on the top floor, the presence of double glazing and a private cellar, as well as proximity to shops and transport. On the other hand, the lack of mention of an energy performance certificate (DPE) could be a disadvantage for some buyers concerned about energy efficiency.

For a purchase of €250,000, notary fees for an old property are estimated between 7% and 8%. Taking an estimate of 7.5%, the notary fees would amount to approximately €18,750.

The total acquisition cost would therefore be €268,750.

For a mortgage of €250,000 at an average rate of 3.4% over 20 years with a contribution of 10% (€25,000), the monthly payments would be approximately €1,392 (calculation based on a standard amortization table).

If this studio is intended for rental, the average rent in the 14th arrondissement for a studio is about €800 per month (source: Observatory of Rents of the Paris Agglomeration, consulted in September 2023). The gross rental yield would therefore be 3.84% (calculated based on the annual rent of €9,600 compared to the purchase price of €250,000). After deducting charges and property tax, the net yield could be around 3%.

Annual charges are estimated at about €1,200 and the property tax at about €600 (estimate based on sector averages).

The Energy Performance Diagnosis (DPE) is not mentioned in the sheet, which poses a risk for potential buyers. Indeed, according to the Climate & Resilience law, properties classified as F or G can no longer be rented since 2023. It is therefore essential to check the DPE class before any commitment.

In case renovation is necessary to improve the energy class, costs can vary significantly. Available aids, such as MaPrimeRénov', can cover part of the expenses, but it is difficult to estimate the cost without knowing the current class of the property.

The Plaisance-Pernety neighborhood is well served by public transport, notably by line 13 of the metro (Pernety station is a 5-minute walk) and several bus lines. The proximity of shops, bakeries, pharmacies, and green spaces contributes to the quality of life in this area.

The demographics of the neighborhood are characterized by a young and active population, with a median income of around €2,500 per month (source: INSEE, consulted in September 2023). The quality of life is generally considered good, with green spaces such as Georges-Brassens park nearby.

The neighborhood is classified as a low seismic zone, but it is important to check for potential flood risks (source: Géorisques, consulted in September 2023). The Local Urban Plan (PLU) should also be consulted to understand the construction and development rules in the area.

Regarding rent regulations, it is essential to check if any caps are applied in this area, especially for rentals. Mandatory diagnostics must be provided during the sale, and it is advisable to request information about any easements or rights of way.