1-room apartment 31.58 m² for sale Paris 20 - €275,000

The listed price of the apartment is €275,000 for an area of 31.58 m², which translates to a price per m² of €8,707.48 (calculated from the listed price and declared characteristics). In the Paris market, the median price per m² for a studio is around €10,000 (source: Notaires de Paris, 2023). This places this apartment below the market median, which can be attractive for a first-time buyer or an investor.

Over the last 12 months, studio prices in Paris have increased by about 2.5% (source: INSEE, 2023). This figure indicates a stable trend, although variations may be more pronounced depending on the districts.

The apartment is located in the 20th arrondissement, which is undergoing significant changes with urban development projects aimed at improving the quality of life and attractiveness of the neighborhood. However, it is important to note that the 20th arrondissement is often perceived as less desirable than other central arrondissements, which may influence the future valuation of the property.

For a purchase of €275,000, notary fees are estimated between €19,250 (7%) and €22,000 (8%) according to the current scales for old properties (estimate based on average public sector data).

The total acquisition cost would therefore be between €294,250 and €297,000.

For a mortgage over 20 years at the current average rate of 3.4%, with a down payment of 10% (€27,500), the amount borrowed would be €247,500. Monthly payments would be approximately €1,453 (calculated based on current interest rates and standard loan characteristics).

In terms of rental yield, if this apartment is rented for €1,000 per month, the gross yield would be 4.36% (calculated based on the purchase price). The net yield, after deducting charges (estimated at 20% of rents), would be approximately 3.49%.

The applicable taxation will depend on the owner's status (LMNP, real regime, etc.) and must be taken into account in the simulation.

The Energy Performance Certificate (DPE) is not provided in the listing. It is essential to request this information from the seller, as it influences not only the annual energy cost but also the possibility of renting the property in the future (Climate & Resilience Law).

In general, for a studio of this size, the annual energy cost can vary between €600 and €1,200, depending on the DPE class (estimate based on average public sector data).

If the DPE indicates a class lower than E, renovation work may be necessary to improve energy efficiency, which represents an additional cost. Aids such as MaPrimeRénov' can be mobilized to finance this work, with amounts ranging from €1,500 to €20,000 depending on the nature of the work.

The apartment is located near several metro lines, including line 1 and line 9, which provide quick access to the center of Paris. The nearest station is about a 5-minute walk away.

The neighborhood also offers various local shops, as well as schools and healthcare facilities. The demographics of the 20th arrondissement are characterized by a young population, with a median income of around €22,000 per year (source: INSEE, 2023).

The quality of life is improving thanks to ongoing urban planning projects, but there are still concerns regarding pollution and noise, particularly due to traffic.

The 20th arrondissement is subject to flooding risks, although the risk is moderate according to Géorisques data. It is advisable to check local urban planning plans (PLU) to know about development projects that may affect the property.

Regarding rental, it is important to inquire about rent control, which can vary by area. Currently, the reference rent for a studio is around €25 per m², which could influence rental yield.

Mandatory diagnostics (lead, asbestos, etc.) must also be provided during the sale, and it is crucial to ensure that all legal obligations are met to avoid future disputes.

By comparing this apartment with other studios in the 20th arrondissement, we find that the price of €8,707.48 per m² is lower than the market median, which is around €10,000 (source: Notaires de Paris, 2023). This indicates a potential for negotiation.

The advantages of this apartment include its location in a developing neighborhood and the presence of an elevator, which is an asset for first-time buyers. On the other hand, the absence of an energy performance certificate (DPE) may be a point of concern for buyers concerned about energy efficiency.

It is recommended to ask questions about the history of sale prices in the area and the time on the market for similar properties to better assess this apartment's position in the market.