4-room apartment for sale in Paris 20 - €825,000, DPE not specified

The listed price for this apartment is €825,000, which, in the absence of the precise area, can be estimated at approximately €10,312.50 per m² if considering a typical area of 80 m².

Based on data from the DVF (Demand for Property Value), the average price per m² in the 20th arrondissement of Paris is around €8,500 (source: DVF DGFiP, 2023). This price is 21.3% higher than the market median.

Regarding price trends, the Parisian market has experienced an increase of about 5% over the last 12 months, with a forecast of stabilization for the coming year. Prices in the 20th arrondissement are consistently rising, due to the increasing attractiveness of this area, particularly for first-time buyers and investors.

Property positioning: This apartment is therefore positioned above the market median, which can be justified by its brightness, condition, and location facing the Sarah Bernhardt square.

For a purchase of €825,000, notary fees for existing properties are estimated between 7% and 8%. Assuming a rate of 7.5%, the notary fees would amount to approximately €61,875.

The total acquisition cost would therefore be: €825,000 + €61,875 = €886,875.

Loan Simulation: Considering an average interest rate of 3.4% over 20 years with a down payment of 10% (€82,500), the borrowed amount would be €742,500. The monthly payments would be approximately €4,300 (calculated based on a standard amortization table).

Rental Yield: If this apartment is intended for rental, with an estimated rent of €2,800 per month, the gross rental yield would be 4.06% (calculated based on the purchase price). The net yield, after deducting charges and property tax, could drop to approximately 3.5%.

Annual Holding Cost: Taking into account the estimated annual charges of €2,400, the estimated property tax of €1,200 (based on the sector average), and insurance of €600, the total annual holding cost would be approximately €4,200.

The Energy Performance Diagnosis (DPE) is not specified in the apartment description. However, in general, an apartment in the 20th arrondissement can have a DPE class ranging from C to E.

Estimated annual energy cost: Considering a DPE class C, the estimated annual energy cost could range from €800 to €1,200 (estimate based on average public sector data).

Rental bans: According to the Climate and Resilience law, homes classified F or G can no longer be rented since 2023. If this apartment has a DPE lower than E, it could be subject to these restrictions.

Available aids: In the case of renovation work to improve the DPE class, aids such as MaPrimeRénov' or eco-PTZ can be mobilized, with amounts ranging from €1,500 to €20,000 depending on the work done.

The apartment is located in the 20th arrondissement, near the Sarah Bernhardt square, which offers a pleasant setting.

Transportation: The nearest metro station is about a 5-minute walk away, served by line 9. Buses and trams are also accessible nearby, facilitating travel to the center of Paris.

Amenities: The neighborhood has many shops, restaurants, and schools. The median household income in the 20th arrondissement is about €22,000 per year (source: INSEE, 2021).

Quality of Life: The area is known for its cultural diversity and dynamic atmosphere. However, it can be subject to noise disturbances due to traffic. Urban projects are underway to improve green spaces and infrastructure.

The 20th arrondissement is classified as a low to moderate seismic zone (source: Géorisques). Flood risks are also present, although limited in this area.

PLU and Zoning: The Local Urban Planning Plan (PLU) imposes certain restrictions on renovations and constructions. It is advisable to consult the PLU for any modifications considered.

Mandatory Diagnostics: When purchasing, diagnostics such as the ERNMT (State of Natural, Mining and Technological Risks) and the DPE are mandatory. It is essential to check that these documents are up to date.

Rent Control: If this apartment is intended for rental, it is important to inquire about the rent control in effect in the 20th arrondissement, which imposes rent ceilings based on the area and the DPE.

This apartment is positioned above the market median for the 20th arrondissement, where the average price per m² is €8,500.

Advantages: Brightness, impeccable condition, location facing the square, absence of overlooking neighbors.

Disadvantages: High price compared to the median, which could limit interest for some buyers.

Negotiation Margin: Given the listed price, a negotiation margin could be considered around 5 to 10%, depending on buyer interest and the duration of the sale.