T1 Apartment - 8.02m² - Paris 9 — 1-room, 8.02 sqm, floor 6
Real Estate Available

Charming studio for sale in Saint-Georges, Paris 09 - Complete analysis

At a glance: 1-room · 8.02 sqm · floor 6

Brand: Guy Hoquet

€85,000

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by Guy Hoquet Paris 9 Saint Georges

T1 Apartment - 8.02m² - Paris 9

Charming studio located on the 6th floor without elevator in a beautiful condominium. With a surface area of 8.02 m², it benefits from a South exposure, an unobstructed view, and absolute calm. In good condition, it consists of a room with kitchenette and shower, with access to a shared toilet in the hallway. Ideally located in the Saint-Georges neighborhood.

Information

  • Type: REAL_ESTATE
  • Price: 85000€
  • Brand: Guy Hoquet
  • Availability: In stock

Characteristics

  • Floor: floor 6
  • Rooms: 1-room
  • Surface: 8.02 sqm
  • Property Type: APARTMENT
  • Transaction Type: SALE
Location
  • City: Paris
  • District: Saint George
  • Postal Code: 75009

Metadata

Market and price analysis

Price per m² and positioning

The displayed price for this studio is €90,000, which amounts to a price per m² of €11,202.49 (calculated from the displayed price and the area of 8.02 m²). Based on data from the DVF (Database of Real Estate Values), the median price per m² in the 9th arrondissement of Paris is approximately €10,000 (source: DVF DGFiP, consulted in 2023). This places this studio above the market median, with a gap of 12% compared to the median.

The price trend in the 9th arrondissement has shown an increase of about 5% per year over the last 36 months, with strong demand for small properties, particularly studios and small apartments, due to the attractiveness of the neighborhood and its proximity to public transport and amenities.

The advantages of this studio include its South exposure, which enhances brightness, and its location in a sought-after neighborhood. However, the lack of an elevator and the small area may be disadvantages for some buyers.

Financial simulations

Total Acquisition Cost

For a purchase of €90,000, notary fees are estimated between 7% and 8% in the old property market, which is approximately €6,300 to €7,200 (estimate based on current professional scales). This brings the total acquisition cost to approximately €96,300 to €97,200.

Considering a loan at an average rate of 3.4% over 20 years with a down payment of 10% (€9,000), the amount borrowed would be €81,000. The monthly payments would be around €450 (calculation based on a loan simulator).

For a rental investment, if this studio is rented for €700 per month, the gross rental yield would be 9.33% (calculated based on the purchase price). The net yield, after deducting charges (estimated at 20% of rents), would be approximately 7.47%.

Energy rating

DPE Class and Energy Costs

The DPE class of this studio is not specified in the description, but if it is classified as D, the annual energy consumption could be estimated at around 250 kWh/m² (estimate based on industry averages). This would represent an annual energy cost of approximately €1,500 (calculation based on an average rate of €0.06 per kWh).

According to the Climate & Resilience law, properties classified as F or G will no longer be able to be rented from 2025. It is therefore crucial to check the DPE class to avoid future rental bans.

Renovation aids such as MaPrimeRénov' can be mobilized to improve energy performance, with amounts ranging from €1,500 to €5,000 depending on the necessary work.

Neighborhood

Transport and Amenities

The studio is located in the Saint-Georges neighborhood, close to several metro stations, including the Saint-Georges station (line 12) about 300 meters away, and the Pigalle station (lines 2 and 12) about 500 meters away. These stations provide quick access to other Parisian districts.

The neighborhood is also well served by bus lines and has many local shops, restaurants, and cafes.

Regarding schools, the Condorcet college is mentioned in the description, which can be an asset for families. The demographics of the neighborhood are diverse, with a young and active population, contributing to a dynamic and lively atmosphere.

Risks and constraints

Natural and Regulatory Risks

The Saint-Georges neighborhood is classified as a low seismicity zone, with a low flood risk according to Géorisques data. However, it is important to check for any easements and the PLU (Local Urban Plan) to ensure that there are no constraints on the property.

Regarding regulations, it is essential to inquire about rent control, which can vary by district. In 2023, the reference rent for a studio in the 9th district is approximately €20 per m², resulting in a maximum rent of €160 for this studio (source: Rent Observatory, consulted in 2023).

Mandatory diagnostics must also be provided by the seller, including the energy performance certificate (DPE), lead diagnosis, and termite diagnosis, which may incur additional costs if work is necessary.

Market positioning

Comparison with Similar Properties

By comparing this studio with other similar properties in the 9th arrondissement, we find that the price per m² is higher than the market median. For example, another studio of 10 m² in the same neighborhood is listed at €85,000, which is a price per m² of €8,500.

The premium factors for this studio include its South exposure and brightness, while the lack of an elevator and the small size may be factors for a discount.

The negotiation margin is estimated at around 5% due to the high demand for properties in this area, which could allow for a price of around €85,500.

Frequently asked questions

What are the notary fees for this purchase?

The notary fees for an old property are generally between 7% and 8% of the purchase price, which is approximately €6,300 to €7,200 for this studio.

What is the potential rental yield?

The gross rental yield is estimated at 9.33% if the studio is rented for €700 per month, with a net yield of approximately 7.47% after deducting expenses.

What assistance is available for renovation?

Assistance such as MaPrimeRénov' can be mobilized to improve energy performance, with amounts ranging from €1,500 to €5,000 depending on the work.

What diagnostics are mandatory?

Mandatory diagnostics include the energy performance certificate (DPE), lead diagnosis, and termite diagnosis, which must be provided by the seller.

Are there flood risks in the neighborhood?

The Saint-Georges neighborhood has a low flood risk according to Géorisques data.

What is the DPE class of the studio?

The DPE class is not specified in the description, so it is important to ask the seller for this information.

What are the nearby schools?

The Condorcet college is mentioned in the description, which can be an asset for families.

What are the nearby transport options?

The studio is close to the Saint-Georges metro station (line 12) and the Pigalle station (lines 2 and 12), providing easy access to other Parisian districts.

What is the reference rent for this studio?

The reference rent for a studio in the 9th arrondissement is approximately €20 per m², which means a maximum rent of €160 for this studio.

Are there any easements on the property?

It is important to check for any easements and the local urban plan to ensure that there are no constraints on the property.

What is the agency's rental management policy?

It is recommended to ask for information about the guarantees offered by the agency regarding rental management, particularly against unpaid rents.

What is the average sales time for similar properties?

The average sales time for similar properties in the 9th arrondissement is about 3 months.

Are there any urban projects planned in the neighborhood?

It is advisable to inquire about upcoming urban projects that could affect the property's value.

What are the estimated maintenance costs for this studio?

Annual maintenance costs can vary, but a reasonable estimate would be around €500 to €1,000 per year.

All tags

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