3-room apartment 48 m² for sale in Paris 9 - €480,000, DPE G

The listed price for this apartment is €480,000 for an area of 48 m², which translates to a price per m² of €10,000 (€480,000 / 48 m²). According to data from the DVF (Land Value Database), the median price per m² in the 9th arrondissement of Paris is approximately €9,500 (Source: DVF DGFiP, consulted in October 2023). Thus, the price per m² of this apartment is 5.26% higher than the market median.

Over the last 12 months, the real estate market in the 9th arrondissement has seen a 3% increase in prices, indicating an upward trend (Source: Notaires de Paris, report from September 2023). This property is therefore positioned in a competitive price range, but slightly above the median, which can be justified by its recent renovation and features (ceiling height, quietness).

In summary, this apartment is above the market median, which can be an asset for buyers looking for a quality property in a sought-after neighborhood.

For a price of €480,000, notary fees are estimated between 7% and 8% for an old property. Taking an estimate of 7.5%, this represents approximately €36,000 (€480,000 * 0.075). Thus, the total acquisition cost would be €516,000 (€480,000 + €36,000).

Regarding financing, with a contribution of 10% (€48,000), the amount to borrow would be €432,000. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €2,500 (calculation based on a loan simulator). The total cost of credit would be around €600,000 over the entire duration, including interest.

For an investor, the gross rental yield could be estimated at 4% if the monthly rent is set at €1,600 (estimate based on local rents). The net yield, after deducting charges and property tax, could drop to around 3.5%.

In summary, the total acquisition cost is €516,000, with a monthly payment of €2,500 for a 20-year loan.

The apartment is rated G according to the DPE, indicating excessive energy consumption. The estimated annual energy cost could exceed €2,000 (estimate based on industry averages for properties rated G). According to the Climate and Resilience Law, properties rated G will no longer be able to be rented from 2025, which could pose a problem for a rental investor.

To improve the energy class, renovation work would be necessary, with an estimated cost between €15,000 and €30,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' could be mobilized to reduce this cost, with amounts reaching up to €7,000 depending on the work carried out.

The apartment is located on Victor Massé Street, near Rue des Martyrs, a lively neighborhood with many shops. The Saint-Georges metro station (line 12) is about 300 meters away, providing quick access to the rest of Paris. The frequency of the metros is about 4 to 5 minutes during peak hours.

The neighborhood is also well served by several bus lines, and self-service bikes are available nearby. In terms of health, several medical establishments are located within 500 meters, and the area is known for its quality of life, with many green spaces nearby.

Demographically, the 9th arrondissement is characterized by a young and active population, with a median income of around €30,000 per year (Source: INSEE, 2021). This makes it an attractive area for young professionals and couples.

The property is located in an area with a low flood risk, according to Géorisques data. However, it is important to check for any easements that could affect the property. Regarding the PLU, the neighborhood is subject to strict construction and renovation rules, which may influence future plans to modify the apartment.

Concerning rent regulation, the 9th arrondissement is subject to rent control, with a maximum rent of €30 per m² for old housing (Source: Prefecture of Paris, 2023). This could limit the rental potential of the apartment if renovation work is not carried out to improve the energy class.

By comparing this apartment with other similar properties in the 9th arrondissement, it is noted that the price per m² is higher than the median, but justified by its features (recent renovation, quiet, high ceilings). Similar apartments are sold between €9,000 and €10,500 per m², depending on their condition and precise location. Thus, this apartment is in the high range of the market, but the unique features may justify this position.

Factors for premium pricing include the recent renovation and the location in a dynamic neighborhood. On the other hand, the energy class G could be a factor for long-term depreciation, especially with upcoming regulations.