T1 Apartment 11.18 m² for Sale Paris 11 - €170,000, DPE D

The price of the apartment is €170,000 for an area of 11.18 m², which gives a price per m² of €15,227 (calculated from the displayed price and declared characteristics).

In the 11th arrondissement of Paris, the median price per m² for an apartment is around €10,500 (source: DVF DGFiP, 2023). Thus, this apartment is above the market median by 45%.

Over the last 12 months, prices in the 11th arrondissement have increased by about 5% (source: Notaires de Paris, 2023). Small-sized apartments, like this T1, are particularly sought after by investors and first-time buyers, which may justify this high valuation.

For the purchase of this apartment at €170,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €11,900 to €13,600 (estimate based on current professional scales).

The total acquisition cost would therefore be €181,900 to €183,600.

Considering a loan at an average current rate of 3.4% over 20 years with a down payment of 10% (€17,000), the monthly payments would be around €800 (calculation based on current interest rates).

Gross and Net Rental Yield

If this apartment is rented at a monthly rent of €800, the gross rental yield would be 5.6%. After deducting charges and property tax, the net yield could be around 4.5%.

The apartment has a DPE class of D with an energy consumption of 173 kWh/m²/year. The annual energy cost is estimated between €440 and €610 (estimate based on average public sector data).

Rental Bans

According to the Climate & Resilience law, properties classified as F or G can no longer be rented starting in 2025. This apartment, being classified as D, is not subject to this ban.

Renovation Cost

To improve the energy class to C, renovation work could cost between €10,000 and €20,000 (estimate based on current professional scales). Assistance such as MaPrimeRénov' could be available to reduce this cost.

The apartment is located near Boulevard Voltaire, well served by public transport. The nearest metro stations are Faidherbe-Chaligny (line 8) and Bastille (lines 1, 5, and 8), within 10 minutes on foot.

The neighborhood is vibrant with many shops, restaurants, and health services nearby. The demographics of the 11th arrondissement are diverse, with a median income of around €2,200 per month (source: INSEE, 2023).

Quality of Life

The neighborhood is known for its quality of life, with several green spaces such as Parc de la Villette and Parc des Buttes-Chaumont nearby. Noise disturbances are moderate, and the air is generally of good quality.

The neighborhood is classified as a low seismicity zone (zone 1) and does not present significant flood risks (source: Géorisques, 2023).

PLU and Zoning

The Local Urban Planning (PLU) of the 11th arrondissement imposes strict rules regarding constructions and renovations. It is advisable to check for any easements before any project.

Mandatory Diagnostics

Energy performance diagnostics (DPE) and asbestos assessments are mandatory during the sale. The DPE of this apartment is up to date, but it is advisable to request the other diagnostics from the seller.

This T1 apartment is positioned above the market median in the 11th arrondissement.

Advantages

• Quiet and bright: Located on the 2nd floor with no overlooking.
• Proximity to transport: Easy access to metro lines.
• General condition: Well-maintained with modern facilities.

Disadvantages

• Reduced area: 11.18 m², which may limit its appeal to some families.
• High price: Above the median, which may deter some buyers.

Negotiation margin

Given the demand in the area, the negotiation margin could be limited, estimated at 5% due to the high demand for small spaces.