T2 Apartment 52 m² for Sale in Paris 11 - €550,000, Energy Rating D

The displayed price for this apartment is €550,000, which corresponds to a price per m² of €10,577 (calculated from the displayed price and the declared characteristics). In the Paris market, the average price per m² for apartments in the 11th arrondissement is around €10,000 to €11,000, placing this property in the high range of the market. Over the last 12 months, prices in the 11th arrondissement have seen an increase of about 3% compared to the previous year (source: Notaires de Paris).

This apartment is located in the Parmentier/Richard Lenoir area, a sought-after neighborhood for its proximity to public transport and amenities. The property stands out for its brightness, tranquility, and the presence of a non-passing garden, which is an asset in an urban environment. Compared to similar properties, this apartment is slightly above the market median, justifying its price with quality features.

For a purchase of €550,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €38,500 to €44,000 (estimate based on current professional scales). The total acquisition cost would therefore be between €588,500 and €594,000.

Considering a down payment of 10% (€55,000) and an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €2,500 (calculated based on current average rates). The total cost of interest over the duration of the loan would be approximately €90,000.

If this apartment is rented, with an estimated rent of €1,800 per month, the gross rental yield would be 3.9% (calculated from the annual rent divided by the purchase price). After deducting charges and property tax, the net yield could drop to around 3.2%.

The property is classified DPE D, with an energy consumption of 194 kWh/m²/year. The annual energy cost is estimated between €830 and €1,130 (estimate based on consumption data and energy rates).

To improve the energy class to C, renovation work would be necessary, estimated between €15,000 and €25,000 (indicative range based on current professional scales). Available aids include MaPrimeRénov' and Energy Savings Certificates (CEE).

The Parmentier/Richard Lenoir neighborhood is well served by public transport, including metro lines 3 (Parmentier) and 5 (Richard Lenoir), as well as several bus lines. The proximity to local shops, restaurants, and schools makes it a pleasant place to live. The metro station is less than a 5-minute walk away.

The 11th arrondissement is characterized by a young and dynamic population, with a median income of around €30,000 per year (source: INSEE). The neighborhood offers a valued quality of life, with many green spaces and a friendly atmosphere. However, the population density can lead to noise disturbances at certain hours.

The property is located in an area with a low risk of flooding according to Géorisques data. However, it is important to check for any easements and the PLU (Local Urban Planning) that may affect the property.

Mandatory diagnostics include the energy performance certificate (DPE), lead diagnosis, and termite diagnosis. It is recommended to request the latest updated diagnostics before purchasing to avoid surprises. Additionally, rent control in the 11th arrondissement may impact future rental income.

By comparing this apartment with other similar properties in the 11th arrondissement, it appears that the price is slightly above the market median. 2-room apartments in this area generally sell for between €500,000 and €550,000, depending on the characteristics and condition of the property (source: Notaires de Paris). The advantages of this apartment, such as the brightness and the garden, justify this position.

The negotiation margin for this apartment could be estimated at around 5% depending on market interest and competing offers. This means that a buyer could potentially negotiate the price to around €522,500.