1 Room Apartment 22 m² for Sale Paris 14 - €184,000

The listed price for this apartment is €184,000 for an area of 22.08 m², which translates to a price per m² of €8,327.

Comparison with the market

• Median price per m² in the 14th arrondissement: Approximately €10,000 (source: DVF DGFiP, 2023).
• Difference from the median: The price per m² of this apartment is 16.7% lower than the market median.

Price trends

• Over the last 12 months, prices in the 14th arrondissement have increased by approximately 3% (source: Notaires de France, 2023).
• Over 36 months, the trend shows an increase of 10%, indicating a growing market.

Property positioning

This apartment is positioned below the market median, making it an attractive choice for investors or first-time buyers.

For the purchase of this apartment, notary fees are estimated between 7% and 8% for an old property.

• Estimated notary fees:
  • 7% of 184,000 € = 12,880 €
  • 8% of 184,000 € = 14,720 €

Loan Simulation

• Loan amount: 184,000 €
• Personal contribution: 10% or 18,400 €
• Amount to finance: 165,600 €
• Average interest rate: 3.4% over 20 years
• Estimated monthly payments:
  • Monthly payment: approximately 1,000 €
  • Total cost of credit: approximately 240,000 € (interest included).

Gross and Net Rental Yield

• Average rent in the area: approximately 800 €/month (source: INSEE, 2023).
• Gross rental yield: (800 € * 12) / 184,000 € = 5.2%.
• Net rental yield (after charges and property tax estimated at 1,200 €/year):
  • Annual rent: 9,600 €
  • Charges and property tax: 1,200 €
  • Net yield: (9,600 - 1,200) / 184,000 = 4.6%.

The Energy Performance Diagnosis (EPD) of this apartment is rated D.

Estimated Annual Energy Consumption

• Consumption: approximately 200 kWh/m²/year.
• Estimated Annual Energy Cost:
  • At an average rate of €0.18/kWh, the cost is approximately €792 per year.

Rental Bans

• According to the Climate and Resilience Law, properties rated F or G can no longer be rented starting in 2025. This property, being rated D, is not affected.

Estimated Renovation Cost to Gain a Class

• To move from D to C, the work may cost between €8,000 and €15,000 (estimate based on current professional scales).

Available Assistance

• MaPrimeRénov': up to €5,000 depending on income.
• Energy Savings Certificates (ESC): variable amount depending on the work.

The apartment is located near the Porte d'Orléans metro station (line 4), about 5 minutes on foot.

Nearby Amenities

• Amenities: Supermarkets, bakeries, and restaurants within 500 meters.
• Schools: Several educational institutions, including Lycée Georges Brassens and École élémentaire Pierre Larousse.

Neighborhood Demographics

• Median Income: Approximately €30,000 per year (source: INSEE, 2023).
• Composition: Young population, with a high proportion of couples and families.

Quality of Life

• Green Spaces: Montsouris Park nearby, offering outdoor activities.
• Air Quality: Generally good air quality index, with moderate noise levels.

Natural Risks

• Floods: Low-risk area according to Géorisques data.
• Seismicity: Low seismicity level (zone 2).

PLU and Zoning

• Local Urban Planning Plan (PLU): The property is located in an urban area, allowing for constructions and renovations in compliance with standards.

Regulatory Context

• Mandatory Diagnostics: Energy Performance Certificate (DPE), state of natural and technological risks, and asbestos if applicable.
• Rent Control: No specific cap in the 14th arrondissement, but to be monitored according to legislative developments.

Positioning Compared to Comparable Properties

• Price per m²: Compared to other studios in the 14th arrondissement, the price per m² of this apartment is below the median.
• Overpricing Factors:
  • Proximity to public transport.
  • General condition of the property.
• Estimated Negotiation Margin: Approximately 5% to 10% depending on buyer interest and competing offers.