2-room apartment 66 m² for sale Paris 13 - €599,000

The listed price for this apartment is €599,000, which corresponds to a price per m² of €9,065.15 (calculated from the listed price and the area of 66 m²). According to data from the DVF (Database of Real Estate Values), the average price per m² in the 13th arrondissement of Paris is around €8,500 (source: DVF DGFiP, 2023). This places this apartment above the market median, with a difference of 6.67%.

Over the last 12 months, the real estate market in the 13th arrondissement has seen a price increase of about 3.5% (source: Notaires de France, 2023). High-end properties, like this one, tend to sell more quickly, on average within 3 to 4 months, due to sustained demand in this area, particularly near transport and shops.

In summary, this apartment positions itself as a high-end property in a growing market, attracting mainly buyers looking for comfort and proximity to amenities.

For a purchase at €599,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €41,930 to €47,920 (estimate based on current professional scales). The total acquisition cost would therefore be between €640,930 and €646,920.

Regarding financing, with a contribution of 10% (€59,900), the amount to be financed would be €539,100. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €2,900 (calculated based on current interest rates and standard loan conditions).

For a rental investor, the gross yield would be calculated based on an estimated monthly rent of €2,200 (estimate based on local rents), resulting in a gross yield of approximately 4.4%. After deducting expenses and property tax, the net yield could be around 3.5%.

The apartment is classified as DPE D, which indicates an estimated annual energy consumption of about 180 kWh/m² (source: DPE 2023). The annual energy cost is therefore estimated at around €1,200 (calculation based on an average rate of €0.15/kWh).

According to the Climate & Resilience Law, apartments classified as D or lower will no longer be able to be rented out starting in 2025. This may require renovation work to improve the energy class. Available aids for renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €2,000 to €10,000 depending on the work to be done (estimate based on current professional scales).

The apartment is located near the Gobelins metro station (line 7) and the Butte-aux-Cailles, facilitating access to public transport. The frequency of the metros is about 5 minutes during peak hours. The neighborhood also offers a variety of shops, restaurants, and schools, with academic results generally above average (source: INSEE, 2023).

The neighborhood's demographics show a median income of about €30,000 per year, with a predominantly young and dynamic population. The nearby Square René Le Gall is a green space popular with families, contributing to the quality of life in the area. Urban projects are underway to further enhance the attractiveness of the zone, including building renovations and the development of new public spaces.

The neighborhood is classified as a low-intensity flood zone (source: Géorisques, 2023), which represents a moderate risk for homeowners. The Local Urban Planning Plan (PLU) imposes strict rules regarding renovations and extensions, which could limit certain future modifications of the apartment.

Regarding rental regulations, the rent control law is applicable in this area, with a rent ceiling set at €24.50/m² (source: Prefecture of Paris, 2023). Mandatory diagnostics, such as the Energy Performance Certificate (DPE) and the risk assessment, must be provided at the time of sale. The buyer's rights include a 10-day withdrawal period after signing the sales agreement, which is a point to consider for potential buyers.

This apartment is positioned above the market median, with a price per m² of €9,065.15, while the median for similar apartments in the 13th arrondissement is around €8,500. The advantages of this apartment include its location in a well-maintained building, its brightness, and the presence of an elevator. On the other hand, the disadvantages could be the energy class D, which may require renovation work to meet upcoming new standards.

The estimated negotiation margin is around 5% to 7%, depending on buyer interest and the duration of the sale.