T3 Apartment - 44.61m² - Paris 15 — 3-room, 44.61 sqm, 2 bedrooms
Real Estate Available

3-room apartment 44.61 m² for sale Paris 15 - €486,000

At a glance: 3-room · 44.61 sqm · 2 bedrooms · floor 2

Brand: Orpi L'Agence Félix Faure

€486,000

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by ORPI L'Agence Félix Faure

T3 Apartment - 44.61m² - Paris 15

Located on Letellier Street, this 44.61 m² apartment on the 2nd floor with elevator features a pleasant living room, two interconnecting bedrooms, a bathroom, and separate toilets. Refreshment work is to be expected. Ideal for a Parisian pied-à-terre or a rental investment. Close to transport and shops.

Information

  • Type: REAL_ESTATE
  • Price: €486,000
  • Brand: Orpi L'Agence Félix Faure
  • Availability: In stock

Characteristics

  • Floor: floor 2
  • Rooms: 3-room
  • Surface: 44.61 sqm
  • Bedrooms: 2 bedrooms
  • Features: elevator, cellar
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Class: C
  • Dpe Value: 135
  • Ges Class: C
  • Ges Value: 28
  • Is Exempt: No
  • Estimated Annual Cost Max: 950
  • Estimated Annual Cost Min: 660
Location
  • City: Paris
  • Postal Code: 75015

Metadata

Market and price analysis

Price per m² and comparison

The price of the apartment is €486,000 for an area of 44.61 m², which is a price per m² of €10,900 (€486,000 / 44.61 m²). According to data from the DVF (Land Value Database), the median price per m² in the 15th arrondissement of Paris is around €10,500 (source: DVF DGFiP, 2023). The apartment is therefore slightly above the market median, which can be explained by its location close to transport and shops. Over the last 12 months, the price per m² has increased by about 5% in the area, indicating an upward trend (source: Notaires de Paris, 2023).

Property Positioning

This apartment is located in a lively and commercial area, making it an attractive property for first-time buyers and investors. Features such as the proximity to the Motte-Picquet metro station and the presence of a cellar add value to the property. However, some refreshing work is to be expected, which could influence the purchase decision for some buyers.

Financial simulations

Total Acquisition Cost

For a purchase at €486,000, notary fees are estimated between 7% and 8% in the old market, which is approximately €34,020 to €38,880 (estimate based on current professional scales). The total acquisition cost amounts to approximately €520,020 to €524,880.

Loan Simulation

With a down payment of 10% (€48,600), the amount to be financed would be €437,400. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €2,500 (calculated from the borrowed amount and the interest rate). The total cost of the loan would be approximately €600,000 over 20 years.

Rental Yield

If this apartment is rented out, with an estimated average rent of €1,800 per month (estimate based on average rents in the 15th arrondissement), the gross rental yield would be around 4.4% (calculated based on the purchase price). The net yield, after deducting charges and property tax, could be around 3.5%.

Energy rating

DPE Class and Consumption

The DPE of the apartment is classified as D, which indicates an energy consumption of 151 to 230 kWh/m²/year. The estimated annual energy cost for this apartment would be around €1,200 (calculation based on average consumption and energy price).

Rental Bans

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

Mobilizable Aid

Aid such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized for renovation work. The amounts vary, but can reach up to €20,000 for a complete energy renovation.

Neighborhood

Nearby Transportation

The apartment is located near the Motte-Picquet metro station (line 6) and several bus lines. The frequency of the metros is about 5 minutes during peak hours, making it easy to access the center of Paris.

Amenities and Services

The neighborhood offers numerous shops, restaurants, and services. Commerce Street, nearby, is known for its boutiques and lively atmosphere. Schools and healthcare facilities are also within walking distance.

Neighborhood Demographics

The 15th arrondissement of Paris has a population of approximately 240,000 inhabitants, with a median household income of around €36,000 per year (source: INSEE, 2021). This dynamic demographic contributes to the vitality of the neighborhood.

Risks and constraints

Natural Risks

The neighborhood is classified as having a low risk of flooding according to Géorisques data. No major seismic risk is reported in this area.

Regulation and Local Urban Planning

The Local Urban Planning (PLU) of the 15th arrondissement imposes certain constraints on renovation work. It is advisable to consult the PLU before undertaking any work.

Mandatory Diagnostics

Energy performance diagnostics (DPE) and the state of natural and technological risks (ERNMT) are mandatory when selling. Ensure that these documents are up to date.

Market positioning

Comparison with Similar Properties

Compared to other 3-room apartments in the 15th arrondissement, this apartment is above the median price, which is around €10,500 per m². The advantages include its proximity to transport and shops, while the disadvantages are the work to be planned.

Negotiation Margin

Given the listed price and the current market trend, a negotiation margin of about 5% could be considered, especially if work is needed.

Frequently asked questions

What are the notary fees for this purchase?

The notary fees for a purchase in the resale market are generally between 7% and 8% of the purchase price, which is approximately €34,020 to €38,880 for this apartment.

What is the amount of monthly charges?

The amount of monthly charges is not specified; it is advisable to ask the seller or the agency for this information.

Are there any renovations to plan?

Yes, renovation work is to be expected according to the description of the apartment. It is recommended to schedule a visit to assess the extent of the work.

What is the energy class of the apartment?

The apartment is rated D in terms of energy performance, which indicates moderate energy consumption.

What amenities are nearby?

The apartment is located near many shops, restaurants, and services, as well as public transportation.

Is there a risk of flooding in the neighborhood?

The neighborhood is classified as low risk of flooding according to Géorisques data.

What diagnostics are mandatory?

Energy performance diagnostics (DPE) and the state of natural and technological risks (ERNMT) are mandatory when selling.

What is the population of the neighborhood?

The 15th arrondissement of Paris has a population of approximately 240,000 inhabitants, with a median household income of about €36,000 per year.

What is the estimated rental yield?

The gross rental yield is estimated at around 4.4% based on an average rent of €1,800 per month.

How does the buying process work?

The buying process involves signing a sales agreement, paying a deposit, and carrying out mandatory diagnostics before signing the authentic deed at the notary.

What assistance can be mobilized for work?

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized for renovation work.

What financing options are available?

Financing options include traditional mortgage loans, zero-interest loans, and homeownership assistance programs.

Are there any restrictions on renting?

No, the apartment is classified as D, so it is not subject to the rental restrictions set by the Climate and Resilience law.

All tags

elevator cellar to refresh bright near metro lively neighborhood shops nearby rental investment pied-à-terre 2 bedrooms bathroom separate WC old well maintained quiet sale for sale purchase apartment apartment sale apartment for sale apartment purchase T3 F3 3 rooms 3-room apartment T3 apartment 2-bedroom apartment 45m² 45 m² 45m2 30 to 50m² 45m² apartment T3 45m² apartment Paris Paris apartment Paris apartment sale Paris apartment for sale Paris apartment purchase sale Paris for sale Paris purchase Paris T3 Paris 3 rooms Paris T3 apartment Paris 75015 Paris 75015 department 75 Paris 75015 apartment DPE C

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