T-1 Apartment 25 m² for Sale Paris 15 - €262,000, Energy Performance Certificate Not Specified

The listed price of the apartment is €262,000 for an area of 25 m², which corresponds to a price per m² of €10,480 (calculated from the listed price and declared characteristics).

In the Parisian market, the average price per m² for a studio in the 15th arrondissement is around €10,000 (source: DVF DGFiP, 2023). Thus, this apartment is above the market median by 4.8%.

In terms of trend, prices in the 15th arrondissement have increased by about 3% per year over the last 24 months, with a slight stabilization observed in recent months (source: Notaires de Paris, 2023).

The apartment is located in the Convention / Vaugirard district, an area appreciated for its tranquility and proximity to shops and transportation. The advantages of this property include its South-West exposure, providing optimal brightness, and its 7 m² balcony, which is a plus in a studio.

However, the need for repairs in certain areas of the floor could be a point of concern for potential buyers.

For a purchase at €262,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €18,340 to €20,960 (estimate based on current professional scales).

The total acquisition cost would therefore be approximately €280,340 to €282,960.

Considering an average interest rate of 3.4% over 20 years and a down payment of 10% (or €26,200), the borrowed amount would be €235,800.

The monthly payment would be approximately €1,400 (calculated based on current average interest rates).

The total cost of the loan over 20 years would be approximately €335,000.

For a rental investment, if the apartment is rented for €1,000 per month, the gross rental yield would be 4.6% (calculated on the purchase price). After deducting charges and property tax, the net yield could drop to around 4% (estimate based on average public sector data).

The DPE is not specified in the sheet, which is a point of concern. Generally, for an apartment of this size in the 15th arrondissement, one can expect a DPE class between C and D, with an estimated annual energy consumption between €800 and €1,200 (estimate based on average public sector data).

Apartments classified as F or G can no longer be rented since 2025 (Climate and Resilience Law).

If renovation work is necessary to improve the DPE rating, costs can vary between €10,000 and €30,000 depending on the extent of the work (estimate based on current professional rates).

Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to reduce these costs.

The apartment is located near several metro lines, including line 12 (Convention station) and line 6 (Vaugirard station), providing quick access to the center of Paris.

Buses 62 and 70 also serve the area, with a frequency of about 10 minutes during peak hours.

The neighborhood offers a good standard of living with many local shops, restaurants, and green spaces like Georges-Brassens Park.

The neighborhood's demographics are mainly composed of families and young professionals, with a median income of around €36,000 per year (source: INSEE, 2021).

The neighborhood is classified as a low flood risk area (source: Géorisques). However, it is important to check for any easements or constraints related to the building, particularly regarding renovation work.

Mandatory property diagnostics must be provided during the sale, including the energy performance diagnosis (DPE), the state of risks and pollution, as well as asbestos if the building was constructed before 1997. It is advisable to request these documents from the seller to avoid any surprises.