11m² Parking Space for Sale in Paris 15 - €34,000

The sale price of the parking space is €34,000, which corresponds to a price per m² of €3,090.91 (calculated from the displayed price and the declared characteristics). In the 15th arrondissement of Paris, the average price of parking spaces ranges between €2,500 and €4,500 depending on the location and characteristics. Thus, this space is situated in the high end of the market, which can be justified by its proximity to the Volontaires metro station.

Based on average public data from the sector, the price of parking spaces has increased by about 5% over the last 12 months. This trend may continue due to the growing demand for parking solutions in densely populated urban areas like Paris.

For comparison, the market median for similar spaces in the 15th arrondissement is around €30,000, indicating that this property is slightly above the median, but justified by its characteristics and location.

For the purchase of this parking box, notary fees are estimated between €2,380 and €2,720 (approximately 7-8% of the purchase price, calculated based on current professional scales). Thus, the total acquisition cost would be approximately €36,720 to €36,740.

If financing is considered, with a contribution of 10% (€3,400), the amount borrowed would be €30,600. At the current average rate of 3.4% over 20 years, the monthly payments would be approximately €1,700 (calculation based on a loan simulator).

The gross rental yield can be estimated at around 5% if the box is rented for €150 per month, which would give a net yield after charges of 4.5%.

The Energy Performance Diagnosis (DPE) is not specified in the source sheet. However, for a parking space, annual energy costs are generally low, often around €100 to €200 per year for lighting and ventilation, an estimate based on average public sector data.

Regarding renovations, there are no rental prohibitions related to the Climate & Resilience law for this type of property, as the requirements mainly apply to residential housing. The aids available for energy improvement works do not apply in this case.

The parking space is located in immediate proximity to the Volontaires metro station (line 6), providing quick access to the Paris transport network. The distance to the station is approximately 200 meters, or about 3 minutes on foot.

The neighborhood is also well-served by several bus lines, making travel easier. In terms of amenities, the area has various shops, restaurants, and local services, contributing to a pleasant quality of life for residents.

The neighborhood's demographics are characterized by a mixed population, with a majority of young professionals and families. The median household income in the 15th arrondissement is around €3,000 per month, reflecting a relatively high purchasing power.

Regarding natural risks, the 15th arrondissement is classified as having a low risk of flooding and seismic activity, according to data from Géorisques. Parking regulations in Paris impose constraints on the use of spaces, particularly concerning dimensions and access.

It is important to check for any easements that may affect access to the garage. In terms of regulation, there is no rent control applicable to this type of property, as it is not a dwelling. The mandatory diagnostics for this type of property are limited, but it is recommended to request an inventory to ensure the safety and compliance of the garage.

When comparing this parking space with other similar properties in the 15th arrondissement, it appears that the price of €34,000 is higher than the market median, which is around €30,000. However, features such as easy access and security may justify this premium.

Negotiation factors could include the general condition of the space and the current demand for parking spaces in the area. An estimated negotiation margin could be 5 to 10%, depending on the interest of potential buyers.