FOR SALE BY AMERICAN OWNERS: One-Bedroom Perfect Pied-à-Terre on rue Daguerre, 14th Arrondissement, Steps from RER and Métro Denfert-Rochereau
Well-located on one of Paris’ best market streets, steps from the Métro, RER and bus lines, this pristine, updated one-bedroom apartment is move-in ready. The apartment is on the first floor, with elevator, of a well-maintained 19th-century building and has recently been repainted to look fresh and clean. The entry is on rue Daguerre, but the three large windows of the apartment overlook the quiet side street.
The living/dining room with a window comes with a sofabed, armchair, dining table with four chairs, a small desk and television with stand. The door to this room makes it an ideal additional sleeping space for guests. The bedroom is spacious, has a large window and an en-suite bath with shower, sink and vanity. The toilet is separate. Two single beds can be made into one king-size. An antique armoire and a chest of drawers provides ample storage. The bright kitchen with a window is equipped with cabinets, washer/dryer, microwave and two-burner stove.
All furnishings are included in the purchase price along with an 8m2 cellar. Rue Daguerre is home to many shops selling all of the delicacies that France is famous for. In addition, there is a full Monoprix supermarket on the corner. The apartment is ideal as a pied-à-terre for yourself and doubles as a perfect vacation rental. There is nothing to do, but unpack your bags.
• Two-Room, one-bedroom apartment, 34 m2 Loi Carrez • Principal room with sofa, dining table, desk and TV with stand • Kitchen with stove, microwave, sink, washer/dryer • Ample-size bedroom with en-suite bathroom with shower, sink and vanity • Powder room with toilet • Electric heating • Annual homeowners fees €920, annual taxes total €950 per year • Perfect condition – move-in, rental-ready
For more photos and information, contact the listing agent, John Rule at [email protected] or phone +33 (0) 6 09 95 12 08.
Bonjour French Property Insider Subscriber,
Welcome back from Turkey Day! Hope it was as much fun for you as it was for me!
Just yesterday, someone asked me about the average appreciation of property in Paris. The timing was perfect, because the quarterly report by the Chambre de Notaires de Paris just came out. The good news is that 6% is what is predicted for appreciation from late 2016 to late 2017 based on the trends for the entire Ile-de-France.
What I've witnessed myself is that property in Paris increases between 5% and 10% annually over time, with highs and a couple of insignificant lows, at least since the lowest period in the market in 1998. Whenever we sign an Acte de Vente, if the price paid at the previous sale is noted in the document, which it often is, I do a quick spreadsheet calculation to determine the annual appreciation. (See this online calculator to make it easy.) The chart beginning in 2005 is a clear indication that even my own estimates have been right.
When you purchase a property in France, the closing costs are approximately 7%, therefore if you own the property at least two years, you should experience at least a moderate appreciation. We believe you shouldn't go into the market with a plan to "flip" a property within less than five years, if you can avoid it, and any capital gains tax you pay is just that -- tax on the GAIN. Therefore, losing on an investment in Paris is almost impossible -- that is of course, if you do not over capitalize the property with extensive renovations.
I am personally guilty of this, but only in my Nice apartment. If you think you will own the property a very long time, as I did with this investment, then outfitting it for your own personal pleasure is part of the fun of property ownership. My advice when it comes to investment: don't under estimate the value of your own pleasure! Life is too short!
Here's the latest news from the Ile de France Chambre de Notaires (November 24, 2016):
- 8,300€ per m² in Paris on average
In the capital, the price of apartments at the end of September 2016 reached 8,300€ per m² (up 3.6% in one year).
- Price increases above 5% in 8 Paris districts
The rise in prices is spreading in central Paris with 8 districts with a + 5% annual increase. The districts with the highest increase being the 3rd (+ 8.6%) and the 10th (+ 10%), followed by the 20th (+ 6.6%). Only the 8th district saw prices decline by 1.1% in one year.
-5 districts only less than 8,000€ per m²
While the average price per square meter in the capital is 8,300€ per m², 7 arrondissements have seen their prices surpass the 10,000€ per m² (1st, 2nd, 3rd, 4th, 5th, 6th and 7th). The 4th, 6th and 7th even exceeded 11,000€ per m², the most expensive being the 6th arrondissement at 11,870€ per m².
Note: the price of the most expensive apartment sold in Paris in 3rd quarter 2016 exceeded 20,000€ per m².
- A district below the 7,000€ per m²
The 19th is the only district below the 7,000€ per m² (6,900€ per m²).
The price differential between the most expensive district and the least expensive in Paris is gradually shrinking. There are still only 4,970€ per m² in late September 2016 between them.
- The most expensive area is the Champs-Elysées with 13,790€ per m²
The most expensive neighborhoods of Paris are the Champs-Elysées (8th) with 13,790€ per m², St. Thomas Aquinas (7th) with 13,640€ per m², Saint-Germain-des-Prés (6th) with 12,840€ per m² and Odéon (6th) with 12,390€ per m².
- The cheapest area is Pont de Flandre with 6,330€ per m²
The least expensive districts of Paris are Pont de Flandre and America (19th) with 6,330€ per m², followed by La Goutte d'Or and La Chapelle (18th) with 6,410€ per m², and La Villette (19th) with 6,620€ per m².
Of the 80 districts that make up the capital, only 6 are still below the 6,000€ per m², a still higher price than the price per m² of the average Paris apartment (5,440€).
- 6% annual rise in prices in Paris in January 2017
According to the leading indicators of the Paris notaries, the price increase is expected to continue in the capital in the coming months. Thus the price per square meter record in the capital of 8,460€ in 2012 should be exceeded in late January, 2017 (8,500€ per m² expected), an increase of 6.2% in one year.
- 10,000 existing homes sold in 3 months in Paris
As elsewhere in the region, the Parisian real estate market has confirmed its momentum in 3rd quarter 2016. 10,400 existing homes were sold in the capital between July and September 2016, an increase of 11% year to year.
- 8% of buyers in the capital are foreign nationals
In Paris, the share of foreign nationality buyers amounts to 7.9%. They are particularly present in the 4th district (20.4% of buyers), in the 6th district (14.4%), in the 5th (12.2%) and in the 16th (12.1%).
In 2016, the most represented nationalities among the Parisian buyers are Italians and Chinese.
If you were to ask me where to buy in Paris...that's still a tough question. Everyone I know loves where they live! The answer is based on your own needs and goals:
Do you want to:
* maximize your investment? * minimize your risk? * live in central Paris? * successfully rent your property for maximum revenues? * be surrounded by residents rather than transients?
I must say, however, that I'm not unhappy to be an owner in the 3rd district, where prices increased the most, in the central part of the city, one of the oldest areas (Le Marais), that is eclectic and somewhere between bohemian and chic! I didn't plan it that way -- it was just "par hazard," but I'm not complaining!
Le Petit Bretagne studio, is located on the quiet courtyard of a very charming 18th-century building in the heart of Le Marais. There isn't an apartment in Paris more charming and cheerful...ask all who have had the pleasure of staying here. It is completely equipped in spite of its size with a queen size bed that converts to twin beds, a washer/dryer, espresso maker, microwave, toaster-oven, two-burner ceramic stove, refrigerator, high speed Internet with WiFi, flat screen TV, DVD player, stereo, free(!) long distance phone service and more!
FREE one-hour consultation! Guests of the Adrian Leeds Group apartments who are considering the purchase of their own "pied-à-terre" for pleasure and profit, can take advantage of a free one-hour consultation while enjoying the apartment in the City of Light or on the Riviera. Simply complete the request form to book your consultation.
Copyright 2016 Adrian Leeds® Adrian Leeds Group® adrianleeds.com PAdrian Leeds® is a registered trademark in France. INPI: March 10, 2006, #063416238. Adrian Leeds Group® is a registered trademark in France. INPI: December 22, 2014, # 14/4144068. Anyone using these brand names or any kind of advertising without permission may be prosecuted. AdrianLeeds.com, AdrianLeedsGroup.com and AdrianLeedsEnterprises.com are reserved domains for exclusive use of Adrian Leeds® and Adrian Leeds Group®.