2 Room(s) Apartment for Sale in Paris 18E Arrondissement

Property Description

Other advantages of this rapidly developing neighbourhood, which benefits from a lively and convenient environment, include good transport links and access to various green spaces such as the Square Maurice Kriegel-Valrimont. This area offers attractive potential for capital appreciation thanks to urban regeneration projects and the ongoing redevelopment of northern Paris. It attracts first-time buyers and an increasing number of investors thanks to a return on investment that exceeds the Parisian average, due to prices that are still lower than those in many other Parisian neighbourhoods.

Investment corner :
The rental value for this type of property with a terrace ranges from a reference rent of €27.10/m² to a higher reference rent of €31.50/m² (ref. DRIHL), i.e. €18,000 excluding service charges, representing a projected gross yield of 4.50 %t. Ideal for a shared flat with 2 potential bedrooms, offering an increased income of between 17% and 25%.

Features : High floor, in need of modernisation, separate kitchen, east/north/east-facing, sunny with large bay windows overlooking the terrace, flexible layout with the potential to create a second bedroom, 2.50 m ceiling height, plenty of cupboards and storage space, 9th floor of 10, three flats on the floor, secure building (Vigik + intercom/digital code and reinforced door), very friendly neighbourhood with no anti-social behaviour, lift compliant with current standards, high-speed fibre-optic broadband, bicycle storage area in the courtyard, service charges €105 per month including maintenance of communal areas + cold water and lift, central heating €57 per month; maintenance fund €8.50 per month (total: €170.50 per month); freehold and no building renovation voted or planned, last building works done : building front door and access code in 2026, roof terrace in 2021, guttering in 2026, lift in 2003, heat distributor and gas boiler from 2016, property tax €1,207 per year, ideal as a first home, a second home or an investment, may be suitable for people with reduced mobility.

Details of floor areas for the units included in the price:
- Apartment No. 37: Weighted area 57.33 m² = 8,372 euros/m²
- Total living area: 50.5 m² (living space); 50.5 m² (Carrez); 20.50 m² terrace
Details of the 9th floor: Hallway 3.08 m²; Kitchen 9.08 m²; Living room 17.75 m²; Bedroom 11.99 m²; Bathroom 8.15 m²
- Cellar No. 79: 2.50 m² valued at 2,000 euros/m²

Built over 10 floors, this 1958 property is located in the area of Clignancourt and includes 39 property. The residence is built on a plot of 404 m2 located 150m away from Porte de Clignancourt metro station (L4). Self-service bike system Velib nearby.

18th arrondissement - Located on the Right Bank of the Seine River, is one of the most popular areas of Paris, hosting the district of Montmartre, which contains a hill dominated by the Sacre Coeur basilica, as well as the famous Moulin Rouge. Thanks to its sweeping viewpoints, art-drenched history and charming, village-like streets, the district attracts many visitors and colourful street artists. Some of the world’s greatest artists lived here, notably Picasso, Matisse, Max Jacob, Utrillo and Renoir. The area also includes the lively neighbourhoods such as Barbes and its bustling markets. Countless articles have been written about what's hip, new and happening about this fading Red Light district slowly replaced by a BoBo crowd (bourgeois bohemian). The area main sights and attractions includes the Montmartre Neighbourhood, Montmartre Cemetery, Place des Tertres, Le Moulin de la Galette (real windmill and the subject of a painting of the same name by Renoir), Dali Museum…