Paris-Isle of France, Paris

A46582DPE75 - Other highlights of this neighbourhood include its ‘village-like’ atmosphere in the heart of Paris – often described as one of the few places in the city centre to have retained a genuine sense of community – and it remains a mecca for Parisian gastronomy. There is a constant buzz of activity, with restaurants, bars, artisan bakeries, delicatessens, concept stores, galleries… and Rue Montorgueil with its year-round market. There are still a few historic shops and some of the street’s traditional trade, but the area’s image today is far more upmarket than it was twenty years ago. The property potential for a well-renovated flat in this charming, historic building generally offers: excellent resale potential; strong demand both as a main residence and as a second home; and good long-term appreciation.

Investment corner :
The rental value for this type of property ranges from €40.10/m² (reference rent) to €48.10/m² (increased reference rent) (ref: DRIHL), i.e. €2,380 excluding service charges, representing a projected gross yield of 5.44 per cent. Total freehold shares: 17/1,045th.

Features : Upper floor, in need of modernisation, separate kitchen, east/west-facing, flexible layout with the option to create a separate bedroom by moving the kitchen into the large living room, 2.48 m ceiling height, plenty of cupboards and storage space, individual electric heating, 5 double-glazed windows refurbished in 2024, as part of the bathroom refurbishment a standard toilet is to be connected to an existing 75-diameter drain (or 100 mm), 5th floor of 7, two flats on this floor, secure building (caretaker + Vigik security system + intercom/digital code and reinforced door), very friendly neighbourhood with no anti-social behaviour, lift renovated in 2024, high-speed fibre-optic broadband in the building, bicycle storage area in the courtyard, service charges €162/month including caretaker + cold water + lift, maintenance fund of €7.32 / month (total: €184.32 per month), property tax €796 / year, freehold and no building renovation voted or planned, most recent works : lift in 2024, communal areas in 2022, all façades in 2017, roof in 2003, ideal as a first home, a second home or an investment.

Details of floor areas for the properties included in the price:
- Flat No. 163: 49.47 sqm= 10,613 euros/m²
Details for the 7th floor : Entrance hall - Kitchen 12.62 sqm; Living room 32.50 sqm; Bathroom/WC 4.35 sqm

Situated in the heart of the Bonne Nouvelle district, this 7-storey building (including ground floor) with a lift was built around 1850 and comprises 13 flats. It stands on a 605 m² plot, situated 125 metres from the Etienne Marcel metro station (Line 4) and 240 metres from the Réaumur-Sébastopol metro station. Châtelet-les-Halles is 380 metres away for RER lines A, B and D. The property falls within the catchment area of César Franck secondary school, 430 metres away. A Vélib’ station is just a stone’s throw away.

2nd Arrondissement - Paris somewhat under-appreciated 2nd arrondissement harbours attractions most tourists never see, including the medieval Jean-Sans-Peur tower, one of the best open streets market in the city, the historic movie theatre, club and concert hall Le Grand Rex and Place des Victoires, a favourite destination for shopping in trendy boutiques. Located on the right bank of the River Seine, the 2nd district, houses the city's most dense concentration of business activities. The arrondissement contains the former Paris stock exchange, a large number of banking headquarters as well as the textile district, known as the Sentier. It is also the home of most of Paris's surviving 19th-century glazed commercial arcades. At the beginning of that century most of the streets of Paris were dark and muddy and lacked sidewalks. A few entrepreneurs copied the success of the Passage des Panoramas and its well-lit, dry and paved pedestrian passageways. By the middle of the 19th century there were about two dozen of these commercial malls, but most of them disappeared as the Paris authorities paved the main streets, added sidewalks and gas street lighting. The commercial survivors are – in addition to the Passage des Panoramas – the Galerie Vivienne, the Passage Choiseul, the Galerie Colbert, the Passage des Princes, du Grand Cerf, du Caire, Lemoine, Jouffroy, Basfour, du Bourg-L'abbé, and the Passage du Ponceau.