The project Appartements Paris 13ème by Bricks

Review of the project Appartements Paris 13ème by Bricks

Review's score :

This review is proposed by Hélène Mayet on 13/03/2024

⏰ The project starts on 11/03/2024 12h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Analysis of the Paris 13th Apartments Project by Bricks - Reviewed by Hélène Mayet

Project scheduled for 11th March 2024 at 12:00:00

Overall opinion: Great project with a very interesting guarantee, located in the heart of Paris. So many advantages in this project! I'm in, are you?

Project Overview

Type of project: Purchase - renovation/construction - resale

Amount to be financed: 957,000 EUR

Repayment: In fine for capital, 1 month for interests.

Financing for the acquisition and renovation of a commercial space to be converted into two apartments, with the purpose of later reselling them.

Strengths and Weaknesses

Strengths:

Rental yield of 11% - high return
Loan to Sale (LTS) ratio of 64% - low
First-rank mortgage guarantee
Optimistic scenario margin of 44%
Realistic duration for the refurbishment work

Weaknesses:

Operator's commitment at 8% - low
Operator's other project has a high debt ratio
Street and neighborhood prices in a slight decline
Complex construction works

Warning:

Operator's financial health not fully established
Loss for the platform data not available

Location and Surroundings

The project is located in the Paris 13th district, close to Chinatown and the Luxembourg Gardens. The neighborhood offers various amenities such as the Francois Mitterrand Library, shopping centers, theaters, cinemas, and is near the Seine river banks. Conveniently situated near transportation hubs and healthcare facilities.

Conclusion

In conclusion, the Paris 13th Apartments Project seems promising with its high rental yield, favorable loan ratios, and strategic location. However, some caution is advised due to the operator's limited commitment and the slightly declining local property prices. Overall, it appears to be a solid investment opportunity for those looking to capitalize on the Parisian real estate market. Don't miss out on this exciting project!

If you're interested, you can invest with a 1% bonus using the referral code MARMEG30. Click here to get started!

Historial rates of return Bricks

Investor votes results for the project: Appartements Paris 13ème

50 voters
👎50% 👍18% 🤷18% 🏳️14%
To vote :

Hélène Mayet
My name is Hélène Mayet, I am an HR Assistant, I also have a self-employed English course business at home. My investments started in 2020 with shares on the stock market. Little by little I became interested in ETFs, particularly on the S&P500 and in real estate. While researching real estate and its opportunities, I discovered Crowdfunding in which I began to invest in 2022. I mainly invest in La Première Brique and Upstone.