2-room apartment 34 m² for sale Mimizan - €229,000

The listed price for this apartment is €229,000 for an area of 34 m², which gives a price per m² of €6,676/m².

By comparison, the median price of apartments in Mimizan is around €4,000/m² according to DVF (Land Value Data) for 2023. This means that this apartment is offered at a price 66.9% higher than the market median.

Over the last 12 months, apartment prices in Mimizan have shown an upward trend, with an increase of about 5% compared to the previous year. This trend is supported by the growing demand for seaside properties, particularly for second homes or rental investments.

In terms of positioning, this apartment stands out for its sea view and immediate proximity to the beach, which may justify the higher price compared to other similar properties in the area.

For a purchase at €229,000, notary fees are estimated between 7% and 8% for an older property, or about €16,030 to €18,320.

The total acquisition cost would therefore be approximately €245,030 to €247,320.

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (€22,900), the borrowed amount would be €206,100.

Monthly payments would be around €1,155 per month, excluding insurance.

For a rental investment, if we consider a monthly rent of €1,200 (estimate based on market prices for similar apartments), the gross rental yield would be 6.3%. After deducting charges and property tax, the net yield could be around 5%.

The apartment is classified DPE D, indicating moderate energy consumption. The estimated annual energy cost for an apartment of this size could be around €1,200 per year, depending on consumption habits and energy rates.

According to the Climate & Resilience law, apartments classified DPE F or G can no longer be rented starting in 2025. This apartment, being classified D, should not be affected by this ban.

To improve the DPE class, energy renovation work could be considered, with an estimated cost between €5,000 and €15,000, depending on the scope of the work. Assistance such as MaPrimeRénov' or Energy Savings Certificates (CEE) could be mobilized to reduce the cost of the work.

The apartment is located in immediate proximity to Mimizan beach, making it a prime location for seaside enthusiasts.

Public transport is accessible with regular bus lines to neighboring towns. The city center of Mimizan, with its shops, restaurants, and services, is about 1 km away, or a 15-minute walk.

Regarding educational institutions, Mimizan has several primary schools and a middle school, with satisfactory academic results.

The demographics of Mimizan are characterized by a population of about 7,500 inhabitants, with a median income of around €22,000 per year, reflecting a pleasant and family-friendly living environment.

Urban projects nearby include improvements to road infrastructure and the creation of green spaces, which could further enhance the neighborhood in the coming years.

Mimizan is located in a coastal zone, which exposes the property to risks of coastal erosion and flooding. According to the Géorisques site, the flood risk is moderate in this area. It is advisable to consult urban planning documents to verify construction and development rules.

The Local Urban Plan (PLU) of Mimizan should be consulted to know the applicable construction and development rules.

Regarding rental regulations, it is important to note that rent control is not yet in effect in this municipality, but this could change in the future. Mandatory diagnostics must be provided during the sale, including the DPE, risk assessment, and living area.

By comparing this apartment with other similar properties in the region, it appears that the price per m² of €6,676 is higher than the market median.

2-room apartments in Mimizan generally sell between €3,500 and €5,500 per m², depending on their condition and location.

Factors contributing to the premium for this apartment include its sea view, balcony, and immediate proximity to the beach. On the other hand, drawbacks could be the lack of living space compared to individual houses in the area.

The negotiation margin is estimated at around 5% to 10%, depending on buyer interest and the duration of the sale.

https://media.studio-net.fr/biens/33987556/x6abbc4dd53116 The photo shows a covered balcony with a view of the ocean. The balcony is equipped with a wooden table and two folding wooden chairs. In the background, the beach and the sea can be seen, as well as urban furniture elements like streetlights. Natural light is present, indicating a sunny day. The walls of the balcony are painted white, and the floor is wooden. The awning is visible on the right side, allowing light modulation. The overall atmosphere is calm and conducive to relaxation. https://media.studio-net.fr/biens/33987556/x6abbc4dd5311e This image presents a bright living room. On the left, a light-colored sofa is adorned with cushions. A wooden storage unit is visible, as well as a dining table with a striped tablecloth. An armchair is also present, and a fan is placed on the floor. The room is illuminated by natural light coming from a large bay window that opens onto the balcony. A television is installed on a unit to the right. The walls are painted white, and the floor is tiled, contributing to a modern and welcoming atmosphere. https://media.studio-net.fr/biens/33987556/x6abbc4dd53121 The image shows a similar view of the living room, highlighting the black leather sofa and the dining table. A decorative painting is hung on the wall, depicting a beach landscape. The bay window is open, letting in natural light and offering a view of the balcony. The wooden storage unit is still visible, and a fan is also present. The furniture arrangement creates a friendly and functional space, suitable for daily life. https://media.studio-net.fr/biens/33987556/x6abbc4dd53123 This photo presents the integrated kitchen of the apartment. The kitchen furniture is black, with glass doors on the upper cabinets. A light wood countertop is visible, on which various appliances, such as a kettle and a toaster, are placed. A sink is integrated, and kitchen utensils are visible. On the left, a wooden storage unit is also present, containing dishes. Natural light illuminates the kitchen, and the floor is tiled, contributing to a modern and functional atmosphere.