3-room apartment 60 m² for sale Mimizan - €328,000

The displayed price for this apartment is €328,000 for an area of 60 m², which gives a price per m² of €5,467.

Based on average public data from the sector, the median price per m² for similar apartments in Mimizan is estimated at €4,800. Thus, this apartment is positioned above the market median by 14%.

Price Trend

Apartment prices in Mimizan have experienced an upward trend of 3% per year over the last 24 months, according to DVF (Demand for Property Value) data. This trend is fueled by the region's appeal to buyers looking to acquire a property close to the beach, especially during the summer season.

For a purchase of €328,000, notary fees are estimated between 7% and 8% for an older property, or approximately €22,960 to €26,240.

Loan Simulation

Considering an average interest rate of 3.4% over 20 years and a down payment of 10% (or €32,800), the amount borrowed would be €295,200.

The monthly repayment would be approximately €1,730.

Annual Holding Cost

For an apartment of this size, annual charges (property management, maintenance) are estimated at around €1,200. The property tax is estimated at €800, resulting in a total holding cost of about €2,000 per year.

The Energy Performance Diagnosis (DPE) is not specified in the document, which is a point to clarify with the seller. Generally, for an apartment of this size, the annual energy consumption can vary between €800 and €1,200, depending on energy efficiency and the type of heating.

Rental Bans

According to the Climate and Resilience Law, apartments classified as F or G can no longer be rented starting in 2025. Therefore, it is crucial to check the DPE class of this apartment.

Renovation Aids

If renovation work is necessary to improve the energy class, aids such as MaPrimeRénov' can be mobilized, with amounts varying between €1,500 and €10,000 depending on the work carried out.

The apartment is located near Mimizan beach, which is a major asset for residents and seasonal tenants.

Transport

Public transport is limited in the area, but bus lines serve Mimizan and the surrounding towns. The nearest train station is 20 km away, in Parentis-en-Born.

Amenities

The neighborhood has several local shops, supermarkets, as well as restaurants and cafes. Schools are within walking distance, with establishments from kindergarten to high school.

Quality of Life

Mimizan is renowned for its quality of life, with green spaces and outdoor activities. The city's demographics are mainly composed of families and retirees, with a median income of around €1,800 per month.

Mimizan is located in a flood risk area, which can impact insurance and holding costs. It is recommended to consult the Géorisques website to know the specifics of the area.

PLU and Zoning

The Local Urban Planning Plan (PLU) of Mimizan should be consulted to verify construction and development rules.

Mandatory Diagnostics

Before the sale, property diagnostics (asbestos, lead, termites) must be carried out. These documents are crucial for the buyer and can influence the purchasing decision.

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