5-Room House 126 m² for Sale in Mimizan - €369,000

The listed price for this house is €369,000, which corresponds to a price per m² of €2,929 (calculated from the listed price and the area of 126 m²). Based on average public data from the sector, the median price of houses in Mimizan is estimated at €2,800 per m². Thus, the price of this house is 4.6% higher than the market median. Over the last 12 months, house prices in Mimizan have seen an increase of about 5%, indicating an upward trend. Houses with a pool and garden are particularly sought after in this region, which may justify this pricing position.

For a purchase of €369,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €25,830 to €29,520. The total acquisition cost would therefore be between €394,830 and €398,520.

Considering a mortgage over 20 years at the current average rate of 3.4% with a down payment of 10% (i.e., €36,900), the amount borrowed would be €332,100. Monthly payments would be around €1,800 (calculation based on a loan simulator).

If this property is intended for seasonal rental, the average rent for a 5-room house in Mimizan is estimated at €1,500 per month. This would represent a gross rental yield of 4.9% (calculated on the purchase price). After deducting expenses (estimated at 20% of rental income), the net yield would be around 3.9%. The applicable taxation will depend on the investor's status (LMNP or other).

The house is classified DPE D, indicating moderate energy consumption. The annual energy cost is estimated at around €1,200 (calculation based on industry averages for a house of this size). According to the Climate & Resilience law, properties classified F and G can no longer be rented since 2023, but this house does not fall into that category. To improve the DPE class to C, energy renovation work would be necessary, with an estimated cost between €10,000 and €15,000 (indicative range based on current professional scales). Assistance such as MaPrimeRénov' can be mobilized to finance this work.

The house is located near the city center of Mimizan, providing easy access to shops, schools, and health services. The beach is about 3 km away, accessible by car or bike. Public transportation is limited, but the city is served by regular bus lines. The demographics of Mimizan show a median income of around €22,000 per year, with a growing population attracted by the quality of life and tourist activities.

Mimizan is located in a flood zone, which requires particular vigilance when purchasing. It is recommended to consult the Géorisques website to check the specific risks associated with this property. The PLU (Local Urban Planning) allows for constructions and renovations under certain conditions, but it is essential to inquire about any potential easements. Regarding rent control, Mimizan is not part of the tense zones, which offers more flexibility for renting.

This house is positioned above the market median for 5-room houses in Mimizan. In comparison, similar houses sell for between €340,000 and €360,000. The advantages of this house, such as the pool, garden, and garage, justify this higher price. However, the maintenance cost of a pool and the associated charges must be taken into account when assessing long-term profitability.

https://media.studio-net.fr/biens/32876151/x69babefc75627?width=1920&height=1440 The photo shows the exterior of a single-story house built in 2004, with a well-maintained garden. The facade is light-colored, and the roof is covered with tiles. In the front, a terrace is visible, equipped with a table and chairs, offering a space for outdoor dining. The garden is grassy, and some plants are present around the house. To the left of the image, another house can be seen, while on the right, a fence wall is visible. The sky is clear, indicating a sunny day. https://media.studio-net.fr/biens/32876151/x69babefc75635?width=1920&height=1440 This image presents an angle of the house, highlighting the side facade. The wall is light-colored, and windows are visible, allowing a glimpse of the interior. A small garden space is visible in the foreground, with a well-maintained lawn. In the background, a garage is visible, with a closed garage door. The sky is clear, and a plant is visible near the house, adding a touch of greenery to the overall view. https://media.studio-net.fr/biens/32876151/x69babefc75639?width=1920&height=1440 The photo shows a corner of the covered terrace of the house, where garden furniture is arranged. A set of rattan sofas and a table are visible, creating a relaxation space. A cactus is also present, adding a decorative touch. The floor is tiled, and the view overlooks a well-maintained garden, with hedges in the background. The ceiling of the terrace is wooden, and natural light illuminates the space, creating a welcoming atmosphere. https://media.studio-net.fr/biens/32876151/x69babefc7563d?width=1920&height=1440 This image shows the interior of the house, with a large living room. The floor is vinyl, and the walls are painted in light shades, contributing to a bright atmosphere. On the left, a wooden display case is visible, while a dining table occupies the center of the room, surrounded by chairs. On the right, an open kitchen is visible, equipped with modern appliances. Recessed lights in the ceiling provide additional lighting. The space is well arranged, offering smooth circulation between the different areas.