5-Room House 70 m² for Sale in Mimizan - €225,000

The price of this house is €225,000 for a surface area of 70 m², which corresponds to a price per m² of €3,214.

Based on average public data from the sector, the average price per m² for a house in Mimizan is around €2,800 (source: DVF DGFiP, 2023). This means that this house is positioned above the market median, with a gap of 14.8%.

Price Trend

Over the last 12 months, house prices in Mimizan have seen an increase of about 5%, according to trends in the local real estate market. This trend is supported by increased demand for properties in quiet areas close to amenities.

For the purchase of this house at €225,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €15,750 to €18,000.

Loan Simulation

With an average interest rate of 3.4% over 20 years and a down payment of 10% (€22,500), the amount borrowed would be €202,500. The monthly payments would be around €1,200.

Annual Holding Cost

Annual charges (property tax, maintenance, insurance) are estimated at around €1,500 per year, with an average property tax in the region of €1,200.

The house is classified DPE D, which implies an estimated annual energy consumption of about 200 kWh/m². The annual energy cost is therefore estimated at €1,400 (calculated based on an average rate of €0.07/kWh).

Rental Bans

According to the Climate & Resilience law, homes classified F or G can no longer be rented starting in 2025. This house, being classified D, is not subject to this ban.

Available Aids

For renovation work aimed at improving the energy class, aids such as MaPrimeRénov' can be mobilized, with amounts ranging from €1,500 to €5,000 depending on the work done.

The house is located near the city center of Mimizan, providing easy access to shops, schools, and health services. The beach is about 5 km away, accessible by road.

Neighborhood Demographics

The population of Mimizan is around 7,000 inhabitants, with a median income of €22,000 per year. The neighborhood is known for its tranquility and quality of life, with many green spaces and outdoor activities.

Urban Projects

Urban development projects are underway to improve road infrastructure and public services, which could increase property values in the coming years.

Mimizan is exposed to flood risks, particularly in certain areas near watercourses. It is advisable to consult the risk maps available on the Géorisques website.

PLU and Zoning

The Local Urban Planning Plan (PLU) of Mimizan imposes certain constraints on constructions and renovations. It is recommended to check the applicable rules for the planned work.

Mandatory Diagnostics

Energy performance diagnostics (DPE), lead, and asbestos diagnostics are mandatory for sales. Ensure that these diagnostics are up to date before the transaction.

This house is above the market median, with a price per m² of €3,214 compared to an average of €2,800. The advantages include a plot of 900 m² and a full basement, while the disadvantages are the renovation work to be expected. The negotiation margin is estimated at 5% due to the condition of the property.

https://media.studio-net.fr/biens/32997413/x6a2a79783f2cd The photo shows the facade of a two-level house, painted white with brown wooden shutters. A metal staircase leads to the main entrance, which is elevated. The yard is partially enclosed by a wire fence, and a garden with some plants and herbs can be seen. In the background, other houses are visible, as well as power lines. The sky is clear with a few clouds, indicating a sunny day. https://media.studio-net.fr/biens/32997413/x6a2a79783f2d5 This image presents a similar view of the house, highlighting the metal staircase and the elevated entrance. The wire fence is visible, as well as a wrought iron gate with stone pillars. The garden is well-maintained, and the yard is clear, revealing an outdoor space to be developed. In the background, other houses are visible, and the sky is clear, suggesting a bright atmosphere. https://media.studio-net.fr/biens/32997413/x6a2a79783f2d7 The interior of the house is visible in this photo, showing a dining room with a wooden table and chairs. A carved wooden cabinet is present, as well as a wall-mounted television. Natural light enters through a large window with white curtains, creating a bright atmosphere. The floor is covered with patterned tiles, and a radiator is visible on the wall. The space feels welcoming and well-arranged. https://media.studio-net.fr/biens/32997413/x6a2a79783f2d9 This image shows the kitchen of the house, equipped with dark wooden furniture. A tiled countertop is visible, as well as stainless steel sinks. The windows offer a view of the outside, and several cabinets are integrated into the wall. A microwave is also present on the countertop. The floor is covered with red and white patterned tiles, and a metal pendant light adds a modern touch to the space.