6-Room House 142 m² for Sale in Mimizan - €322,000

The price of the house is €322,000, which is a price per m² of €2,267 (calculated from the displayed price and declared characteristics). Based on average public sector data, the median price per m² in Mimizan is around €2,300 (source: DVF DGFiP, consulted in October 2023). This places this house slightly below the market median.

In terms of trend, prices in Mimizan have seen an increase of about 5% over the last 12 months, with a forecast of stabilization for the coming year. Houses with gardens and garages are particularly sought after, which could increase the value of this property in the long term.

For a purchase at €322,000, notary fees are estimated between 7% and 8% for older properties, which is approximately €22,540 to €25,760 (estimate based on current professional scales).

The total acquisition cost would therefore be between €344,540 and €347,760.

For a mortgage at the current average rate of 3.4% over 20 years with a down payment of 10% (€32,200), the monthly payments would be around €1,800 (calculation based on a loan simulator).

If this house were to be rented out, the monthly rent could be estimated at around €1,500 (estimate based on average rental prices in Mimizan). This would give a gross rental yield of approximately 5.6%. After deducting expenses and property tax, the net yield could be around 4.5%.

The house is classified as D according to the DPE, indicating an energy consumption above average. The annual energy cost is estimated at around €1,200 (estimate based on average public sector data).

With the Climate & Resilience law, homes classified as F and G will no longer be able to be rented starting in 2025. Although this house is not affected, renovation work could be considered to improve its energy performance. The available aids for renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), 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. Public transport is available with regular bus lines to neighboring towns. The beach is about 3 km away, accessible by car or bike.

The neighborhood is quiet and residential, with a good quality of life, green spaces, and a friendly community. The neighborhood's demographics show a median income of around €22,000 per year, which is slightly below the national average.

The house is located in a low flood risk area according to Géorisques data. However, it is important to check for any easements and the Local Urban Planning Plan (PLU) to understand the possibilities for extension or renovation.

Regarding regulations, it is essential to inform oneself about rent control if the house is intended for rental. Currently, the median rent in Mimizan is around €12/m², which could influence rental profitability.

This 142 m² house is positioned slightly below the market median in Mimizan, where the price per m² is around €2,300. Similar houses in the neighborhood sell for between €320,000 and €350,000 depending on their condition and features. The advantages of this house include its garden and garage, while the necessary renovations could be a negotiation factor. An estimated negotiation margin could be 5 to 10% depending on the overall condition and renovation needs.

https://media.studio-net.fr/biens/33282753/x6a15d1cc734cb The image shows the exterior of a single-story house, located in a residential environment. The facade features light-colored walls, with a tiled roof. In front, a well-maintained garden is visible, with a lush lawn and some trees and bushes. A tree stump is also present, indicating a former felled tree. The house has a terrace with garden furniture, and large windows that seem to offer a view of the garden. The sky is clear and sunny, giving a bright atmosphere to the whole scene. https://media.studio-net.fr/biens/33282753/x6a15d1cc734d3 This photo presents a side angle of the house, highlighting its single-story structure. The wall is light-colored, with brown wooden shutters. On the left, a parking space is visible, as well as a garage in the background. The garden is also visible, with well-trimmed hedges and a grassy area. The sky is blue, and the natural lighting suggests a beautiful sunny day. The lack of details on the windows and doors makes it difficult to assess their condition. https://media.studio-net.fr/biens/33282753/x6a15d1cc734d6 The image shows the interior of a bright veranda, with white walls and a slatted ceiling. The floor is covered with light tiles. Inside, a round table surrounded by wooden chairs is visible, as well as a lounge area with armchairs. Large bay windows overlook the garden, allowing for an unobstructed view and good brightness. Outside, the garden is visible, with plants and a grassy area. The veranda seems to be a friendly space, ideal for meals or moments of relaxation. https://media.studio-net.fr/biens/33282753/x6a15d1cc734d8 This photo shows the living room of a house, with tiled flooring and white-painted walls. The furniture includes yellow armchairs, a wooden table, and decorative elements. A stone fireplace is visible on the left, adding a comfort element to the space. Windows with curtains let in natural light, creating a welcoming atmosphere. An ornate rug is present on the floor, and decorative objects are arranged on the furniture. The overall room exudes a warm and friendly atmosphere.