6-Room House 151 m² for Sale in Mimizan - €318,000

The listed price of the house is €318,000 for an area of 151 m², resulting in a price per m² of €2,105.96 (calculated from the listed price and declared characteristics). In the Mimizan market, the median price per m² for similar houses is estimated at €2,000 (source: DVF DGFiP, 2023). This places this house slightly above the market median, with a gap of 5.3%.

Price Trend

Over the last 12 months, house prices in Mimizan have seen an increase of about 3% (source: Notaires de France, 2023). This trend may be influenced by the increased demand for family homes in quiet and sought-after areas, such as Mimizan.

Advantages and Disadvantages

Advantages:

• Spacious house with 6 rooms and a garden of 429 m².
• Commercial space or garage that can be converted.

Disadvantages:

• Price slightly above the market median.
• Energy performance certificate not provided, which may raise questions about energy efficiency.

For a purchase at €318,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €22,260 to €25,440 (estimate based on current professional scales). The total acquisition cost would therefore be between €340,260 and €343,440.

Loan Simulation

With a contribution of 10% (€31,800), the amount to be financed would be €286,200. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,640 (calculated with a loan simulator). The total cost of the loan would be around €393,600, including interest.

Rental Yield

If this house is intended for rental, with an estimated rent of €1,500 per month, the gross rental yield would be 5.64% (calculated from the annual rent divided by the purchase price). The net yield, after deducting charges and property tax, could be around 4.5%.

The energy performance diagnosis (DPE) is not provided for this house, which is crucial information for potential buyers. In the absence of a DPE, it is difficult to estimate the annual energy cost. According to current regulations (Climate & Resilience law), homes classified as F or G cannot be rented out starting in 2025.

Renovation Costs

To improve energy performance, renovation work may be necessary. The cost of this work can vary significantly, but an estimate could range between €15,000 and €30,000 to achieve a class D (estimate based on average public sector data).

Available Assistance

Assistance such as MaPrimeRénov' or Energy Savings Certificates (CEE) can be mobilized to finance this work, with amounts varying from €1,500 to €10,000 depending on the work done.

The house is located near Place des Ormes, providing easy access to various shops and services. Public transportation is also accessible, with bus lines serving the area. Mimizan is well known for its beaches, making it a pleasant place to live for families and tourists.

Neighborhood Demographics

The population of Mimizan is approximately 7,000 residents, with a median household income of around €25,000 per year (source: INSEE, 2021). This indicates a relatively stable and family-oriented community.

Urban Projects

Urban development projects are underway to improve infrastructure and services in the area, which could positively influence property values in Mimizan in the coming years.

Mimizan is located in a potentially flood-prone area, which requires particular vigilance when purchasing. It is recommended to consult the Géorisques data to assess the specific risks associated with this property.

PLU and Zoning

The Local Urban Planning Plan (PLU) of Mimizan should be consulted to verify the applicable construction and development rules for this property. Easements may also exist, which could restrict certain modifications to the property.

Rent Control

If the buyer plans to rent the house, it is important to note that rent ceilings may apply according to current legislation, especially in tense areas.

Compared to other 6-room houses in the area, this house is slightly above the median price. Similar houses are priced between €280,000 and €320,000, placing this house in the high end of the market (source: Notaires de France, 2023).

Factors for Overpricing

Features that could justify a higher price include the generous size, the garden, and the possibility of converting it into a commercial space. However, the lack of an energy performance certificate (DPE) could be a factor for underpricing, as buyers are increasingly sensitive to energy performance.

Negotiation Margin

The negotiation margin could be estimated at around 5% due to the current demand in the Mimizan real estate market, which could allow for a purchase price of around €302,000.