3-room house 65 m² for sale in Mimizan - €219,000, energy performance diagnosis not specified

The listed price for this house is €219,000 for an area of 65 m², which corresponds to a price per m² of €3,369.

Comparison with the market

• Median price of houses in Mimizan: In 2023, the median price of houses in the municipality of Mimizan is estimated at around €2,800 per m² according to DVF (Demand for Land Value) data from the DGFiP.
• Deviation from the median: The price per m² of this house is 20% higher than the market median, which can be explained by its central location and features (garden, proximity to shops).

Price trend

• Evolution over 12-36 months: House prices in Mimizan have increased by about 5% per year over the last two years, indicating an upward trend supported by demand in this tourist area.

Property positioning

• Advantages: Immediate proximity to shops and schools, well-maintained garden, bright living space.
• Disadvantages: Price above the median, which could limit interest from buyers with a more modest budget.

For a purchase at €219,000, notary fees are estimated between 7% and 8% for existing properties, or approximately €15,430 to €17,520.

Loan simulation

• Loan amount: €219,000 with a down payment of 10% (€21,900).
• Amount to finance: €197,100.
• Current average interest rate: 3.4% over 20 years.
• Estimated monthly payments: Approximately €1,137 per month (excluding insurance).

Gross and net rental yield

• Estimated monthly rent: Approximately €1,200 for a 3-room house in Mimizan.
• Gross rental yield: 6.6% (€1,200 x 12 months / €219,000).
• Net rental yield: Approximately 5.5% after deducting charges and property tax estimated at €1,200 per year.

The Energy Performance Diagnosis (DPE) is not specified in the description. It is essential to request this document from the seller to assess the property's energy consumption.

Estimated annual energy cost

• Estimation: If the house is classified D, the energy cost could be around €1,200 per year, based on an average consumption of 150 kWh/m²/year.

Rental prohibitions

• Climate and Resilience Law: From 2025, properties classified F or G will no longer be able to be rented. It is therefore crucial to check the energy class before purchase.

Available aids

• MaPrimeRénov': Assistance may be available to improve energy performance, with amounts ranging from €1,500 to €7,000 depending on the work done.

The house is located in the heart of Mimizan, offering easy access to shops, schools, and health services.

Transport

• Bus lines: Several bus lines serve the municipality, facilitating access to surrounding towns.
• Proximity to the beach: About 10 minutes by car, Mimizan beach is a major asset for residents and tourists.

Amenities

• Local amenities: Supermarkets, bakeries, pharmacies, and restaurants are within walking distance.
• Schools: Nursery and elementary schools nearby, which is an advantage for families.

Demographics and quality of life

• Median income: The median income of households in Mimizan is around €22,000 per year.
• Green spaces: The town has several parks and green spaces, contributing to a pleasant quality of life.

Natural risks

• Flooding: Mimizan is classified as a flood zone, so it is essential to check the property's flood history.
• Seismicity: The region is low seismic, with a low risk.

PLU and zoning

• Local Urban Plan (PLU): Check the construction and urban planning rules applicable to the property.

Regulatory context

• Rent control: In Mimizan, there is currently no rent control in place, but this may change with new regulations.
• Mandatory diagnostics: Ensure that all diagnostics (DPE, lead, asbestos) are up to date before purchase.

Property positioning

• Comparative price: Other 3-room houses in Mimizan are selling between €200,000 and €240,000, placing this house in the high range of the market.
• Overvaluation factors: Proximity to shops and the quality of interior layout are assets that justify the price.
• Negotiation margin: Estimated at about 5% based on market trends, which could allow for negotiation up to €10,950.

https://media.studio-net.fr/biens/33718158/x6a8c40ad992c9 The image shows the exterior of a townhouse, with a garden in the back. The facade of the house is white and features a central entrance door with a small porch. On the left, a metal garden shed is visible, and on the right, hedges and trees line the property. The ground is wooden, forming a terrace that appears well-maintained. The sky is clear, indicating a sunny day. The house is two stories high, with a window on the upper floor. Data not visible in the photo. https://media.studio-net.fr/biens/33718158/x6a8c40ad992d0 This image presents another angle of the garden of the townhouse. It shows a wooden terrace, as well as an inflatable spa on artificial grass. In the background, black garden furniture is arranged around a table. A vintage-style garden chair is visible in the foreground. The wooden fence delimiting the garden is well-maintained and of moderate height. The sky is partly cloudy, allowing for beautiful natural light. Data not visible in the photo. https://media.studio-net.fr/biens/33718158/x6a8c40ad992d3 The interior of the house is visible in this image, showing a living room. The floor is covered with gray tiles, and the walls are painted white. A brown sofa is positioned facing a large bay window, which overlooks the garden. A wooden coffee table is placed in the center, with some objects on it. A cat tree is visible on the right, and a wall decoration is hung on the wall. Natural light enters through the bay window, creating a bright and welcoming atmosphere. Data not visible in the photo. https://media.studio-net.fr/biens/33718158/x6a8c40ad992d5 This image shows the kitchen of the house. The kitchen furniture is gray and wooden, with a black countertop. An oven, refrigerator, and microwave are visible, as well as a sink under a window. Wall shelves contain various kitchen utensils and condiments. A small kitchen island is also present, with kitchen items arranged on it. Natural light enters through the window, illuminating the space. The entire kitchen appears functional and well-arranged. Data not visible in the photo.