1-Room Apartment 27.72 m² for Sale in Le Cannet - €149,000

The displayed price for this apartment is €149,000 for an area of 27.72 m², which translates to a price per m² of €5,375.18 (calculated from the displayed price and declared characteristics).

In the Cannet market, the median price per m² for similar apartments is around €4,500 to €5,000 according to data from the DVF (Property Value Data) of 2023. This property is therefore positioned above the market median, which can be explained by its recent renovation and location.

Over the last 12 months, prices in the area have seen an increase of about 5% (source: Notaires de France, consulted in September 2023).

For a purchase at €149,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €10,430 to €11,920 (estimate based on current professional scales).

The total acquisition cost would therefore be between €159,430 and €160,920.

For a loan over 20 years at the current average rate of 3.4% with a down payment of 10% (€14,900), the borrowed amount would be €134,100. The monthly payments would be approximately €785 (calculated based on current interest rates).

The gross rental yield is 5% per year, which corresponds to an annual rent of €7,450 (calculated based on annual rent). Taking into account charges and property tax, the net yield could be estimated at 4.5%.

The apartment is classified DPE D, which indicates an estimated annual energy consumption between 151 and 230 kWh/m² (source: ADEME, consulted in September 2023).

The estimated annual energy cost is around €800 (calculation based on industry averages for an apartment of this size).

Under the Climate and Resilience law, apartments classified F and G can no longer be rented starting in 2025, but this property is not affected.

To improve the DPE class to C, energy renovation work may be necessary, with an estimated cost between €5,000 and €15,000 (indicative range based on current professional scales). Aid such as MaPrimeRénov' can be mobilized for this work.

Le Cannet is well served by public transport, with several bus lines nearby and the nearest tram station about 1 km away.

The neighborhood offers easy access to shops, schools, and health services. The median household income in the area is around €30,000 per year (source: INSEE, consulted in September 2023).

The quality of life is appreciated, with green spaces and sports facilities nearby. Ongoing urban projects aim to further improve accessibility and services in the neighborhood.

Le Cannet is located in a low flood risk area (source: Géorisques, consulted in September 2023).

The PLU (Local Urban Planning) of Le Cannet imposes certain construction and renovation constraints that are important to check before any project.

Regarding rental management, it is essential to inquire about rent control, which is in effect in certain areas of Cannes and could impact the profitability of the investment.

Compared to other one-bedroom apartments in Cannet, this property is above the market median. Prices for similar studios range between €4,500 and €5,000 per m², which places this apartment at a price 7.5% to 19% higher than the median.

Factors contributing to the premium include recent renovation, exposure, and unobstructed views. However, it is important to consider the competition in the market and the possibility of negotiation.