2-room apartment 52 m² for sale in Cannes - €225,000, energy performance certificate not specified

The asking price for this apartment is €225,000 for an area of 52.11 m², which translates to a price per m² of €4,315.78 (calculated from the displayed price and declared characteristics). In the Cannes market, the median price per m² for an apartment in the city center is estimated at €4,500 (source: DVF DGFiP, 2023). Thus, this apartment is slightly below the market median, which could represent an advantage for a buyer looking for a property in this sought-after area.

In terms of trend, prices in Cannes have increased by an average of 5% over the last 12 months, with sustained demand for real estate in the city center, particularly due to tourist attractiveness and international events like the Cannes Film Festival (source: Notaires de France, 2023).

For a purchase price of €225,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €15,750 to €18,000 (estimate based on current professional scales).

The total acquisition cost would therefore be between €240,750 and €243,000.

Regarding financing, with a contribution of 10% (€22,500), the amount to borrow would be €202,500. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,178.75 (calculation based on current interest rates and standard loan conditions).

Annual ownership costs include property tax, condominium fees, and home insurance.

• Property Tax: On average in Cannes, the property tax for an apartment is about €1,200 per year (source: INSEE, 2023).
• Condominium Fees: Estimated at €1,500 per year for an apartment of this size (source: professional scales).
• Home Insurance: About €300 per year.

Thus, the total annual ownership cost would be approximately €3,000.

The Energy Performance Diagnosis (DPE) is not specified in the sheet, which is crucial information for potential buyers. Generally, for an apartment of this size and era, one can estimate an annual energy consumption between €1,000 and €1,500 (estimate based on average public data from the sector).

Regarding renovations, if the DPE were classified as F or G, improvement works would be necessary to achieve an acceptable performance level, with renovation costs estimated between €10,000 and €20,000 (source: ADEME, 2023).

The aids available for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), which can cover up to 50% of costs depending on the work done.

The apartment is located in Cannes, in immediate proximity to Rue d'Antibes, a major shopping thoroughfare.

• Transport: Cannes train station is about 1 km away, offering connections to Nice and Marseille. Bus lines are also accessible nearby, facilitating travel.
• Amenities: Shops, restaurants, and beaches are within walking distance, enhancing the appeal of this property for a primary residence or rental investment.

The neighborhood's demographics are characterized by a mixed population, with a high proportion of seasonal residents during the summer, which can influence rental demand.

Cannes is located on the French Riviera, exposed to risks of flooding and landslides, particularly due to its proximity to the sea and surrounding hills (source: Géorisques, 2023).

• PLU and Zoning: The Local Urban Planning Plan (PLU) of Cannes imposes strict rules on renovations and extensions, which can limit improvement projects.
• Mandatory Diagnostics: Upon sale, the seller must provide an Energy Performance Certificate (DPE), a state of risks and pollution (ERP), and an electrical installation diagnosis if it is over 15 years old.

It is important to check these documents before purchasing to avoid surprises.

This apartment is offered at €4,315.78 per m², which is below the market median in Cannes (€4,500 per m²).

• Advantages: Proximity to Rue d'Antibes, elevator, general condition of the property, and high rental potential.
• Disadvantages: Absence of DPE, which may deter some buyers.

The negotiation margin could be estimated between 5% and 10%, depending on buyer interest and market conditions.