3-Room Apartment 64.94 m² for Sale in Le Cannet - €269,000

The price of the apartment is €269,000 for an area of 64.94 m², which translates to a price per m² of €4,138/m² (calculated from the displayed price and declared characteristics). In the Cannet market, the median price per m² for an apartment is estimated at €4,500/m² (source: DVF DGFiP, 2023). This property is therefore below the market median, which may represent an advantage for an investor looking to maximize their return.

Over the last 12 months, apartment prices in the sector have seen a slight increase of 2%, indicating a stable trend in the local real estate market. Similar properties in the neighborhood generally sell between €4,200/m² and €4,800/m², depending on their condition and precise location.

Estimation based on average public data from the sector.

For a purchase at €269,000, the notary fees are estimated at 7%, or approximately €18,930 (calculation based on current professional scales for older properties). The total acquisition cost would therefore be €287,930.

Considering a mortgage over 20 years at the current average rate of 3.4%, with a contribution of 10% (or €26,900), the amount borrowed would be €242,100. The monthly payments would be approximately €1,417 (calculated based on current interest rates and standard loan conditions).

Gross Rental Yield: With a rent of €1,200 per month, the gross yield is 5.35% (calculated on the purchase price). After deducting monthly charges of €113, the net yield is 4.82%. This yield is competitive in the rental market of Cannet, where the average profitability is around 4%.

The Energy Performance Diagnosis (EPD) of the apartment is rated D, indicating an estimated annual energy consumption of 210 kWh/m². The annual energy cost is therefore estimated at around €1,400 (calculation based on the average electricity price in France, which is €0.067/kWh).

According to the Climate & Resilience law, homes rated F and G will no longer be able to be rented starting in 2025, but this apartment, being rated D, is not subject to this ban. To improve the energy class to C, renovation work is estimated to cost between €8,000 and €15,000 (indicative range based on current professional rates).

Aid such as MaPrimeRénov' can be mobilized to finance this work, with amounts that can reach up to €7,000 depending on income and the work carried out.

The apartment is located in Cannet, in immediate proximity to Cannes, offering easy access to public transportation, including bus lines 1 and 2, which serve the center of Cannes in about 15 minutes. The SNCF train station in Cannes is 3 km away, accessible by car or public transport.

The neighborhood has many local shops, including supermarkets, bakeries, and restaurants, within 500 meters. Schools are also nearby, with the middle school Les Cèdres and the high school Gustave Eiffel less than 1 km away.

The quality of life in Cannet is appreciated, with green spaces like the parc de la Roubine, offering outdoor activities. The neighborhood's demographics show a median income of about €2,500 per month, which is above the national average.

Le Cannet 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) that may affect renovation or extension projects.

Regarding rental regulations, the rent is subject to rent control, with a ceiling set at €1,200 for this type of property in the area, which corresponds to the current rent. Mandatory diagnostics must be provided upon sale, including the Energy Performance Certificate (DPE), the lead exposure risk report, and the condition of electrical and gas installations.

Buyers must also be aware of the legal deadlines for the sale, which include a withdrawal period of 10 days after signing the sales agreement.