T3 Apartment - 64.94m² - Le Cannet — 3-room, 64.94 sqm, 2 bedrooms
Real Estate Available

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

At a glance: 3-room · 64.94 sqm · 2 bedrooms · floor 3

Brand: l'Adresse Cannes

€269,000

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by l'Adresse Cannes

T3 Apartment - 64.94m² - Le Cannet

Ideal for investors, this 3-room apartment of 64.94 m² is located in the heart of Le Cannet, on Boulevard Sadi Carnot, in immediate proximity to shops and transport. Sold rented, it benefits from a tenant in place since 01/07/2024, guaranteeing immediate rental income. The apartment includes an entrance, a bright living room, an independent kitchen, two bedrooms, a shower room, a separate WC, and a pleasant terrace.

Information

  • Type: REAL_ESTATE
  • Price: €269,000
  • Brand: l'Adresse Cannes
  • Availability: In stock

Characteristics

  • Floor: floor 3
  • Rooms: 3-room
  • Surface: 64.94 sqm
  • Bedrooms: 2 bedrooms
  • Features: terrace, bright, close to shops, close to transport
  • Property Type: APARTMENT
  • Transaction Type: SALE
Energy
  • Dpe Date: 08/24/2020
  • Dpe Class: C
  • Dpe Value: 134
  • Ges Class: C
  • Ges Value: 13
  • Is Exempt: No
Location
  • City: Le Cannet
  • Postal Code: 06110

Metadata

Market and price analysis

Price per m² and positioning

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.

Financial simulations

Total Acquisition Cost

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%.

Energy rating

Energy Performance

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.

Neighborhood

Amenities and Transportation

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.

Risks and constraints

Natural Risks and Regulations

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.

All tags

terrace rental investment bright close to shops close to transport profitability shower room independent kitchen 3 rooms 64.94 m² 2 bedrooms Sadi Carnot Boulevard tenant in place rental income quiet sought-after area sale for sale purchase apartment apartment sale apartment for sale apartment purchase T3 F3 3-room apartment T3 apartment 2-bedroom apartment 65m² 65 m² 65m2 50 to 80m² 65m² apartment T3 apartment 65m² Le Cannet Le Cannet apartment Le Cannet apartment sale Le Cannet apartment for sale Le Cannet apartment purchase Le Cannet sale Le Cannet for sale Le Cannet purchase T3 Le Cannet 3 rooms Le Cannet T3 apartment Le Cannet 06110 Le Cannet 06110 department 06 Le Cannet apartment 06110 DPE C

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Catchment areas

Cannes Le Cannet Mougins Mandelieu Cannes La Bocca

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