5-Room House 200 m² for Sale in Le Cannet - €2,190,000

The listed price for this house is €2,190,000, which corresponds to a price per m² of €10,950 (calculated from the listed price and the area of 200 m²). In the real estate market of Cannet, prices per m² generally range between €4,500 and €12,000, depending on the location and characteristics of the property. Thus, the price of this villa is situated in the upper range of the market, indicating a high-end positioning. Based on average public data from the sector, the price trend has shown an increase of about 5% per year over the last three years, which enhances the attractiveness of this investment.

For a purchase price of €2,190,000, notary fees, estimated between 7% and 8% for an old property, would amount to approximately €153,300 to €175,200. The total acquisition cost would therefore be between €2,343,300 and €2,365,200.

Regarding financing, with a contribution of 10% (i.e., €219,000), the amount to be borrowed would be €1,971,000. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €11,000.

If the purchase is considered as a rental investment, the gross rental yield could be estimated at 4% per year, resulting in an annual rent of €87,600, which would give a positive cash flow after deducting charges and interest.

The Energy Performance Diagnosis (EPD) of this villa is rated D, indicating an estimated annual energy consumption of about 150 kWh/m². The annual energy cost could therefore be estimated at around €3,000 (calculated based on an average rate of €0.20 per kWh).

According to the Climate & Resilience law, homes rated F or G will no longer be able to be rented starting in 2025, but this villa, rated D, is not subject to this ban.

To improve the EPD to a class C, renovation work may be necessary, with an estimated cost between €20,000 and €50,000, depending on the extent of the work. Assistance such as MaPrimeRénov' could be mobilized, offering grants of up to €7,000.

Le Cannet is a sought-after residential area, offering a high quality of life due to its proximity to Cannes and the Mediterranean Sea. Public transport is easily accessible, with regular bus lines and the Cannes train station nearby (about 10 minutes by car).

The neighborhood also benefits from a quality educational offering, with several reputable institutions within a 2 km radius. In terms of commerce, downtown Le Cannet offers various shops, restaurants, and services, contributing to a dynamic neighborhood life.

Demographically, the population is predominantly composed of families and retirees, with a median income above the national average, which enhances the attractiveness of the area.

Le Cannet is located in an area with a moderate flood risk, according to Géorisques data. It is advisable to check the risk prevention plans (PPR) before purchasing.

Regarding the Local Urban Planning Plan (PLU), it is important to be informed about the construction and development rules, especially concerning extensions or modifications of the villa.

Finally, the real estate market in Le Cannet is subject to rent control, but this does not apply to individual houses. It is essential to take these elements into account during negotiation and acquisition.

This 200 m² villa in Cannet is positioned above the market median. In comparison, similar houses in the area generally sell for between €1,800,000 and €2,000,000 for comparable sizes. The advantages of this property include its sea view, its landscaped plot of 1,350 m², and its modern finishes, which justify its high price. However, potential buyers should be aware of the maintenance costs associated with a property of this size and its location.