2-room apartment 27 m² for sale Cannes - €247,726

The price per m² of this apartment is €9,265 (calculated from the displayed price of €247,726 and the area of 26.72 m²). In the Cannes market, the median price per m² for an apartment is around €5,500 (source: DVF DGFiP, consulted on 01/10/2023). This places this apartment above the median of the Cannes market, which has increased by 5% over the last 12 months.

Property positioning

The apartment is located in a sought-after area, the Villa Francia residence, which is known for its tranquility and amenities. The demand for properties with sea views and access to facilities such as a swimming pool and tennis courts is high, which could justify the displayed price.

For a purchase price of €247,726, notary fees are estimated between 7% and 8% for an old property, or about €17,340 to €19,818 (estimate based on current professional scales).

Loan simulation

With a down payment of 10% (€24,773), the amount to be financed would be €222,953. At the current average rate of 3.4% over 20 years, the monthly payment would be about €1,250 (calculation based on a loan simulator).

Rental yield

If this apartment is rented, the monthly rent could reach €1,200 (estimate based on local rents). The gross rental yield would therefore be 5.8% (calculated based on the purchase price).

The DPE class of the apartment is D, indicating an estimated annual energy consumption of 230 kWh/m² (source: DPE). The estimated annual energy cost would therefore be about €600 (calculation based on an average rate of €0.26/kWh).

Rental bans

According to the Climate & Resilience law, properties classified F or G can no longer be rented from 2025. This apartment, being classified D, is not subject to this ban.

Available aids

Aids such as MaPrimeRénov' can be mobilized for energy renovation work, with amounts ranging from €1,500 to €5,000 depending on the work.

The apartment is located near several bus lines and about 15 minutes walk from Cannes train station. Nearby shops include supermarkets, bakeries, and restaurants, all accessible within 10 minutes on foot.

Demographics and quality of life

The neighborhood is primarily residential, with a population of about 25,000 inhabitants. The median income is around €30,000 per year, which is above the national average. The quality of life is considered good, with many green spaces and recreational facilities.

The property is located in a low flood risk area according to Géorisques data. However, it is important to check for any easements related to the co-ownership.

Regulatory context

The PLU (Local Urban Plan) of Cannes should be consulted to know the applicable urban planning rules. Mandatory diagnostics include the DPE, lead diagnosis, and termite diagnosis, which must be provided by the seller.