2-room apartment 31.48 m² for sale Le Cannet - €199,000

The apartment is offered at €199,000 for an area of 31.48 m², which gives a price per m² of €6,317.24.

Based on data from the DVF (Demand for Property Value), the median price per m² for apartments in Cannet is around €4,500 to €5,500 depending on the neighborhoods (source: DVF, consulted in October 2023). Thus, the price of this apartment is 14.9% higher than the market median.

In terms of trend, the real estate market in Cannet has seen a price increase of about 5% per year over the last two years, with a slight stabilization observed recently. This trend is supported by a constant demand for real estate in this area, due to its proximity to Cannes and local amenities.

The total acquisition cost for this apartment includes the purchase price of €199,000 and notary fees estimated between 7% and 8% for an older property. This represents an amount of €13,930 to €15,920.

Thus, the total acquisition cost ranges between €212,930 and €214,920.

For a mortgage loan at an average rate of 3.4% over 20 years with a down payment of 10% (€19,900), the amount borrowed would be €179,100. The monthly payments would be approximately €1,022 (calculation based on a loan simulator).

If this apartment is rented, the estimated monthly rent for a 2-room apartment in Cannet is around €1,000 (source: local market data). This would give a gross rental yield of 6.03% (calculated on the purchase price). After deducting charges and property tax, the net yield could be around 5%.

The applicable taxation for a rental investment may include the LMNP (Non-Professional Furnished Rental) regime if the property is rented furnished, allowing for depreciation on furniture and deductible charges.

The apartment is classified DPE D, which indicates an estimated annual energy consumption between 151 and 230 kWh/m² (source: DPE, consulted in October 2023).

The estimated annual energy cost for this apartment could range between €800 and €1,200 depending on usage (heating, hot water, electricity).

According to the Climate & Resilience law, properties classified F and G will no longer be able to be rented starting in 2025, which does not concern this apartment, but it is advisable to plan for energy improvement work to increase performance.

To improve energy performance, several aids can be mobilized, such as MaPrimeRénov' and the Energy Savings Certificates (CEE). The amounts of the aids vary, but can range from €1,500 to €5,000 depending on the planned work.

The apartment is located in immediate proximity to shops, schools, and transport. The nearest bus line is a 5-minute walk away, providing quick access to Cannes and other surrounding cities. The neighborhood is primarily residential, with green spaces and facilities suitable for families.

The demographics of Cannet show a median income of about €2,500 per month, with a diverse population. The quality of life is generally considered good, with a low crime rate and easy access to services.

Le Cannet is located in a low flood risk area, according to Géorisques data. However, it is important to check the easements and the PLU (Local Urban Planning) to ensure that the property complies with current standards.

Regarding rent control, no specific regulations currently apply to Le Cannet, but it is advisable to follow legislative developments.