2-room apartment 44.53 m² for sale Le Cannet - €235,000

The listed price of the apartment is €235,000 for an area of 44.53 m², which gives a price per m² of €5,276.63 (calculated from the listed price and declared characteristics).

Comparison with the local market

Based on data from the DVF (Demand for Land Value) for Le Cannet, the median price per m² for apartments in this area is approximately €4,500 (source: DVF DGFiP, 2023). The apartment is therefore positioned above the market median by 17.3%.

Price trend

Over the last 12 months, apartment prices in Le Cannet have increased by approximately 5% (source: Notaires de France, 2023). This trend is supported by growing demand in the region, particularly for properties located in secure residences with amenities such as a swimming pool.

For a purchase at €235,000, notary fees are estimated at around 7.5% (estimate based on current professional rates), which is approximately €17,625.

Total acquisition cost

• Purchase price: €235,000
• Notary fees: €17,625
• Total cost: €252,625

Loan simulation

Considering a 20-year loan at the current average rate of 3.4% with a down payment of 10% (€23,500), the amount borrowed would be €211,500. Monthly payments would be approximately €1,200 (calculated from current interest rates).

Rental yield

If this apartment is rented, with an estimated rent of €1,100 per month (estimate based on local rents), the gross rental yield would be 5.6% (calculated based on annual rent divided by total acquisition cost).

Annual holding costs include:

• Condominium fees: approximately €1,200 per year (estimate based on usual fees for this type of property)
• Property tax: estimated at €1,000 (estimate based on sector averages)
• Home insurance: approximately €300 per year

Total annual costs

• Total: €2,500 per year

The Energy Performance Diagnosis (DPE) is not specified in the listing, but it is crucial for assessing energy costs. Generally, apartments of this size and age often fall into class D (consumption between 151 and 230 kWh/m²/year).

Estimated annual energy cost

Considering a consumption of 200 kWh/m²/year for a 44.53 m² apartment, the energy cost could be estimated at around €800 per year (calculated based on an average electricity rate of €0.20 per kWh).

Rental bans

From 2025, properties classified F or G will no longer be able to be rented (Climate and Resilience Law, 2021). It is therefore important to check the energy class of this apartment before purchase.

The apartment is located in immediate proximity to shops and transport. Bus lines serve Le Cannet, and the nearest train station is about 3 km away.

Demographics and quality of life

Le Cannet is a popular municipality for its quality of life, with a median income of around €2,200 per month (source: INSEE, 2023). The population is mostly composed of families and retirees, contributing to a calm and friendly environment.

Urban projects

Urban development projects are underway, aimed at improving infrastructure and green spaces, which could further enhance the area in the coming years.

Le Cannet is located in a low seismic risk area, but it is important to check for flood risks in certain areas.

PLU and zoning

The Local Urban Plan (PLU) of Le Cannet should be consulted to know the construction and development rules.

Mandatory diagnostics

Before purchase, it is essential to request mandatory diagnostics (lead, asbestos, termites) to avoid surprises after acquisition.

By comparing this apartment with other similar properties in the area, it is observed that prices range from €4,500 to €5,800 per m². This apartment is therefore above the market median.

Factors justifying the price

Factors that justify this price include:

• The presence of a swimming pool in the residence
• The security of the residence
• Proximity to amenities

Negotiation margin

A negotiation margin of 5 to 10% could be considered, especially if refreshment work is needed.