2-room apartment 51 m² for sale Cannes - €580,000, energy performance certificate not communicated

The displayed price for this apartment is €580,000 for an area of 51 m², which is a price per m² of €11,373.

Total price €580,000 Area 51 m² Price per m² €11,373

The median price per m² in the Cannes neighborhood, particularly in the Palm Beach sector, is estimated at around €10,500 (source: DVF DGFiP, 2023). This apartment is therefore above the market median by 8.3%.

Over the last 12 months, apartment prices in Cannes have increased by about 5% (source: Notaires de France, 2023). This upward trend may be influenced by increased demand in the real estate sector of the Côte d'Azur.

This apartment is located in the Palm Beach neighborhood, a sought-after area for its proximity to the sea and the Croisette. The features of this property, including the terrace and garden, add significant value compared to other apartments in the same category.

For a purchase at €580,000, notary fees are estimated between 7% and 8% for older properties. This represents a total acquisition cost of approximately €622,600 to €626,400.

Purchase price €580,000 Notary fees (7-8%) €42,600 - €46,400 Total acquisition cost €622,600 - €626,400

With an average interest rate of 3.4% over 20 years and a down payment of 10% (€58,000), the monthly payments would be around €2,800.

Amount borrowed €522,000 Interest rate 3.4% Duration 20 years Estimated monthly payment €2,800

Annual charges (property tax, maintenance, insurance) are estimated at around €3,000 per year, based on sector averages.

Estimated property tax €1,500 Condominium fees €1,200 Home insurance €300 Maintenance €1,000 Total annual cost €3,000

The energy performance certificate is not communicated for this apartment. It is essential to request this information from the seller, as it impacts the property's value and energy costs.

Without the energy performance certificate, it is difficult to estimate the energy cost. Generally, for an apartment of this size, the energy cost could range between €800 and €1,200 per year, depending on energy efficiency.

In the case of energy renovation work, several aids can be mobilized, such as MaPrimeRénov' or Energy Savings Certificates (CEE). The amounts vary depending on the work carried out.

The Palm Beach neighborhood is well served by public transport, with several bus lines nearby and the Cannes train station about 1.5 km away. The proximity to the Croisette allows for easy access to the beach.

The neighborhood offers many amenities, including shops, restaurants, and schools. The quality of life is generally considered high, with easy access to services.

The population of Cannes is about 74,000 inhabitants, with a median income per household of €30,000 per year (source: INSEE, 2021). The Palm Beach neighborhood attracts a wealthy clientele, often looking for second homes.

Cannes is exposed to flood risks, particularly in areas close to the sea. It is advisable to consult the Géorisques data to assess the specific risks for this property.

The rental regulation is strict in Cannes, with rent controls and diagnostic obligations. It is important to inquire about the laws in force before proceeding with a purchase.

• What is the energy performance certificate (DPE) of the apartment?
• Have any recent works been carried out?
• What are the condominium fees?
• Are there any urban planning projects planned in the neighborhood?