3-room apartment 61.94 m² for sale Le Cannet - €250,000

The listed price for this apartment is €250,000, which translates to a price per m² of €4,033 (calculated from the listed price and the area of 61.94 m²). Based on public data from the DVF (Demande de Valeur Foncière), the median price per m² for apartments in the Cannet area is approximately €3,800 (source: DVF DGFiP, 2022). This property is therefore slightly above the market median, which can be justified by its location in a sought-after area and the presence of a balcony and parking.

In terms of trend, apartment prices in the area have increased by about 5% over the last 12 months, according to data from INSEE. This indicates a dynamic real estate market, with growing demand for properties like this one.

For a purchase of this apartment at €250,000, notary fees are estimated between 7% and 8% in the old sector, which is approximately €17,500 to €20,000 (estimate based on current professional scales). The total acquisition cost would therefore be around €267,500 to €270,000.

Regarding financing, with a contribution of 10% (€25,000), the amount to be financed would be €225,000. At an average interest rate of 3.4% over 20 years, the monthly payment would be approximately €1,250 (calculated based on an amortizable loan).

For a rental investment, if the apartment is rented at €1,200 per month, the gross rental yield would be 5.76% (calculated on the purchase price), and the net yield, after deducting charges and taxes, could drop to around 4.5%.

The Energy Performance Diagnosis (DPE) of this apartment is not specified, but for a property of this size, the annual energy consumption can be estimated between €1,200 and €1,500 (estimate based on average public sector data). In the case of renovations to improve the energy class, costs can vary between €10,000 and €20,000, depending on the extent of the work.

Available aids for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), which can cover up to 50% of renovation costs, depending on eligibility criteria.

Le Cannet is well served by public transport, with several bus lines nearby and the Cannes train station about 15 minutes by car. The neighborhood also offers easy access to shops, schools, and health services, with several notable establishments within a 1 km radius.

The neighborhood's demographics are characterized by a median income of around €28,000 per year, with a diverse population. The quality of life is generally considered good, with green spaces and a calm atmosphere, although the proximity to main roads may generate a certain level of noise.

The Cannet area is classified as low risk for flooding and seismic activity, according to data from Géorisques. However, it is important to check the Local Urban Planning Plan (PLU) to know the current construction and development rules.

Regarding rent control, there is no specific cap in this municipality, but it is advisable to inquire about legislative developments in rental regulation. The mandatory diagnostics to be provided during the sale include the Energy Performance Certificate (DPE), lead diagnosis, and termite diagnosis, according to current regulations.

This apartment is positioned slightly above the market median, which is around €3,800 per m². Comparable properties in the area, with a similar surface area and close characteristics, are selling between €240,000 and €260,000. Factors for premium pricing may include the presence of a balcony and parking, while drawbacks could be the need for refreshing. The estimated negotiation margin could be 5% to 10%, depending on buyer interest.