4-room apartment 85.61 m² for sale in Le Cannet - €644,000

The listed price for this apartment is €644,000 for an area of 85.61 m², which translates to a price per m² of €7,520.73 (calculated from the listed price and declared characteristics). Based on DVF (Demand for Property Value) data for the municipality of Cannet, the median price per m² for apartments is approximately €4,500 (source: DVF DGFiP, 2023). Thus, this apartment is positioned above the market median by 67.3%. Over the last 12 months, apartment prices in the region have increased by an average of 5%, indicating a continued upward trend. This property stands out due to its South/South-West facing terrace and unobstructed view, features that may justify this premium.

For a purchase at €644,000, notary fees are estimated between 7% and 8% for an older property, which is approximately €45,080 to €51,520 (estimate based on average public sector data). The total acquisition cost would therefore be between €689,080 and €695,520.

For a 20-year loan at the current average rate of 3.4%, with a down payment of 10% (€64,400), the amount borrowed would be €579,600. The monthly payments would be approximately €3,600 (calculated with a loan simulator). The total interest cost over 20 years would be about €90,000.

In terms of rental investment, with an estimated rent of €3,200 per month (estimate based on local rents), the gross rental yield would be 6% and the net yield after charges would be around 4.5%.

The Energy Performance Diagnosis (EPD) is not specified in the provided data. However, for an apartment of this size and standard, an estimate of the EPD class could be around C or D, which is common for recent or renovated apartments. Annual energy costs can be estimated between €1,200 and €1,800 (estimate based on average public sector data).

Regarding renovations, to improve the EPD class of an apartment, costs can vary from €10,000 to €30,000 depending on the necessary work (insulation, heating, etc.). Assistance such as MaPrimeRénov' can be mobilized, offering grants of up to €20,000 depending on income and the type of work.

Le Cannet is a municipality located in the Alpes-Maritimes, known for its pleasant living environment and proximity to Cannes. The neighborhood where the apartment is located is residential, with many green spaces and quality infrastructure. Public transport is accessible, with several bus lines nearby and the Cannes train station about 10 minutes by car.

Regarding shops, there are supermarkets, bakeries, and restaurants within a 1 km radius. Public and private schools are also well represented, with institutions rated above average. The neighborhood's demographics are quite favorable, with a median household income of around €30,000 per year (source: INSEE, 2021).

Le Cannet is located in an area with a low risk of flooding and landslides (source: Géorisques). However, it is important to check the Local Urban Planning Plan (PLU) to ensure that there are no development projects that could influence the quality of life in the neighborhood. Regarding rental regulations, there is no rent control in this municipality, which allows for some flexibility for landlords and tenants. Mandatory diagnostics must be provided during the sale, including the Energy Performance Certificate (DPE) and the state of risks and pollution.

This apartment is positioned above the market median, with a price per m² of €7,520.73, while the median for Le Cannet is €4,500 (source: DVF DGFiP, 2023). The advantages of this property include its spacious terrace, favorable orientation, and overall condition. On the other hand, the disadvantages may include the high acquisition cost and competition with other similar properties in the area. The negotiation margin could be limited, given the high demand for apartments of this type.