4-room apartment 98 m² for sale Le Cannet - €630,000

The price of the apartment is €630,000 for an area of 98.04 m², which corresponds to a price per m² of €6,426.58 (calculated from the displayed price and declared characteristics). In the Cannet market, the median price per m² for similar apartments is around €5,500 to €6,000, which places this apartment above the market median. Over the last 12 months, apartment prices in the area have increased by about 5% (source: DVF DGFiP, consulted in September 2023).

This apartment is located in a quiet residential area, valued for its proximity to amenities and transportation. The advantages include a private garden and a garage, which is rare in the sector. On the other hand, the high price may be a deterrent for some potential buyers.

For the purchase of this apartment, notary fees are estimated to be between 7% and 8% of the purchase price, which is approximately €44,100 to €50,400 (estimate based on current professional scales). The total acquisition cost would therefore be between €674,100 and €680,400.

With a down payment of 10% (€63,000), the amount to be financed would be €567,000. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €3,200 (calculated based on current interest rates). The total cost of the loan would be approximately €768,000 over the entire loan term.

If this apartment were rented, the monthly rent could be estimated at around €2,800 (estimate based on local market rents). The gross rental yield would therefore be around 5.3%, which is attractive for an investor.

The annual charges (co-ownership, maintenance) are estimated at around €2,000 per year, and the property tax could amount to approximately €1,500 (estimate based on industry averages). The total annual holding cost would therefore be around €3,500.

The Energy Performance Certificate (EPC) is not specified in the source. However, for an apartment of this size and era, one can estimate an EPC class around C or D, with an estimated annual energy consumption between €1,200 and €1,500 (estimate based on average public sector data).

In the case of renovation work to improve the DPE class, several aids can be mobilized, such as MaPrimeRénov' and the Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €5,000 depending on the work carried out.

Le Cannet is well served by public transport, with several bus lines nearby and easy access to the Cannes train station, located about 10 minutes by car. The area also offers many shops, schools, and health services, contributing to a pleasant quality of life.

Le Cannet has a population of approximately 43,000 inhabitants, with a median household income of about €30,000 per year (source: INSEE, 2020). The neighborhood is known for its tranquility, green spaces, and safety, making it a sought-after place to live for families.

Le Cannet is located in a low flood risk area, according to Géorisques data. However, it is important to check seismic risks, although the region is not particularly exposed.

The buyer must ensure that all mandatory diagnostics are up to date, including the energy performance certificate, the termite diagnosis, and the condition of electrical installations. These documents are essential for a secure transaction.