6-Room House 163 m² for Sale in Le Cannet - €650,000

The listed price for this house is €650,000 for an area of 163 m², which translates to a price of €3,989 per m².

Based on public data from the DVF (Demand for Property Value), the median price of houses in the Cannet area is approximately €4,500 per m². This property is therefore offered at a price 11.3% lower than the market median.

Regarding price trends, INSEE data shows a 5% increase in real estate prices in the PACA region over the last 12 months, with a forecast of stabilization in the coming months. Cannet, being a sought-after municipality, may see its prices fluctuate based on supply and demand.

For a purchase of €650,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €45,500 to €52,000.

The total acquisition cost would therefore be €695,500 to €702,000.

Regarding financing, with a contribution of 10% (€65,000), the amount borrowed would be €585,000.

With an average current interest rate of 3.4% over 20 years, the monthly payment would be approximately €3,400, resulting in a total interest cost of €164,000 over the loan term.

For a rental investment, assuming a monthly rent of €2,800 (estimate based on local rents), the gross rental yield would be 5.2% and the net yield after expenses would be 4.5%. The monthly cash flow would be positive, after deducting loan payments.

The Energy Performance Diagnosis (DPE) of this house is classified as D, indicating an energy consumption of 151 to 230 kWh/m²/year. The estimated annual energy cost for a household of this size is around €1,500 to €2,000, depending on consumption habits.

According to the Climate & Resilience law, homes classified as F or G will no longer be able to be rented starting in 2025. This property, being classified as D, will not be affected by this ban.

To improve the energy class, renovation work may be necessary, with an estimated cost between €15,000 and €30,000, depending on the planned work. Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) can be mobilized to reduce these costs.

The house is located near several schools, shops, and health services, making it an ideal location for a family. Educational establishments such as Les Muriers Primary School and Les Cèdres College are within walking distance.

In terms of transportation, the municipality is served by several bus lines, and the nearest train station is about 15 minutes by car, providing easy access to Nice and Cannes. The proximity to the A8 motorway also allows for quick access to the major cities in the region.

The neighborhood is characterized by a calm and residential environment, with many green spaces and parks, contributing to a pleasant quality of life.

Le Cannet is located in a low flood risk area, according to Géorisques data. However, it is important to check for any easements or restrictions related to the PLU (Local Urban Planning) of the municipality.

Regarding regulations, the real estate market in Le Cannet is subject to rent control, with ceilings to be respected for rentals. Mandatory diagnostics, such as the DPE, must be provided during the sale.

Buyers must also be aware of the legal deadlines for completing the sale, which can vary depending on financing conditions and administrative procedures.