2-room Apartment - 52.11m² - Cannes — 52.11 sqm, 1 bedroom, 1 bathroom
Real Estate Available

2-room apartment 52 m² for sale in Cannes - €225,000, energy performance certificate not specified

At a glance: 52.11 sqm · 1 bedroom · 1 bathroom · floor 2 · elevator

€225,000

real estate apartment Cannes 2 rooms
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by l'Adresse Cannes

2-Room Apartment - 52.11m² - Cannes

Cannes city center. Ideally located in immediate proximity to the famous Rue d'Antibes and the Banane, come discover this charming 2-room apartment of approximately 53m², nestled within a small well-maintained co-ownership with a bourgeois spirit. The building, equipped with an elevator, stands out with an atypical staircase, adding to the overall charm. The apartment, facing East, consists of: an entrance hall, a bright living room, a semi-open kitchen to the living room, a comfortable bedroom with storage, a shower room with toilet, as well as storage closets. A cellar completes this property. Exceptional location, just steps from shops, beaches, and the city center, this property is ideal for a pied-à-terre, a rental investment, or a primary residence. A rare opportunity in the area!

Information

  • Type: REAL_ESTATE
  • Price: 225000€
  • Availability: In stock

Features

  • surface: 52.11 m²
  • bedrooms: 1
  • bathrooms: 1
  • elevator: Yes
  • condition: Good
  • floor: 2
  • year_of_construction: 1935
  • number_of_units: 64
  • annual_fees: 1812.00€

Pricing

  • Regular Price: 225000€
  • Currency: EUR

Characteristics

  • Surface: 52.11 sqm
  • Bedrooms: 1 bedroom
  • Bathrooms: 1 bathroom
  • Floor: floor 2
  • Amenities: elevator

Metadata

Market and price analysis

Price per m² and market trend

The asking price for this apartment is €225,000 for an area of 52.11 m², which translates to a price per m² of €4,315.78 (calculated from the displayed price and declared characteristics). In the Cannes market, the median price per m² for an apartment in the city center is estimated at €4,500 (source: DVF DGFiP, 2023). Thus, this apartment is slightly below the market median, which could represent an advantage for a buyer looking for a property in this sought-after area.

In terms of trend, prices in Cannes have increased by an average of 5% over the last 12 months, with sustained demand for real estate in the city center, particularly due to tourist attractiveness and international events like the Cannes Film Festival (source: Notaires de France, 2023).

Financial simulations

Total Acquisition Cost

For a purchase price of €225,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €15,750 to €18,000 (estimate based on current professional scales).

The total acquisition cost would therefore be between €240,750 and €243,000.

Regarding financing, with a contribution of 10% (€22,500), the amount to borrow would be €202,500. At the current average rate of 3.4% over 20 years, the monthly payment would be approximately €1,178.75 (calculation based on current interest rates and standard loan conditions).

Cost of Ownership Estimation

Annual ownership costs include property tax, condominium fees, and home insurance.

  • Property Tax: On average in Cannes, the property tax for an apartment is about €1,200 per year (source: INSEE, 2023).
  • Condominium Fees: Estimated at €1,500 per year for an apartment of this size (source: professional scales).
  • Home Insurance: About €300 per year.

Thus, the total annual ownership cost would be approximately €3,000.

Energy rating

Energy Performance Diagnosis and Energy Costs

The Energy Performance Diagnosis (DPE) is not specified in the sheet, which is crucial information for potential buyers. Generally, for an apartment of this size and era, one can estimate an annual energy consumption between €1,000 and €1,500 (estimate based on average public data from the sector).

Regarding renovations, if the DPE were classified as F or G, improvement works would be necessary to achieve an acceptable performance level, with renovation costs estimated between €10,000 and €20,000 (source: ADEME, 2023).

The aids available for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), which can cover up to 50% of costs depending on the work done.

Neighborhood

Transport and Amenities

The apartment is located in Cannes, in immediate proximity to Rue d'Antibes, a major shopping thoroughfare.

  • Transport: Cannes train station is about 1 km away, offering connections to Nice and Marseille. Bus lines are also accessible nearby, facilitating travel.
  • Amenities: Shops, restaurants, and beaches are within walking distance, enhancing the appeal of this property for a primary residence or rental investment.

The neighborhood's demographics are characterized by a mixed population, with a high proportion of seasonal residents during the summer, which can influence rental demand.

Risks and constraints

Natural Risks and Regulations

Cannes is located on the French Riviera, exposed to risks of flooding and landslides, particularly due to its proximity to the sea and surrounding hills (source: Géorisques, 2023).

  • PLU and Zoning: The Local Urban Planning Plan (PLU) of Cannes imposes strict rules on renovations and extensions, which can limit improvement projects.
  • Mandatory Diagnostics: Upon sale, the seller must provide an Energy Performance Certificate (DPE), a state of risks and pollution (ERP), and an electrical installation diagnosis if it is over 15 years old.

It is important to check these documents before purchasing to avoid surprises.

Market positioning

Comparison with Similar Properties

This apartment is offered at €4,315.78 per m², which is below the market median in Cannes (€4,500 per m²).

  • Advantages: Proximity to Rue d'Antibes, elevator, general condition of the property, and high rental potential.
  • Disadvantages: Absence of DPE, which may deter some buyers.

The negotiation margin could be estimated between 5% and 10%, depending on buyer interest and market conditions.

Frequently asked questions

What are the notary fees for this apartment?

The notary fees for an old property like this apartment are estimated between 7% and 8% of the purchase price, which is approximately €15,750 to €18,000.

What is the energy performance of this apartment?

The energy performance diagnosis (DPE) is not specified in the listing. It is important to request this document to assess energy consumption.

What are the annual holding costs?

The annual holding costs are estimated at around €3,000, including property tax, condominium fees, and home insurance.

Are there natural risks in the area?

Yes, Cannes is exposed to flood and landslide risks. It is advisable to consult the Géorisques website for more details.

How does this apartment compare to other properties?

This apartment is offered at a price lower than the market median, which may represent a buying opportunity.

What documents are required for the purchase?

The required documents include the energy performance certificate, the risk and pollution assessment, and the electrical installation diagnosis.

What are the financing options?

Financing options include a mortgage loan with a personal contribution, usually 10% of the purchase price.

What are condominium fees?

Condominium fees are estimated at around €1,500 per year for this apartment.

Are there urban projects nearby?

Urban redevelopment projects are underway in Cannes, which could influence long-term property values.

What is the rental potential of this apartment?

With its central location, this apartment has good rental potential, especially for seasonal rentals.

How does property management work in Cannes?

Property management in Cannes involves various services, ranging from tenant search to lease management.

What are the advantages of a rental investment in Cannes?

Cannes offers a strong rental demand, especially during the summer season, which can generate interesting income.

How does an apartment visit go?

Visits are organized by appointment, and it is advisable to check all documents before making a decision.

Are there renovation aids available?

Aids such as MaPrimeRénov' may be available for energy renovation work.

Annotated gallery

Description by image

The image shows a modern and bright living room. The furniture includes two orange leather armchairs and a beige armchair, arranged around a rectangular wooden coffee table. A light wood TV unit is visible on the wall, with a flat screen mounted above. On the adjacent wall, a decorative painting depicting a plant is hung. The floor is covered with a beige covering, and a gray rug is placed under the coffee table. Natural light enters through large multi-pane windows, creating a bright and welcoming atmosphere. A green plant is placed in a corner, adding a touch of nature to the space. The overall ambiance is contemporary and neat, with clean lines and a functional layout.
This image shows a spacious and well-lit bedroom. The large bed is equipped with a beige upholstered headboard and light-colored sheets. Two dark wood nightstands are placed on either side of the bed, each adorned with a bedside lamp with a black shade. A storage unit with drawers is visible on the left side, while a large vase with decorative stems is positioned near the window. Natural light enters through a multi-pane window, illuminating the space. The floor is wooden, and a light rug is placed under the bed, adding comfort to the overall setting. The walls are painted white, contributing to a calming and modern atmosphere.
The image presents a modern and functional bathroom. A light wood vanity unit is installed, with a smooth surface countertop and an integrated sink. Above, a large mirror is illuminated by LED lights. To the left, a walk-in shower is enclosed by a glass partition, equipped with contemporary fixtures. The floor is tiled with light patterns, and a toilet is visible in a corner of the room. The walls are painted white, creating a bright and airy atmosphere. The entire bathroom is well arranged, offering a space that is both aesthetic and practical.
This image shows a semi-open kitchen, well arranged and bright. The kitchen furniture is made of wood with modern finishes, and a smooth surface countertop is visible. A sink is integrated into the countertop, and storage is present above and below. The room is illuminated by natural light coming through a large multi-pane window. The floor is wooden, adding a warm touch to the space. The walls are painted white, contributing to a bright and welcoming atmosphere. The layout of the kitchen allows for easy movement, and the space feels functional and pleasant.

All tags

real estate apartment Cannes 2 rooms

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