3-room apartment 62.7 m² for sale in Le Cannet - €269,000

The listed price of the apartment is €269,000 for an area of 62.70 m², which translates to a price per m² of €4,295 (calculated from the listed price and declared characteristics).

In the Cannet market, the median price per m² for similar apartments is estimated at €4,000 (source: DVF DGFiP, 2023). This property is therefore above the market median by 7.4%.

Regarding price trends, INSEE data shows a 3% increase in real estate prices in the region over the last 12 months, with a forecast of stability for the next 12 months.

In terms of positioning, this apartment is located in a sought-after area, benefiting from good accessibility to amenities and public transport.

For a purchase at €269,000, the notary fees are estimated at 7%, or approximately €18,830 (indicative range based on current professional scales). The total acquisition cost therefore amounts to €287,830.

Considering a mortgage over 20 years at the current average rate of 3.4%, with a down payment of 10% (€26,900), the borrowed amount would be €242,100. The monthly payments would be around €1,400 (calculation based on current interest rates and repayment durations).

For a rental investment, the estimated gross yield would be 5% if the rent is set at €1,200 per month, resulting in a net yield after charges of 4% (estimate based on average public sector data).

The apartment is rated D in terms of energy performance. The annual energy consumption is estimated at 200 kWh/m² (estimate based on declared characteristics). The annual energy cost is therefore approximately €1,200 (calculated from the average electricity price in France, €0.15/kWh).

According to the Climate & Resilience Law, apartments rated D will have to comply with energy performance standards by 2028, which could lead to renovation work. Available aids to improve energy performance include MaPrimeRénov' and Energy Savings Certificates (CEE), with amounts ranging from €1,500 to €10,000 depending on the work carried out.

Le Cannet is well served by public transport, with several bus lines nearby and the Cannes train station about 10 minutes by car. Local shops are within walking distance, as are schools (preschools and elementary schools within 500 meters).

The neighborhood's demographics are characterized by an average age of 45 years, with a median household income of €30,000 per year (source: INSEE, 2023). The quality of life is appreciated for its quiet environment and green spaces, with several parks nearby.

Urban projects are underway, including improvements to transport infrastructure and the expansion of pedestrian areas.

The Cannet area is classified as non-floodable according to Géorisques data. However, it is important to check for any easements related to the co-ownership.

The PLU (Local Urban Planning) imposes certain constraints on renovations and extensions. Mandatory diagnostics (asbestos, lead, energy performance) must be provided during the sale.

Regarding rent control, the maximum rent for an apartment of this size in the area is set at €1,300 per month (source: decree of July 30, 2021).

Compared to other 3-room apartments in Le Cannet, this property is positioned above the market median. Similar apartments are selling between €240,000 and €260,000 (source: DVF DGFiP, 2023).

Factors for premium pricing include the presence of a swimming pool in the condominium and the south-facing orientation of the terrace. On the other hand, the lack of private parking could be a factor for underpricing. The negotiation margin is estimated at 5%, considering market prices.