3-room apartment 73.72 m² for sale in Le Cannet - €370,000

The listed price of the apartment is €370,000 for an area of 73.72 m², which gives a price per m² of €5,020.36 (calculated from the listed price and declared characteristics). In the Cannet real estate market, the median price per m² for an apartment is around €4,500 (source: DVF DGFiP, 2023). This indicates that this apartment is above the market median, which can be justified by its features (south-facing terrace, parking space). Over the last 12 months, apartment prices in the area have increased by about 5% (source: Notaires de France, 2023).

This apartment positions itself as a premium property in the area, with atypical features and an unobstructed view. Advantages include its proximity to local amenities and its sun exposure. However, the high price could be a barrier for some potential buyers, especially those looking for a rental investment.

For a purchase at €370,000, notary fees are estimated between 7% and 8%, or between €25,900 and €29,600 (estimate based on current professional scales). The total acquisition cost would therefore be between €395,900 and €399,600.

Considering a loan at an average rate of 3.4% over 20 years with a contribution of 10% (or €37,000), the amount borrowed would be €333,000. Monthly payments would be approximately €1,900 (calculation based on a loan simulator).

If this apartment is considered for a rental investment, with an estimated rent of €1,800 per month (estimate based on local rents), the gross rental yield would be 5.8% (calculation based on annual rent divided by the purchase price). After deducting charges and property tax, the net yield could be estimated at around 4.5%.

The Energy Performance Diagnosis (EPD) of this apartment is rated D, which indicates an estimated annual energy consumption of about 230 kWh/m² (source: ADEME, 2023). The annual energy cost could therefore be around €1,600 (calculation based on an average rate of €0.07/kWh).

According to the Climate & Resilience law, apartments rated F or G can no longer be rented starting in 2025, which is not the case here.

To improve the energy class to C, renovation work may be necessary, estimated between €10,000 and €20,000 (estimate based on average public sector data). Assistance such as MaPrimeRénov' and Energy Savings Certificates (CEE) could be mobilized to reduce the cost of the work.

The apartment is located near several bus lines and about a 15-minute walk from the nearest tram station. Nearby shops, schools, and healthcare services are easily accessible, contributing to a high quality of life in the neighborhood. The median household income in Le Cannet is approximately €30,000 per year (source: INSEE, 2023).

Le Cannet is renowned for its tranquility, green spaces, and proximity to the Mediterranean Sea. The neighborhood is considered safe, with a low crime rate. Ongoing urban projects aim to further improve accessibility and local infrastructure.

Le Cannet is located in a low flood risk area, but it is important to check seismicity and landslide data. Mandatory diagnostics must be provided by the seller.

Currently, there is no control of rents in this area. However, it is important to stay informed about legislative developments that could affect the rental market.

This apartment is above the market median, which is around €4,500 per m². Comparable properties in the area, with similar features, are selling between €350,000 and €400,000 (source: Notaires de France, 2023). Factors for the premium include the terrace and the impeccable condition of the apartment. A negotiation margin of 5 to 10% could be considered, depending on buyer interest.